Current PFP News 


    Don't miss "Maximize Year-Round Productivity with Leading Financial and Tax Planning Strategies" with Bob Keebler and Scott Sprinkle on May 6 from 1-2:45pm ET. Register for free without optional CPE or with discounted CPE.

    AICPA

    PFP News

     

    Member-Exclusive News, Resources and Events

     

    April 22, 2015

    In This Issue

    Maximize Year-Round Productivity with Leading Financial & Tax Planning Strategies

    2015 Q1 Personal Financial Satisfaction Index (PFSi) Released

    Financial Literacy Webcast: 2015 Taxes: Start Your Money Plan Here

    CPA/PFS Corner: Are You on the Path to the CPA/PFS Credential?

    Other News: News and Resources You May Have Missed During Busy Season

     

     

    PFP News & Resources

     

    Maximize Year-Round Productivity with Leading Financial & Tax Planning Strategies

     

    Now that clients are able to see first-hand how ATRA and the net investment income tax within a multi-layered tax environment have impacted them in the short term, smart financial planning requires myriad strategies and multi-year projections. Integrating tax planning into your client's overall financial-planning strategy is critical to achieving long- term favorable outcomes. CPA financial planners can demonstrate their value to clients by providing guidance, planning and tax expertise in 2015.

    In this webcast on May 6 from 1-2:45pm ET, Bob Keebler and Scott Sprinkle will discuss:

     

    Lessons learned from tax season

    Estate, tax, retirement and investment-planning opportunities to consider outside of tax season

    Breaking asset-protection issues

    Shifting trust income to other states

    Decanting trusts

    Key ideas in the current tax proposal

    Tips on how to encourage clients to take action

     

    Register for free without optional CPE or with discounted CPE. Can't attend live? PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/webcasts.

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    2015 Q1 Personal Financial Satisfaction Index Released

     

    To help CPAs, the media, and consumers gain clearer insights into how Americans feel about their financial situation, the AICPA's Media Relations team has released the Q1 2015 Personal Financial Satisfaction Index (PFSi).

    This economic barometer measures the personal financial satisfaction of the typical American with both AICPA proprietary and normalized official US Government data. It is made up of eight factors that effectively measure both the pain and pleasure that Americans feel as they assess their financial situation. The purpose of the PFSi is to provide timely, relevant data for the AICPA to use for media outreach and member communications and to highlight the work that CPA financial planners do.

    According to the Q1 2015 PFSi, decreases in inflation, loan delinquencies, personal taxes, and underemployment have lifted Americans' overall financial satisfaction further into positive territory. The PFSi measured at 13.1 for the first quarter of 2015. This reflects a 6.5 point increase from the prior quarter and an 18.4 point increase from one year ago, and indicates that Americans' financial situation has improved since the beginning of the calendar year and that their financial opportunities are outweighing their financial losses.

    Read a summary of the first quarter index, the media release and an article from the Journal of Accountancy.

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    Financial Literacy Webcast: 2015 Taxes: Start Your Money Plan Here

     

    Invite your clients to this consumer-oriented webcast by sending them the description and registration link below!

    Your tax return is the roadmap to your life goals. So don't file it and forget it. Use it on April 23, 1-2p.m. ET, Chris Benson, CPA/PFS will show you how in this webcast brought to you by 360 Degrees of Financial Literacy and the AICPA PFP Division. In the context of today's dynamic tax environment, he will explain how you can use your tax return to create a well-rounded comprehensive financial plan. This seminar is free to everyone; CPE is not offered. Register now!

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    CPA/PFS Corner

     

     

    Upcoming PFS Exam
    The summer 2015 PFS exam will be offered June 19 - July 31, 2015 at convenient testing centers located across the country. Learn more at aicpa.org/PFSexam.

    Are You on the Path to the CPA/PFS Credential?
    The summer PFS exam is fast approaching (offered June 19 - July 31 at convenient testing centers across the country). Take advantage of the following steps to help you gain confidence in PFP and the competence the CPA/PFS credential demonstrates to your clients:

     

    1.

    Assess your knowledge on PFP Topics. Reference the PFS Exam Outline.

    2.

    Gain in-depth education if needed. Take advantage of our 6 self-study CPE courses.

    3.

    Review for the exam. Register for a June PFP Boot Camp and/or take a self-study exam review course.

    4.

    Register for the summer PFS exam.

    5.

    Assess your experience in PFP. 3,000 hours over the last 5 years are required.

    6.

    Apply for the credential online.

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    Other News

     

     

    News and Resources You May Have Missed During Busy Season
    Here's a recap of some key member resources and news you may have missed during tax season.

     

    Visit aicpa.org/PFP/2015 to see what member resources have been released this year, and remember to take advantage of your core PFP/PFS benefits.

    Recordings from the 2015 Advanced PFP Conference are available at aicpaconferencematerials.com.

    Our 2015 webcast calendar is posted on our site and under the "Events" column of PFP News. Recordings and presentation materials from all PFP Section-sponsored webcasts are posted to our library of events for members after the live events.

