Current PFP News 


Podcast: Advising Clients on the Medical Home Improvement Tax Deduction

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AICPA PFP News
  Member-Exclusive News, Resources and Events  
May 18, 2016
In This Issue
Podcast: Advising Clients on the Medical Home Improvement Tax Deduction
Free Sessions Now Available from 2016 Advanced PFP Conference
Forefield Advisor: Free Concept Pieces for Communicating with Clients
Member Feature: The One Career Move That Changed My Life
Article: Your Client’s Tax Return is a Gold Mine for Planning Opportunities
Bob Veres Media Reviews: Diamond Teams 2: Successful Advisory Firms are Works in Progress
Final Reminder! Apply to the 2016 Leadership Academy
CPA/PFS Corner: Free PFS Exam Registration; Take Your Career to the Next Level
Other News: Podcast: Asset Protection Planning for IRAs and Qualified Plans; Forefield Alert: Retiree Confidence on the Rise, Survey Finds; Upcoming Free CPE Webcast: Top Financial and Tax Planning Ideas; Bob Veres Media Reviews: Predicting Client Life Expectancy
PFP News & Resources
Podcast: Advising Clients on the Medical Home Improvement Tax Deduction
  With the aging population and 130 million Americans living with chronic disease, more and more of your clients may have to make modifications to their homes that will qualify for the medical expense tax deduction. Guiding clients on making these improvements so that they qualify for the deduction is a valuable service you can offer them. In this podcast, Martin Shenkman, CPA/PFS shares insights into:
 
Concepts and ideas to help you capitalize on this deduction for your clients
Criteria for qualifying the home improvement as a medical expense deduction and what won’t qualify
The authoritative guidance available on the medical expense deduction for home improvements
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Free Sessions Now Available from 2016 Advanced PFP Conference
  Access six full session recordings for free from the 2016 AICPA Advanced PFP Conference. These sessions showcase the exceptional quality of the best and most advanced conference in the profession, covering all of the core areas of personal financial planning – estate, tax, retirement, investment, risk management/insurance planning as well as practice management strategies.  The recordings include:
 
Best Planning Ideas Panel
10 Critical IRA Tax Planning Issues
The Road Less Traveled (Rethinking asset allocation)
Medicare
Selected Gems From the Retirement Planning Guide
Planning for the Next Generation of Affluence
  Video and audio recordings, as well as presentation materials from the 2016 Advanced Personal Financial Planning Conference, are available from AICPA Conferences. Registered conference attendees have complimentary access when they log in to the site (see instructions on how to access the materials), while others can create an account to purchase recordings and presentation materials. Join us at the 2017 Advanced PFP Conference on June 12-14 at the MGM Grand in Las Vegas or online!
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Forefield Advisor: Free Concept Pieces for Communicating with Clients
  PFP/PFS section members have access to a robust collection of client communication tools via Forefield Advisor.  These pieces can be customized with your name, firm logo and client name and can be saved as PDFs, HTML or even word documents.  Some examples of these pieces include:
 
Active Versus Passive
Eleven Ways to Stay Sane in a Crazy Market
Key Estate Planning Documents You Need
Retirement Plans for Small Businesses
Roth IRA Conversions
  To access your full suite of benefits and review these concept pieces, and more, click here.
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Member Feature: The One Career Move That Changed My Life
  In this AICPA Insights feature, David Oransky, CPA/PFS, shares his appetite for adventure both in life and in business.  David realized that his passion for personal finance could be best pursued by starting his own business, Laminar Wealth.  The interview with Oransky offers a peek into the profession of a CPA financial planner.
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Article: Your Client’s Tax Return is a Gold Mine for Planning Opportunities
  In this AICPA Insights feature, Brooke Salvini, CPA/PFS, shares tips and tricks for enhancing the planning opportunities that come from a tax return.  For further information, stay posted for a recording of yesterday’s webcast led by Brooke and Bob Keebler, CPA/PFS, in the learning library. PFP/PFS members have complimentary access to this and all webcasts and podcasts in the PFP Learning Library.
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Bob Veres Media Reviews
  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 May’s Financial Planning magazine, including those rated with high relevance:
 
