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 ( www.consultaplanner.org ). 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 ( www.aicpa.org/financialliteracy/index.asp ) 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.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.