Current PFP News 


Don't miss the new 3-part video podcast series on advisor burnout starting this week!

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PFP News

 

Member-Exclusive News, Resources and Events

 

April 19, 2017

In This Issue

Video Podcast Series: Banish Burnout: Boost Your Personal Efficiency, Effectiveness & Energy

Updated for 2017: Planning Charts from Bob Keebler

Early Bird Discount for Advanced PFP Conference Ends Next Week!

Broadridge Alert: Debt Ceiling: A Stop Sign for Federal Borrowing

Bob Veres Request: Productivity Tracker Software

Tomorrow! Free Financial Literacy Webcast – Invite Your Clients

Attend Morningstar Investment Conference at a Discount

CPA/PFS Corner: New: Self-Study Boot Camp Available; In-Person Boot Camp this June

Other News: A Perfect Record for the Domestic Asset Protection Trust; Podcasts: Relief for Termination of S Corp. Election and GST Consequences of Court-Ordered Modification; Leg/Reg: AICPA Testifies at Hearing on 2017 Tax Filing Season; Bob Veres Media Reviews: Aspire to be the Employer of Choice; By May 1: Nominate a Star CPA/PFS for a Standing Ovation

 

 

PFP News & Resources

 

Video Podcast Series: Banish Burnout: Boost Your Personal Efficiency, Effectiveness & Energy

 

With the first round of busy season behind many of our members, now is the perfect time to check in with yourself and take steps to regain control over your time and your business. This 3-part video podcast series offers practical personal development and time management techniques you can use immediately to regain control over a business that’s running your life.  Coach Maria Marsala provides you with the tools and action steps to build new personal and business habits. Kick overwhelm to the curb and live better.  Attack your to-do list with a re-energized attitude.  Learn how to find more time and create more energy for yourself.  Discover what’s holding you back and banish burnout for good!

Part 1:  Introduction to Burnout (Download Slides) - What is Burnout and How Did You Get Here? (15 to 20 min)

 

Identify the symptoms of burnout in your life (some will surprise you).

Take your first step off the hamster wheel and get back on course.

 

Do your “happy homework” and check back next week for Part 2!

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Updated for 2017: Planning Charts from Bob Keebler

 

As part of your member benefit suite, you have access to powerful planning tools and decision charts provided by Bob Keebler, CPA/PFS, to help you advise your clients on estate, retirement, and tax planning strategies. Some of the updated resources include:

 

DrawDown™ Strategies

Traditional IRA Distribution Flowchart

75 Best Income Tax Strategies for Financial Professionals to Generate TAX ALPHA™

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Early Bird Discount for Advanced PFP Conference Ends Next Week!

 

Register today for the Advanced PFP Conference and qualify for a $100 early bird discount (offer ends 4/28).  Additionally, PFP/PFS section members qualify for a section discount of $100.  AICPA ENGAGE is the profession's one-of-a-kind event to accelerate and advance your success, bringing together five of the AICPA's well-known conferences for four days of fresh ideas and breakthrough presentations and workshops — all under one roof. You can choose to attend only the Advanced PFP Conference or purchase a Mega Pass to access all conferences with all recordings and materials post conference. Within the top rated Advanced PFP Conference, you will continue to have the dedicated conference that you have come to count on each year with the highest quality, content, speakers and networking with your peers. You can choose from five tracks for focused learning: Wealth Management and Tax, Retirement Planning, Investment Management, Practice Management and Technology and Insurance/Risk Management.  You'll refine business strategies, implement new planning techniques, and learn a holistic approach to every life stage affecting your client's financial outlook.

Enhance your experience by registering to attend one of the following pre-conference workshops:

 

Building a PFP Services Business

George Kinder’s Seven Stages of Money Maturity

Personal Financial Planning Boot Camp

Planning for the $5-$12 Million Estate

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Broadridge Alert: Debt Ceiling: A Stop Sign for Federal Borrowing

 

The Bipartisan Budget Act of 2015 suspended the federal government's statutory debt limit--commonly called the debt ceiling—through March 15, 2017. That deadline came and went with little fanfare as Congress focused on other matters, but the debt ceiling cannot be ignored for long, and it's likely to become a focal point for negotiations on broad fiscal issues, including the federal budget and tax reform. Using this new client alert, help your clients understand how the debt ceiling relates to the national debt and annual budget deficits. Login to Broadridge and view the alerts on the homepage to access this alert.

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Bob Veres Request: Productivity Tracker Software

 

Bob is requesting comments and insight into any productivity tracker software that has helped you in your practice.  Drop Bob a line by emailing him here about what software you recommend and what you like about it.  He will be compiling replies and results in a future issue of Inside Information. 

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Tomorrow! Free Financial Literacy Webcast – Invite Your Clients

 

Don’t just file and forget your tax return.  Use it to create a well-rounded holistic financial plan.  David Stolz, CPA/PFS, in conjunction with 360 Degrees of Financial Literacy, will show you how a tax return can be a roadmap for achieving your life goals.  Register here and invite your clients to attend.