    We will be expanding learning opportunities by hosting more podcasts in 2015.

    Utilize post-busy season resources at aicpa.org/PFP/taxseason, including the Tax Return for PFP Checklist and the Personal Financial Outlook.

    For those members interesting in transitioning from tax compliance to personal financial planning, see the "Events" column of PFP News for the archives and upcoming rebroadcast of the "Tax Preparer to Financial Planner: The Road Best Traveled" webcast series.

     

    Extra Credit - The Newsletter for Accounting Educators
    This recently launched monthly publication was created especially for accounting educators. Extra Credit provides one news source for education and profession related issues, a quick-read publication to accommodate busy schedules and articles with classroom applications. Every month subscribers can look forward to content on a variety of topics to help inspire and engage the next generation of CPAs. Subscribe.

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    Events

     

    PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/webcasts 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
    .


    PFP Section-Sponsored Webcasts:
    In addition to the webcasts below, scroll down for information on the rebroadcast of the "Tax Preparer to Financial Planner" series, being held May 21-June 18.

    Final Reminder! 2015 Taxes: Start Your Money Plan Here
    Consumer Series: Take Charge: Your Money. Your Life.
    April 23, 1-2pm ET
    Free. No CPE available. Invite your clients to this consumer-oriented webcast.

    Maximize Year-Round Productivity with Leading Financial and Tax Planning Strategies
    May 6, 1-2:45pm ET
    Free | Discounted CPE

    Decanting: Understanding the Income, Gift, Estate and GSTT Aspects
    May 12, 1-2:45pm ET
    Free | Discounted CPE

    Expanding the Framework of Safe Withdrawal Rates
    May 20, 1-2:15pm ET
    Registration coming soon.

    Practical Planning for Aging and Elder Issues
    June 3, 1-2:45pm ET Registration coming soon.

    Asset Allocation Glidepaths in Retirement
    June 10, 1-2:15pm ET
    Registration coming soon.

    Asset Protection Strategies
    July 8 at 1-2:45pm ET
    Registration coming soon.

    Practical Planning for Cash-Flows and Withdrawal Strategies in Retirement
    August 5, 1-2:45pm ET
    Registration coming soon.

    Navigating Medicare and the Affordable Care Act
    August 19, 1-2:45pm ET
    Registration coming soon.

    Planning for Spending in Retirement
    Consumer Series: Take Charge: Your Money. Your Life.
    August 27, 1-2pm ET
    Registration coming soon.
    Free. No CPE available. Invite your clients to this consumer-oriented webcast.

    Aging & Incompetence: When Your Client Has Crossed the Line and What Next?
    September 16, 1-2:45pm ET
    Registration coming soon.

    How to Know Wills, Trusts and Other Legal Documents Meet Your Clients' Goals
    October 21, 1-2:45pm ET
    Registration coming soon.

    PFP Series Rebroadcast: From Tax Preparer to Financial Planner: The Road Best Traveled
    Register for the entire series or individual sessions. Archived sessions (without CPE) are available free to PFP/PFS members on our website. The rebroadcasts offers discounted CPE for PFP/PFS members; a subject matter expert will be available during the rebroadcast to answer questions.

    Understanding the Value of Personal Financial Planning
    May 21, 1-2:45pm ET
    Discounted CPE.

    Moving from Tax Planning to Integrated Financial Planning
    May 28, 1-2:15pm ET
    Discounted CPE.

    The Practical Side of Investment Planning
    June 2, 1-2:45pm ET
    Discounted CPE.

    The Practical Side of Estate Planning
    June 4, 1-2:30pm ET
    Discounted CPE.

    The Practical Side of Retirement Planning
    June 9, 1-2:30pm ET
    Discounted CPE.

    The Practical Side of Risk Management and Insurance Planning
    June 11, 1-2:30pm ET
    Discounted CPE.

    Comprehensive PFP Case Study
    June 18, 1-3:15pm ET
    Discounted CPE.

    Other AICPA Webcasts:

    Final Reminder! Tax Power Hour: Annual Tax Season Debrief
    April 23, 1-2:34pm ET
    Free | Discounted CPE

    Upcoming Conferences:

    Tax Strategies for the High-Income Individual
    May 18-19
    Aria, Las Vegas
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    Practitioners Symposium and Tech+
    June 7-10
    Orlando, FL
    Register. PFP/PFS members save an additional $100 on the early bird AICPA member price.

    Advanced Estate Planning
    July 20-22
    Salt Lake City, UT
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    2016 Advanced Personal Financial Planning
    January 18-20
    Bellagio, Las Vegas
    Live | Virtual
    PFP/PFS members save an additional $100 on the early bird AICPA member price.

    Implementing PFP Services: Step-by-Step Plans for Success
    January 16-17, 2016
    Bellagio, Las Vegas
    PFP/PFS members save an additional $100 on the AICPA member price.
    Watch PFP News for registration information.

     

    Contact Us

     

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

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