Current PFP News 


January PFP Conference: PFP Summit: For Leaders Among Leaders

Please add AICPA_PFPNews@e.aicpa.org to your address book. If you have trouble viewing, the latest issue of PFP News is posted to aicpa.org/pfp/pfpnews on Thursdays.

AICPA

PFP News

 

Member-Exclusive News, Resources and Events

 

December 7, 2016

In This Issue

Leg/Reg Advocacy & Podcast: AICPA Calls for Withdrawal or Revision of the Estate Valuation Regs

Free Webcast Next Week! How CPA Financial Planners Can Avoid Top Technology Mistakes

January PFP Conference: PFP Summit: For Leaders Among Leaders

Bob Veres Inside Information: Fee-Only Prosperity

Bob Veres Media Reviews: Retirement Plan Loan Traps

T3 Technology Hub News: Digital Assistant Faceoff

New Tools to Talk to Clients about Key Tax and Planning Issues

Nominate a Star CPA/PFS for a Standing Ovation

Bob Veres E-Column Request: What Happens When You’re Gone?

CPA/PFS Corner: Exam Registration Deadline Next Week!

Other News: Audio Clip: IRS Extends Time to Make S Corp Election; New in the Learning Library: Protecting Your Loved Ones from Financial Fraud & Abuse; Apply to Volunteer on a PFP Committee

 

 

PFP News & Resources

 

Leg/Reg Advocacy & Podcast: AICPA Calls for Withdrawal or Revision of the Estate Valuation Regs

 

Michelle Gallagher, CPA/ABV/CFF and Ron Seigneur, CPA/ABV/CFF discuss the proposed Internal Revenue Service (IRS) estate valuation discount regulations in this podcast. Michelle testified on behalf of the AICPA at the IRS hearing on December 1. Both Ron and Michelle are members of the AICPA Family Limited Partnerships Issues Task Force which is also finalizing a comment letter to the IRS.

The proposed regulations concern the valuation of interests in corporations and partnerships for estate, gift and generation-skipping transfer tax purposes. More resources and Michelle’s testimony can be found on the AICPA website.

BACK TO TOP

 

Free Webcast Next Week! How CPA Financial Planners Can Avoid Top Technology Mistakes

 

On December 14th, Joel Bruckenstein will cover the importance and power that technology can have in a personal financial planning practice.  Don’t let a tech-related mistake impact you!  Register for the free event here, or watch the recording shortly after the event in the learning library

BACK TO TOP

 

January PFP Conference: PFP Summit: For Leaders Among Leaders

 

Designed for “leaders among leaders,” this event will host the most experienced minds in the personal financial planning profession. It’s time to compare notes with esteemed peers, challenge conventional thinking and shape future legacy.
 
The AICPA PFP Summit is a one-of-a-kind occasion for the profession’s innovators to experience an event unlike any “conference” you have attended in the past, given the A-list attendance and the nature of interactive sessions that will prompt lively discussions.  Deepen professional relationships both in and out of the meeting suite, with excursions and activities on the event property; and draw inspiration from the tranquil location of Terranea, a resort on one of Southern California’s most scenic and coveted coastlines overlooking the Pacific Ocean and Catalina Island. 

BACK TO TOP

Bob Veres Inside Information: Fee-Only Prosperity

 

The latest edition of Inside Information* from Bob Veres includes stories on:

 

Fee-Only Prosperity – The CEO of the U.K.’s FINRA equivalent says that his country’s fee-only advice environment has actually been quite good for business.

Emotional Literacy: A researcher who studies feelings and emotions offers some guidance on how you can be more personally effective through greater self-awareness. 

Operational Insights: What are the best practices for identifying and grooming future leaders of your operational team?

Forms for Life: A national expert on dealing with client grief offers a checklist for how you can simplify a client’s end-of-life experience. 

 

*Access to Inside Information is a benefit of PFP/PFS membership, which is an individual membership. If your colleagues would like access to this newsletter service, they can either purchase directly from Bob Veres or sign up for PFP membership.

BACK TO TOP

Bob Veres Media Reviews: Retirement Plan Loan Traps

 

Bob Veres Media Reviews are designed to save you hours of reading time each month — giving you time for more productive activities.  Read Bob’s write-ups of articles in December’s Financial Planning magazine, including those rated with high relevance:

 

“No Reason to Fear Robo Advisers” by Kimberly Foss

“What Really Makes Firms Grow” by Glenn Kautt

“Future Ready” by Joel Bruckenstein

“Secret Formula to Setting Fees” by Michael Kitces

“Active Duty” by Kathy Kristof

“Fidelity’s Digital Strategy” by Andrew Welsch

“Retirement Plan Loan Traps” by Ed Slott

“Digging Into Clients’ Tax Returns” by Allan Roth

 

Access other editions of media reviews, Inside Information and e-columns.

BACK TO TOP

T3 Technology Hub News: Digital Assistant Faceoff

 

T3 Technology News is designed to provide you with insight and all the latest news on technology for financial advisors plus in-depth reporting on financial services technology. The latest edition of the T3 newsletter is available which includes the following articles:

 

Thoughts on the WisdomTree Investment in AdvisorEngine (formerly Vanare)

Digital Assistant Faceoff: The Amazon Echo vs. Google Home

Workflow Your Way to the DOL Deadline Toolkit from SEI and Retail

Have You Begun Preparing Your Holiday Campaigns?

