Financial Planning

The AICPA and five other organizations joined forces to sponsor the Project for Financial Independence, which offers free financial planning advice to individuals in need ( ). Also participating are the Certified Financial Planner Board of Standards, the Financial Planning Association, the National Association of Personal Financial Advisors, the National Endowment for Financial Education and the Society of Financial Service Professionals. Following its December 2003 survey, which found strong member support for allocating AICPA resources to developing the public’s financial literacy, the Institute established a Web site ( ) describing its related efforts and promoting those of the state societies. Of the more than 1,800 members who had participated in the poll, 95% said financial literacy was extremely or very important. Fifteen percent said they were active financial education volunteers, and 87% of those not currently donating their time said they would consider it. Those interested in offering pro bono services can contact the AICPA at 201-938-3750.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.