Website helps CPAs and clients plan for life and beyond
A monthly look at applications, gadgets, and other technology that can improve a CPA’s job and life. This month: Everplans.com.
Personal Financial Planning
Great time for a GRAT
Grantor retained annuity trusts may be an optimal wealth-transfer vehicle for many.
Standing Ovation program recognizes CPAs for contributions to PFP
Seven CPAs under the age of 40 were recognized under the Standing Ovation program for their contributions to personal financial planning.
Ward receives P. Thomas Austin PFP Scholarship
Richard L. Ward, president of Capital Configuration LLC in Pittsburgh, received the 2019 P. Thomas Austin Personal Financial Planning (PFP) Scholarship.
Tillery receives PFP Distinguished Service Award
Susan Tillery, president and co-founder of Paraklete Financial Inc., received the AICPA’s 2019 Personal Financial Planning (PFP) Distinguished Service Award.
Kessler honored for lifetime achievement in PFP
Stuart Kessler, who was tax director for CohnReznick in New York City, received the Stanley H. Breitbard Lifetime Achievement in Personal Financial Planning Award.
Children’s average allowance in 2019: $120 a month
An overwhelming 92% of American parents say it is very important that children understand how to effectively manage their money, according to a new poll conducted for the AICPA by The Harris Poll.
IRS issues 2019 to 2020 per-diem rates for traveling away from home
The IRS issued its annual notice specifying the special per-diem rates, including the transportation industry meal and incidental expenses rates, the rate for the incidental-expenses-only deduction, and the rates and list of high-cost localities for purposes of the high-low substantiation method.
Auditors get high marks, but non-US market optimism sags
Retail investors’ confidence in audited financial information has risen to near record highs, but confidence in markets outside the United States has plunged.
Financial planning for clients who have suffered traumatic brain injuries
CPAs need to be prepared to assist clients and their families facing new financial problems due to changing health care needs.
8 recession signals to monitor
Take a look at data points market watchers are following for signals of a potential U.S. recession.
7 in 10 young workers prefer freedom to job security
Seventy percent of young adult job seekers say the freedom of being their own boss is worth more than the benefit of job security working for someone else, according to research conducted by MAVY Poll on behalf of the AICPA.
How CPAs can help family businesses with succession planning
Jonathan Flack, CPA, discusses why leaders of family businesses have such a difficult time with succession planning and what CPAs can do to help them.
The non-CPAs every CPA should have in their network
CPAs who also hold PFS credentials offer advice for establishing an extended network of other professionals to help serve clients.
Digital assets after death
Estate planning should account for a client’s digital assets, which often have significant financial or sentimental value.
Stock market surge boosts financial satisfaction
Stock market growth, among other factors, has kept Americans’ personal financial satisfaction positive in Q2 of 2019, according to the AICPA’s Personal Financial Satisfaction Index (PFSi).
The father of the 401(k) on how his invention has reshaped retirement
Ted Benna talks about how and why he came up with the 401(k), its advantages and drawbacks, how he’d change it if given the chance, and how it’s reshaped retirement.
CPAs discuss hot topics in financial planning, tax, and technology
Five CPA financial planners discuss hot topics in personal financial planning, tax, and firm practice management.
Prepare clients for a sudden elder health care crisis
This article discusses the challenges your clients could face when suddenly needing to move a parent to long-term care, along with ways you can help them prepare.
What to say to grieving clients
Grief expert Amy Florian, CEO of consulting company Corgenius and a speaker at ENGAGE, suggests some dos and don’ts when supporting clients who have suffered a loss.
