| PFP News |
Optimizing incentive stock options
In this podcast, Nadine Lee, CPA/PFS, shares strategies and cases related to optimizing incentive stock options. She answers the questions:
• What are the three ways that clients take action on incentive stock options?
• What are the requirements of ISOs?
• What can CPA financial planners do to help clients navigate this complex area of planning?
• How do ISOs factor into a tax-smart comprehensive financial plan?
October is Financial Planning Awareness Month: client-friendly webcast on tax and financial planning tips
October is Financial Planning Awareness Month. Now is the perfect time to remind your clients and prospects about the need for financial planning. This Broadridge concept piece highlights the importance of planning for your financial future and provides an overview of the financial planning process. To supplement this, be sure you’ve invited your contacts to attend the plain English webcast next week on tax and financial planning tips for the end of the year.
Please participate in the Bob Veres software survey
Joel Bruckenstein and Bob Veres conduct a software survey each year. They are asking the planning and advisor community to participate in the 10-minute, easy-to-complete survey, and as a PFP Section member, you’ll get access to the results next spring as part of the Technology Toolkit.
Construction and Modification of Trust Do Not Jeopardize GST Exemption
In PLR 201938004, the IRS held that a trust remained GST-exempt after a judicial construction and modification, Bob Keebler, CPA/PFS, reports. Read the text of the ruling and listen to the podcast.
Did you recently add financial planning to your tax practice? We want to hear from you!
Your story could inspire others! We would like to write a story featuring a firm partner or owner who recently added or formalized a financial planning practice specifically to future-proof the value of their firm as part of their retirement plan. If you’d like to participate, email sandra.truitt@aicpa-cima.com.
Evolve your culture by attending the Personal Financial Planning Summit
The AICPA’s Personal Financial Planning Summit, taking place January 27-29 in Austin TX, will bring together a close-knit community of dynamic speakers and motivated attendees for discussion and connection.
Session spotlight: Evolve Your Client Services Culture to a Growth Culture with Nancy Bleek, MBA. In her presentation, Nancy will share tips on how to equip and empower your staff to help systematically evolve into a growth culture and the three barriers that stop G2 from embracing business development. AICPA PFP/PFS members pay a discounted rate of $1,095 when registered by December 13th. Space is limited so don’t delay registering.
CPA/PFS creates deeper relationships with your clients and prospects
Letting your clients know that you’re a CPA/PFS and what this means while doing their tax and financial planning naturally opens the door to deeper relationships and engagement opportunities. What’s stopping you from taking the next step and earning your CPA/PFS credential?
• Use the 5 PFP certificate programs to gain competence AND get your CPA/PFS.
• Or use the Online PFP Boot Camp to prepare for the comprehensive PFS exam.
Generate conversations and discover ways to add value
Are your clients coming to you for advice in all areas of their personal finances? You can likely help them by remaining the primary point of contact for all things that concern them. Try out the personal finance scorecard, if you haven’t yet, to generate conversations with existing clients and new prospects to uncover concerns and new ways to add value. You can even add your company name/logo to the back cover.
Do you know a young CPA/PFS? Nominate them for a standing ovation!
The Standing Ovation Program recognizes young CPA/PFS credential holders in personal financial planning (including tax, retirement, estate, risk management and investments) who exhibit exemplary professional achievement. Help spread the word to others in your firm that they can nominate you or others who are eligible; you may also self-nominate with a letter of recommendation from a partner, manager, or colleague. Review the eligibility and nomination requirements and submit this quick and easy online application.
Have you learned how to find your benefits on the PFP Section website?
Do you take advantage of all of the PFP Section benefits available to you as a member? Start by reviewing these short videos about how to navigate the section website. Make your membership work for you!
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The Adviser’s Guide to Retirement and Elder Planning: Practical Retirement Planningis updated!
In this guide, author Jim Shambo combines the importance of both the science and the art of delivering retirement planning advice. It’s not just what you know, but also how you are communicating that to clients and prospects. The 4th edition includes more planning ideas related to TCJA opportunities and changes with some retirement programs. Also included are post-retirement perspectives from the author on the subject as a retiree himself.
Total financial counseling for the executive
Does your client need help avoiding landmines when it comes to exercising stock options? What about making tax-smart decisions for someone who has a direct investment in the business? Learn what you need to know to help executive clients in this video, part of The Adviser’s Guide to Financial & Estate Planning video series.
Bob Veres media reviews: attracting prospects, working less and making better retirement decisions
Save time and stay ahead of the curve by reading Bob’s write-ups of articles in Advisor Perspectives like “The Right Way to use Google Reviews to Attract Prospects” by Lee Delahoussaye and “An Actuarial Process for Better Decisions in Retirement” by Ken Steiner.
Bob Veres Inside Information, The Dimensions of Leadership
The latest edition of Inside Information from Bob Veres includes stories on different way to train your employees, and a practice structure that may be much more efficient and profitable.
PFP peer profile: how Brooke Salvini, CPA/PFS, used tax as the springboard for PFP services
A recent study conducted by Glassdoor indicated that tax managers have the best job in the United States. In this recent blog article, Brooke Salavini, CPA/PFS, shared how her strong foundation of tax allowed her to evolve, forge stronger relationships with clients and offer personal financial planning services. Check out her thoughts on finding the financial DNA for clients and see how her story encourages tax managers to take their client relationships to the next level. |
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| Highlights in this Issue: |
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| Tax Section Spotlight |
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Get the essential guidelines for maintaining your client’s records and considerations for drafting a written document retention policy in these document retention FAQs |
| PFP Events Coming Soon |
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| More Learning Opportunities |
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| Frequently Accessed PFP Resources |
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