Book Review: “Exploring Advice” Contains Insights from 39 Industry Thought Leaders

The Power of the eMoney/Fidelity Combination Begins to Reveal Itself

 

To receive the newsletter directly, subscribe here

BACK TO TOP

New Tools to Talk to Clients about Key Tax and Planning Issues

 

Reinforce your role as a trusted adviser with new client communication materials from the Tax Practitioner’s Toolkit. The Toolkit includes year-end planning tools such as client letters and a PowerPoint presentation, as well as new brochures for clients worried about paying college tuition and/or trying to finance going back to school.

BACK TO TOP

Nominate a Star CPA/PFS for a Standing Ovation

 

Young CPA/PFS credential holders are the future of the profession; and the AICPA’s PFP Division wants to recognize these individuals for their professional achievements. The AICPA’s Standing Ovation Program recognizes young CPAs in personal financial planning (including estate, retirement, investment, risk management/insurance, and tax planning) who exhibit exemplary professional achievement. Help spread the word to others in your firm that they can submit nominations with this quick and easy online application by May 1, 2017.

BACK TO TOP

Bob Veres E-Column Request: What Happens When You're Gone?

 

Bob is in the process of developing a checklist which will help advisors think through all of the details they should organize for spouses and staff in the event of a sudden departure.  He is asking for advisers to email him with suggested items to put on such a list.

BACK TO TOP

 

CPA/PFS Corner

 

 

Exam Registration Deadline Next Week!
The fall/winter PFS exam registration ends on Monday, December 12th. Register today! The exam window opens December 12, 2016 and closes January 27, 2017. Email us if you have any questions.
financialplanning@aicpa.org.

BACK TO TOP

 

Other News

 

 

Audio Clip: IRS Extends Time to Make S Corp Election
In PLR 201644003, the IRS granted 9100 relief extending the time for a corporation to make an election to be treated as an S corporation, Bob Keebler reports. The full text of the ruling can be found here and the audio clip here, courtesy of Leimberg Information Services, Inc.

New in the Learning Library: Protecting Your Loved Ones from Financial Fraud and Abuse
In case you missed it, access this consumer-focused webcast recording which will equip you, as a trusted adviser, as well as your clients to protect loved ones from financial fraud and abuse.  Topics covered include:

 

Common scenarios or schemes that abusers use to target their victims

How vulnerable victims are identified and targeted

What the “villains” look like (criminal, family, and home health aides)

Red flags to look and listen for when working with your clients

Practical steps to take with your CPA to identify if abuse is occurring and how to proactively protect the abuse from happening

 


Apply to Volunteer on a PFP Committee

The AICPA has many volunteers who serve on the various personal financial planning committees and task forces. If you are interested in participating on a committee or task force, please log on to volunteer central at volunteers.aicpa.org and complete the volunteer application. Please make sure to load a resume or CV when you complete the application. The PFP Committees are:

 

PFP Executive Committee

PFS Credential Committee

 

In addition, there are numerous task forces set up every year to work on special projects identified by the committees. If you have questions, please contact us at financialplanning@aicpa.org. Our volunteers are what make the AICPA the great organization it is, so please consider serving on one of our committees or task forces. The application period is open until July 10, 2017.

BACK TO TOP

 

Events

 

PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/library if you would like to listen again or if you are not able to attend the live event.

Conference recordings are available at no charge to conference attendees or for purchase to those who weren’t able to attend. Recordings from past conferences are available at aicpaconference
materials.com
.

Upcoming PFP Section-Hosted Webcasts:

Watch PFP News for registration links for upcoming events!

Today! Divorce Taxation
December 7 from 1-2:45pm ET
Discounted CPE.

Next Week! How CPA Financial Planners Can Avoid the Top Technology Mistakes
December 14 from 1-2:15pm ET
Free (no CPE).

Other Webcasts:

Changes to the IRS Collection Procedures: Are You and Your Clients Ready?
December 13 from 1-2:45pm ET

Cybersecurity: Exclusive Insight from the IRS
December 15 from 1-2:45pm ET
Discounted CPE.

Small Firm Update
December 15 from 2-3:00 pm ET
Free (no CPE).


Upcoming Conferences:

Personal Financial Planning Summit
January 22-25, 2017
Discounted CPE.

Advanced PFP Conference (ENGAGE)
June 12-14, 2017
Discounted CPE.

 

Contact Us

 

Email the PFP Team: financialplanning@aicpa.org Visit our home page: aicpa.org/pfp

Follow us on:

 

You are Subscribed to AICPA PFP Section
Mailing List

Manage Your Preferences
Unsubscribe
Add to Address Book
Privacy Policy
Contact Us

American Institute of CPAs,
220 Leigh Farm Road,
Durham, NC 27707-8110
888.777.7077

A16DC55




A A A


 
Copyright © 2006-2016 American Institute of CPAs.