Wealth management news

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.
Practice

Change May Come for Disaster Insurance

Legislation coming out of D.C. just might reduce homeowners' burden for disaster insurance. Think of it as a 401(k) plan for your home that covers preventive and rebuilding costs.
Wealth management

How FATCA Compliance Just Got Easier

Those who have to deal with the Treasury Department's mind-bending international tax rules have just caught a break.
Practice Management

How to Evaluate 529 Plans

There's a bewildering array of these powerful college savings plans; here are some tips on how to pick one.
Practice

How to Maximize Social Security Survivor Benefits

The Social Security "survivor benefit" is complex, and shrewd calculations and analysis are necessary to get the full amount you're entitled to.
Practice

Bonds: The Forgotten Stepchild

A CPA and CFP explains why bonds seem to be the forgotten category – and makes a case for their proper use.
Practice

Teach Clients to Be Tax Smart Year-Round

Tired of hearing clients complain about this year's tax bill? Now is the time to step up and do something about it.

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