Thank you for allowing us the honor and privilege to serve you. We are truly grateful for your membership. We wish you and your loved ones a Happy Thanksgiving – Andrea, Dan, Sarah, Sandra and Maritza
Getting technology right in your practice
Recently, Ted Sarenski, CPA/PFS, interviewed several CPA financial planners to talk about how they are using technology in their practices to serve clients and improve their practice. Read the article here and listen to the podcast for a deeper dive.
Virtual currencies and IRS revenue ruling 2019-24
In this episode, virtual currency experts Ryan Firth, CPA and Shehan Chandrasekera, CPA discuss what you need to know about the recent IRS revenue ruling on virtual currencies to help you advise your clients:
• What is virtual currency and cryptocurrency?
• What are hard forks and airdrops?
• What are the key takeaways from the IRS Q&A?
• What are the practical challenges you need to be aware of?
• How can you help your clients who transact in cryptocurrency?
Bob Veres Inside Information: change your value proposition with life planning
The latest edition of Inside Information from Bob Veres includes stories on:
• Back to Why: Implement life planning with your clients and change the value proposition
• Practice Management: Is 55ip software or a tamp?
• Client Services: the easy way to become an expert in Medicare advice
IRS issues final clawback regulations
In IR 2019-189, the IRS announced the issuance of final regulations addressing the effect of recent legislative changes to the basic exclusion amount allowable in computing Federal gift and estate taxes Bob Keebler, CPA/PFS, reports. Listen to the podcast and read the text of the new regulations, courtesy of Leimberg Information Services, Inc.
College Board releases 2019-2020 college cost data
The College Board has released college cost data for the 2019-2020 school year in its annual Trends in College Pricing report. Costs are national averages. This new Broadridge client alert discusses cost data, the FAFSA timeline and formula, net price calculators, and student debt. You can access dozens of ready-to-use pieces on funding college in the Saving for College Life Event Center as well.
Your input requested: PFP trends survey
As a CPA financial planner, you are in a unique position to speak knowledgeably about financial planning issues with business owner and elderly clients. The new PFP trends survey will explore those topics and we would appreciate your insights. Once published, you can use the results to introduce yourself to your local print, radio, or TV journalists and establish yourself as one of their go-to experts.
Advocacy for you: helping those affected by disasters
On November 18, the AICPA commented on the automatic extension of filing deadlines for taxpayers affected by federally declared disasters.
Spousal rollover of IRA payable to joint trust
In PLR 201944003, the IRS ruled that a surviving spouse could roll over to an IRA in her name an IRA whose designated beneficiary was a joint revocable living trust. Read the text of the ruling and listen to the podcast, courtesy of Leimberg Information Services, Inc.
Wanted: A young CPA leader
The AICPA Outstanding Young CPA Award in honor of Maximo Mukelabai recognizes a standout CPA 40 or younger who exemplifies excellence in service. Please submit your application by December 15th.
Year-end tax and financial planning strategies: part 2
Significant tax law changes are still hot topics in media and political landscapes, and your clients are still scratching their heads wondering what these changes mean for them. Now is the time for you to guide them in planning for their financial future. In this episode, Bob Keebler, CPA/PFS, will discuss year-end planning strategies to help you advise your clients.
Broadridge alert explains IRA and retirement plan limits for 2020
Many IRA and retirement plan limits are indexed for inflation each year. On November 6, 2019, the IRS (Notice 2019-59) announced the inflation-adjusted numbers for 2020, which can be found in this client alert.
Bob Veres media reviews: Roth conversions, listening to clients
Save time and stay ahead of the curve by reading Bob’s write-ups of articles in the November Financial Advisor issue like:
“On Your Guard” (Roth conversions) by Ed Slott and “Locating Clients’ Own World” (listening) by Mitch Anthony.
Just updated: the estate planning certificate
Are you on the path to the CPA/PFS? Or maybe you’re just looking to brush up on this topic and get CPE before the year is over. Take advantage of the newly updated estate planning certificate which reflects planning changes due to the closer connection between estate and income taxation after TCJA.
The PFP Certificate courses highlight both the integration and importance of tax planning with each topic and how decisions in each area can have impacts in other areas. This approach, coupled with the AICPA’s PFP Standards, emphasizes the value of the CPA financial planner’s role with their clients.
SEC proposes new advertising rules
On November 4, the SEC proposed amending rules 206(4)-1 and 206(4)-3 under the Investment Advisers Act of 1940, which govern advertisements and cash referrals. The updates are intended to reflect changes in technology, investor expectations and the evolution of industry practices.