Wealth management news

Practice

10 Things to Consider Before Referring a Financial Advisor

By referring an advisor, you can help your clients, many of whom need professional advice. But how can you know when the financial advisor you are referring is competent and ethical?
Practice Development

Accountants Use Their Skills in Divorce Arena

The fallout from divorce can wreak financial havoc long after the dust in the courtroom has settled. Accountants can help both parties move forward, thanks to their unique knowledge and skills.
Wealth management

How to Steer Clear of the Mutual Fund Tax Trap

Accountants are not wealth managers, but wealth management decisions have important tax consequences. It's good business to help clients avoid unnecessary investment-oriented tax bills.
Wealth management

How to Strategize Your Charitable Contributions

Charitable contributions provide great flexibility: You can use checks and credit cards down to the wire, and donated property can give you a lot of tax-savings bang for your buck.
Wealth management

How to Find the Cap Gain Tax Balance

Accountants often have to deal with the results of any investment advice clients obtained during the year, so it's a good idea for them to become adept at the deceptively tricky cap gains rules.
A&A

SEC Cracks Down on the Golf Course

Summer is a time for kicking back and playing a few round of golf with friends, for example. But if you're on the green, you'd better be careful: The SEC may be looking over your shoulder.
Wealth management

Last Chance For Multiple IRA Rollovers

A surprising Tax Court case has shut down a tax planning technique that savvy retirement-savers have been using for years. But there's still a small window of opportunity if you need it, until the new year, to give investors time to adjust.
Wealth management

Getting 'Down and Dirty' With a PIG

Clients may want to invest in a Passive Income Generator to absorb some of their suspended losses from other passive activities. This strategy is a twist on the classic tax shelter
Practice

JDJ Resources Corp. Leaders Split from Rothstein Kass

The founders of JDJ Resources Corp. said on Wednesday they have left the Rothstein Kass Family Office Group to launch JDJ Family Office Services, which will provide administrative multifamily office and personal CFO services.
A&A

Deal with Rothstein Kass Makes KPMG US Hedge Fund Leader

KPMG officials said the acquisition, which will be finalized in the coming weeks, will boost the Big Four firm’s presence in the alternative investments industry and capital markets, including hedge funds.
Practice Management

Know the Roth 401(k) Rules—Or Get Left Behind

Half of all employers now offer Roth 401(k)s, and they're proving popular with young affluent employees. Accountants should educate themselves on their provisions.
Practice

New IRS Program to Give Penalty Relief to Small Business Retirement Plans

The one-year pilot program that will start in June is intended to help small businesses with retirement plans that owe penalties for unknowingly failing to file reporting documents.
Practice

How to Help Clients with Credit Problems

Maybe your job description doesn't include "credit repair specialist," but some of your clients likely have credit problems, and you should know how to give them some first aid. Help them separate the good advice from the bad.
Wealth management

TIGTA Investigates 'Missing' Alimony Payments

There's a $2.3 billion difference between what payers of alimony say they've shelled out and what recipients say they've received. TIGTA is very unhappy about this.
A&A

New Study: Paid-For Analyst Reports Can Benefit Investors

Recently published research by three accounting professors found that reports from paid-for stock analysts offer nearly the same relevant information to investors as reports from sell-side firms.
Practice Management

How to Avoid Self-Directed IRA Nightmares

As your clients' accountant, you may find yourself in the position of dealing with the messy aftermath of bad IRA decisions. Here's how to avoid self-directed problems.
A&A

Starting Salary for 2014 Accounting Grads Is $52,900: Report

The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National Association of Colleges and Employers.
Wealth management

New Rules—and Lawsuits—for Reverse Mortgages

Although reverse mortgages can help aged homeowners, they come with a lot of pitfalls, as recent rules and law cases show. Read the fine print before signing up.
A&A

Bramwell’s Lunch Beat: CAQ Ready to Pilot Test Set of Audit Quality Indicators

The menu for April 25 features specials on France objecting to Google’s European tax structure, House Ways and Means Committee ready to move next week on tax extenders, and more.
A&A

Bramwell’s Lunch Beat: GAO Sheds Light on IRS Budget Woes

The menu for April 22 features specials on the IRS denying group’s tax-exempt status, what the airline industry and the IRS have in common (and it’s not good), if sales taxes will doom Amazon, and more.

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