Professional Issues


The AICPA Personal Financial Planning (PFP) Executive Committee has been tracking the SEC’s activities relating to its final rule, “Certain Broker-Dealers Deemed Not to Be Financial Advisers” ( www.sec.gov/rules/final/34-51523.pdf ), which exempts certain fee-based broker-dealers from the provisions of the Investment Advisors Act of 1940. The SEC is conducting a study to determine how best to reduce investor confusion regarding the rule and whether to make changes in the regulations governing broker-dealers and investment advisers. Meanwhile, the committee continues to monitor the SEC’s activities regarding the rule and the study, and it seeks members’ comments on how the rule will affect their brokerage, investment advisory or financial planning practices. Send comments to rryan@aicpa.org .

SPONSORED REPORT

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.

QUIZ

News quiz: IRS warning on cyberattacks and a change in pension rules

Once again, the IRS sounds the alarm about a threat from cyberthieves. See how much you know about this and other recent news with this short quiz.

CHECKLIST

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.