The power of combining tax knowledge with financial planning

Featuring Lisa Featherngill, CPA/PFS, and Brooke Salvini, CPA/PFS


Video transcript:

Lisa Featherngill, CPA/PFS
Managing Director – Wealth Planning, Abbot Downing

Clients value me being a CPA planner because they know that I have got the background of a CPA and they know that I can address the income tax issues that will come up as we are discussing various aspects of their financial planning.

I have been able to impact clients beyond the traditional areas of tax, particularly in the estate planning arena.

The skills that I developed as a CPA around income tax, estate tax, generation-skipping tax have all led me to be able to be a much more effective planner.

Brooke Salvini, CPA/PFS
Principal, Salvini Financial Planning

They are looking for a CPA and so that implies that they are looking for a little extra technical knowledge in the tax area. You know, most financial services professionals, that’s not their background; they have probably come from somewhere else.  

So I think more and more clients are sophisticated, and they realize how important tax planning is to their overall financial health.

For more information on personal financial planning, visit aicpa.org/pfp

Where to find February’s flipbook issue

The Journal of Accountancy is now completely digital. 

 

 

 

SPONSORED REPORT

Get Clients Ready for Tax Season

This comprehensive report looks at the changes to the child tax credit, earned income tax credit, and child and dependent care credit caused by the expiration of provisions in the American Rescue Plan Act; the ability e-file more returns in the Form 1040 series; automobile mileage deductions; the alternative minimum tax; gift tax exemptions; strategies for accelerating or postponing income and deductions; and retirement and estate planning.