IRS raises per diem standard rates for business travel
Under Notice 2022-44, the high-low method rates will be slightly higher and the list of high-cost localities in the continental United States is revised, both effective Oct. 1.
Personal financial planning
Stretching retirement dollars by living abroad
Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.
A quick tour of student loan forgiveness, a quiz, and a letter to the IRS
This express podcast episode with transcript hits the highlights of recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter urging penalty relief from the IRS, and more.
Financial planning impacts of the Inflation Reduction Act
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
Student loan forgiveness: Advice from a CPA financial planner
Brianne C. Smith, a member of the AICPA Personal Finance Planning Executive Committee, discusses how she’s going beyond the headlines to help her clients maximize their savings.
Help clients make 3 critical shifts in retirement
Retirees need to learn to look differently at spending, taxes, and powers of attorney.
Investing and inflation: Not mutually exclusive
Although investing in times of high inflation can be tricky, tried-and-true principles of having a well-diversified portfolio and not panicking still hold.
3 strategic uses for Roth IRAs beyond retirement
A Roth IRA can serve as a backup vehicle for pursuing multiple savings goals.
Susan M. Tillery, CPA/PFS
Susan M. Tillery, CPA/PFS, is president and co-founder of Paraklete Financial Inc. and co-owner of Financial Planning Advocate LLC, both in Kennesaw, Ga.
How to advise clients buying vacation rental property
CPA financial planners can help vacation rental owners to maximize profit and peace of mind and minimize surprises.
Hiring family members in a small business
Employing children and other relatives in a family business can yield tax advantages, but there are potential drawbacks to consider.
Building a tax-efficient retirement income plan for clients
For retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year.
Adopting a child: Tax planning considerations
Parents pursuing an adoption can use a CPA’s advice.
Help clients achieve flexible spending in retirement
Does the 4% rule still make sense? A CPA financial planner discusses how advisers can help ensure their clients can spend with flexibility throughout retirement.
ENGAGE emcee: Why inflation could cause retirement U-turns
Hear or read this conversation with a CBS News business analyst on top questions asked of financial planners and what role inflation and tax rates may play.
How CPA financial planning firms can move forward post-pandemic
Firms and clients are both reassessing their priorities in the wake of the pandemic.
Helping retirement plan participants understand their net worth
Two easy mistakes seen in retirement planning involve valuation of pensions and improper net-worth comparisons.
The pros and cons of delaying Social Security
Make sure your decision about when to claim Social Security benefits is an informed one that takes into consideration your expected longevity along with various financial and other factors.
‘SECURE 2.0’ would further expand retirement savings options
Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.
Roth IRAs: Are they right for your client?
The choice between a Roth IRA and a traditional IRA in saving for retirement depends on the person’s age, tax bracket, expected future earnings and other factors.