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Attend Morningstar Investment Conference at a Discount

 

At the Morningstar Investment Conference (April 26-28 in Chicago), you will learn about the latest developments on financial advice from the industry’s top minds.  Members receive a $100 discount; enter promo code MICAICPA17 when you register.

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CPA/PFS Corner

 

 

New: Self-Study PFP Boot Camp Available
This newly released self-study online CPE course is an informative and highly engaging systematic review of all personal financial planning (PFP) topics including tax, estate, retirement, investments, and risk management related topics as well as the Statement on Standards in PFP Services.  The PFP Boot Camp is designed for practitioners who want to brush up on the PFP body knowledge and for CPAs preparing for the PFS exam. Purchase the on-demand PFP Boot Camp course today to prepare for the summer PFS exam window in July. 

In-Person Boot Camp this June
Prefer to learn in person?  Register for the PFP boot camp taking place prior to the Advanced PFP Conference in Las Vegas this June.  Benefit from this informative and highly engaging review, including new areas of emphasis in elder/special needs planning and education planning. 

Having the CPA/PFS credential demonstrates unique expertise and added value to your clients.  It is the only financial planning credential specific to CPAs, combining the income tax and business knowledge of the CPA and the financial planning expertise of the PFS. 

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Other News

 

 

A Perfect Record for the Domestic Asset Protection Trust
In its 20-year history, Domestic Asset Protection Trusts (DAPTs) boast a perfect record for protecting debtors against judgments or settlement suits brought by creditors. In this newsletter from Leimberg Information Services, Inc., Steve Oshins looks back at the past two decades to see where DAPTs stand and how they have performed. Access these useful charts to help your clients plan where to set up dynasty and/or asset protection trusts. Additionally, Broadridge Advisor has several client-friendly materials and a case study on DAPTs.  Login and search for DAPT in the upper right corner to access these materials.

Podcasts: Relief for Termination of S Corp. Election and GST Consequences of Court-Ordered Modification
In PLR 201709015, the IRS granted relief for the inadvertent termination of an S corporation election, Bob Keebler, CPA/PFS, reports.  The text the ruling can be found  here and the podcast here, courtesy of Leimberg Information Services, Inc.

In PLR 201712003, the IRS ruled on the generation-skipping transfer tax consequences of a court-ordered modification to a trust, Bob Keebler, CPA/PFS, reports. The text of the ruling can be found here and the podcast here, courtesy of Liemberg Information Services, Inc.

Leg/Reg: AICPA Testifies at Hearing on 2017 Tax Filing Season
On April 6, the AICPA commented on IRS operations and the taxpayer experience in the 2017 tax filing season.  In the testimony, the AICPA urges the committee on finance to understand the confusion faced by tax practitioners, a lot of which is a result of delay in issuing guidance leaving many taxpayers confused with how to comply with new rules and how to plan ahead for the coming tax year. 

Bob Veres Media Reviews: Aspire to be the Employer of Choice
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 April’s Investment Advisor magazine, including those rated with high relevance like “Advisors’ Enduring Struggle” (strategic planning) by Matt Lynch and “Aspire to Be the Employer of Choice” by Mark Tibergien. Access other editions of media reviews, Inside Information and e-columns.

By May 1: 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.

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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-Hosted Webcasts:

Watch PFP News for registration links for upcoming events!

Tomorrow! 2017 Taxes: Start Your Money Plan Here
April 20 from noon-1pm ET
Invite your clients to this free financial literacy webcast. No CPE offered.

Next Week! Advising Clients on Planning for Education
April 26 from 1-2:15pm ET
Free with CPE.

Life Insurance Policy Review: What CPAs Need to Know When Serving Individual Clients
May 16 from 1-2:15pm ET
Discounted CPE.

Proactive Planning: Post-Tax Season

May 24 from 1-2:45pm ET.
Discounted CPE

Top Financial and Estate Planning Ideas
June 21 from 1-2:15pm ET.
Discounted CPE.

Evaluating Existing Variable Annuities
June 29 from 1-2:15pm ET
Discounted CPE.

Taking a Fresh Look at Reverse Mortgages
July 19 from 1-2:15pm ET
Discounted CPE.


Other Upcoming Webcasts:
Tax Practice Quarterly: Annual Tax Season Debrief
April 27 from 1-3pm ET
Discounted CPE.


Upcoming Conferences:

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

Building a Personal Financial Planning Services Business*
(ENGAGE pre-conference workshop)
June 10-11, 2017

George Kinder’s Seven Stages of Money Maturity Workshop*

(ENGAGE pre-conference workshop)
June 10-11, 2017

PFP Bootcamp*
(ENGAGE pre-conference workshop)
June 10-11, 2017

Planning for the $5-12 Million Dollar Estate*
(ENGAGE pre-conference workshop)
June 11, 2017

*To register for the ENGAGE conference, individual workshops, or bundle, click here to start the registration wizard; once you enter your personal information, you will be directed to the next page where you can select the event or combination of events you wish to attend.

2018 Personal Financial Planning Summit
January 7- 10.
Registration Coming Soon.

 

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