In a change that may affect financial advisors and tax professionals’ clients, the agency reversed course on a position it took seven years earlier.
Archives for 2024
Weekend Reading For Financial Planners (January 13-14)
Enjoy the current installment of “Weekend Reading For Financial Planners” – this week’s edition kicks off with the news that the Securities and Exchange Commission this week authorized 11 Spot Bitcoin Exchange-Traded Funds (ETFs), which could provide financial advisors and their clients with a convenient way to invest in the cryptocurrency without many of the […]
The Accounting Technology Lab Podcast: Jan. 2024 – Recap of Thomson Reuters Synergy Conference – CPAPracticeAdvisor.com
The Accounting Technology Lab Podcast: Jan. 2024 – Recap of Thomson Reuters Synergy Conference CPAPracticeAdvisor.com
Kitces & Carl Ep 129: How Autonomy, Experience, And Team Drive Advisor Wellbeing
As the beginning of the new year invites a fresh start, it’s a fitting time to reflect on our own wellbeing and the elements that make us happy in life. While many believe they understand what brings them joy, it can be difficult to recognize the patterns that consistently enhance wellbeing and happiness. The most […]
Taxpayer advocate: IRS again fails tax pros with PPS call answer rate
In an annual report to Congress, the national taxpayer advocate says the IRS should prioritize improving service on the practitioner priority service line, which had a 29% call answer rate.
New RIA platform bets on unique business model: No private equity money
For advisors seeking a type of independence that defies industry norms of success, two female CFPs have launched a co-op promising to be a firm of one’s own.
SEC accepting Professional Accounting Fellow applications
The SEC’s Office of the Chief Accountant is accepting applications for Professional Accounting Fellow positions that will begin in the summer of 2024.
County Durham advice firm fails
County Durham-based firm D&G Financial Services Ltd (FRN: 208521) has been declared in default by the Financial Services Compensation Scheme. The compensation body has so far received two claims against the firm relating to pension advice and British Steel Pension Scheme transfers. So far one claim has been upheld, triggering the FSCS default process. The […]
Using ‘Magic Wand’ Questions To Help Clients Articulate Financial Needs And Goals (That They Otherwise Struggle To Express)
In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan. Asking direct queries may elicit vague responses like “I want to be on track for retirement”, which tends to lack the detail needed to plan effectively and spark the […]
Accountants after dark: Evening work is common, research finds
More than one-third of month-end closing tasks were completed after 7 p.m., according to a software company’s review of its users’ habits.