Financial Planning | AccountingWEB.com

Karen Goodfriend Receives AICPA's 2011 PFP Distinguished Service Award

01/26/2012 - 17:34 - 579 reads

On January 17, the AICPA recognized Karen Goodfriend's long history of service when it named her the recipient of its 2011 Personal Financial Planning Distinguished Service Award. The award is given annually to an AICPA volunteer who significantly contributes to the advancement of personal financial planning.

IRS explains dependent care credits for kindergarten costs

08/15/2011 - 23:35 - 2024 reads

As a new school year beckons, parents may be enrolling their young children in kindergarten and various other after-school programs. Can taxpayers claim the dependent care credit for any part of those expenses?

Tax tip: Summer day camp expenses may qualify for a tax credit

07/20/2011 - 03:30 - 2901 reads

Along with the summer come some extra expenses, including (possibly) day camp for children. It may be a pleasant surprise for some parents that the costs of sending their children to these camps may qualify for the child and dependent care tax credit.

Five questions to ask in your financial tune up

07/12/2011 - 00:29 - 2493 reads

Accountants from the Texas Society of CPAs have put together a collection of five key questions to ask yourself when doing a review of your personal finances.

New Baby Boomer budget item: Taking care of the parents

06/16/2011 - 12:53 - 3314 reads

It is estimated that nearly 10 million adult children over the age of 50 care for their aging parents. These Baby Boomers should be finalizing plans for their own retirement, but they are putting their parents first.

Tax Strategy: Set up a CRUT for a business sale

06/15/2011 - 04:36 - 1859 reads

If a client is planning to sell a business, the sale could result in a huge capital gain. But there’s a way to reduce the tax bill, provide for a comfortable retirement and help out a favorite charity – all in one shot.

April is Financial Literacy Month; financial fitness programs abound

04/07/2011 - 02:08 - 1861 reads - 1 comment

The end of busy season, when a client's financial position is in clear focus, is the best time to talk about ways to improve their personal and business financial management and results.

Plenty of reasons to hang on to a credit shelter trust

03/16/2011 - 11:59 - 2403 reads

Preserve credit shelter trusts for the future Are some of your clients looking to ditch their credit shelter trusts? Not so fast.

Forget retirement - let's work forever!

01/14/2011 - 12:06 - 2380 reads

Counting_coins,Retirement,Budget,Pension

Sixty percent of wealthy individuals say they never plan to retire. This group of "Neveretirees" is expected to grow over the next several years as more than 70 percent of respondents under the age of 45 say they will always be involved in some form of work.

Ohio youngsters FETCH! for financial literacy

11/10/2010 - 10:05 - 1903 reads - 1 comment

At a time when 77 percent of families in the United States are in debt, with 46.1 percent of those families holding credit card debt, the Ohio Society of CPAs is reaching out to educate youngsters about the value of a dollar.