“Revolution and Resolution (DOL Collaboration)” by Melanie Waddell and Jamie Green
“Are You Conflict-Free?” by Mark Tibergien
“Repeat After Me: 12(b)-1s, Succession Planning, Third-Party Audits” by Melanie Waddell
“Diamond Teams 2: Successful Advisory Firms are Works in Progress” by Angie Herbers
“Four Ways to Derail a Technology Upgrade” by Dan Skiles
“’Top-Down Compliance’ Isn’t Just a Buzzword” by Tom Giachetti
“What to Expect in Your First 90 Days” by Caleb Brown
  Access other editions of media reviews, Inside Information and e-columns.
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Final Reminder! Apply to the 2016 Leadership Academy
  For the eighth consecutive year, the AICPA is hosting a Leadership Academy in Durham, NC from October 2-6, 2016.  Over the four day course, candidates will be able to participate in interactive sessions designed to teach strategic planning and personal success skills – including communication and delegation for handling complex management challenges.  More than 200 CPAs have participated in the Leadership Academy.  The academy is opened to any licensed CPAs who are voting members between the ages of 25 and 35. To apply, candidates are asked to submit their resume, licensure information, professional volunteer activities, awards/honors and an essay explaining why participation would be personally important to them.  The deadline to apply is May 31, 2016.
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CPA/PFS Corner
  Free PFS Exam Registration
Purchase any PFS exam review product and include the PFS exam in the shopping cart at no charge for first-time exam takers during the summer exam period of July 1 to August 15.

Take Your Career to the Next Level
The demand for CPA financial planners is already high and growing faster than that of general accounting. Add the PFS Credential to your CPA as a way to distinguish yourself from other financial planners and to have access to a community of like-minded professionals. For more information on why the PFS could be right for you, click here.
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Other News
  Podcast: Asset Protection Planning for IRAs and Qualified Plans
In this podcast, Bob Keebler, CPA/PFS, shares asset protection planning strategies for IRAs and qualified plans. CPA financial planners are perfectly positioned to spot asset protection issues and bring them to the client’s attention in order to work with legal counsel to address them. Learn one of the best strategies to help your clients achieve substantial creditor protection as well as other protections including spendthrift, divorce, special needs, and estate planning in addition to deadhand control.

Forefield Alert: Retiree Confidence on the Rise, Survey Finds
In its most recent Retirement Confidence Survey (RCS), the Employee Benefit Research Institute found that retirees are becoming more confident in their ability to afford a comfortable retirement.  Worker confidence, on the other hand, stabilized.  Meanwhile, worker expectations about various aspects of retirement continued to differ from the realities faced by today’s retirees.  View the alert.

Today! Upcoming Free CPE Webcast: Top Financial and Tax Planning Ideas
The permanence of the 2013 tax increases highlights the growing investment reality; it isn’t what you earn that counts, but what you keep after taxes. Tax is a bigger drag on investment performance than commissions or management fees. Taxes, over the long haul, can wreck client returns. Or, taxes can be source of advisor-alpha. On May 18, 1-2:45pm ET, Bob Keebler, CPA/PFS, will provide 50 ideas to generate Income Tax Alpha. Register for free with CPE for PFP Section members, inclusive of PFS credential holders.

Bob Veres Media Reviews
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 May’s Financial Planning magazine, including topics ranging from “Recognizing the Value of Interns” by Kelli Cruz to “Protecting Client Life Expectancy” by Carolyn McClanahan. Access other editions of media reviews, Inside Information and e-columns
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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/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-Sponsored Webcasts:

Watch PFP News for registration links for upcoming events!

Final Reminder! The Best Estate and Tax-Planning Strategies for the Ultra High Net Worth Client Today
(Advanced PFP Conference Rebroadcast)
May 23, 1-2:15pm ET
Discounted CPE.

Using Trusts as the Designated Beneficiary of a Stretch IRA
June 29, 1-2:15pm ET
Discounted CPE.

Tax Aware Investing
July 13 from 1-2:45pm ET
Discounted CPE.

Retirement Planning for the Business Owner
July 20, 1-2:45pm ET
Discounted CPE.

Latest Trends and Developments in Long Term Care Insurance
August 17, 1-2:15pm ET
Discounted CPE.

Using Charitable Trusts to Avoid Capital Gains Taxes & the 3.8% Surtax
Sept. 21 from 2-3:45pm ET
Discounted CPE.

Estate Planning for the 99%
Sept. 28 from 1-2:45pm ET
Free with CPE for PFP/PFS members.

Post-Mortem Planning
Oct. 19 from 1-2:45pm ET
Discounted CPE.

Tax Planning with Life Insurance
November TBD
Discounted CPE.

Divorce Taxation
December TBD
Discounted CPE.

Other Upcoming Webcasts
Tax Practice Monthly: Adding Virtual Client Meetings to Your Practice
Speaker: Jimmy Williams
June 16, 2016 from 1:00 – 2:00pm ET
Discounted CPE.

Upcoming Conferences:
Final reminder! Tax Strategies for the High Income Individual
May 24-25, 2016
Discounted CPE.

Advanced Estate Planning Conference
July 18-20, 2016
Discounted CPE.

Sophisticated Tax Planning for Your Wealthy Clients
November 10-11, 2016
Discounted CPE.

National Tax Conference
November 14-15, 2016
Discounted CPE.

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

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