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Some of the Biggest Estate-Planning Mistakes People Make

Estate Planning Missteps Create a Burden for Beneficiaries Mistakes such as failing to create an inventory of assets, having too many accounts or not including a see-through provision in a trust can complicate matters for beneficiaries who are left behind after a client dies.  Proactive planning can help simplify the situation for a client's loved ones. To read the full article in Kiplinger, click: Some of ...

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Accomplishing Estate Planning Goals through the Use of Partnership Income Tax Rules

Try this Tactic to Minimize Generation-Skipping Taxes Generation-skipping taxes and other issues can complicate the process of transferring wealth from one generation to another.  William Kriesel, CPA, PFS, explains how giving relatives a partnership interest in a family business can overcome some of these challenges. To read the full article in The CPA Journal, click: Accomplishing Estate Planning Goals th ...

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Use These Homegrown Tools to Figure out if You Could Retire Early

How to Retire in Your 30s or 40s The FIRE (Financial Independence, Retire Early) movement encourages people to save as much as half of their income in their early years so they can retire sooner and focus on other pursuits as they live off their investment portfolio.  Tom Anderson provides several retirement calculators and tools geared to the FIRE movement. To read the full article in CNBC, click: Use Thes ...

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U.S. Small Business Borrowing Drops to Six Month Low

Small Business Borrowing Falls to Lowest Point Since October Small business borrowing fell in April to its lowest point since October and was down five percent from April 2016, according to the Thomson Reuters/PayNet Small Business Lending Index.  The drop is seen as an indicator of potentially slowing economic growth. To read the full article in Reuters, click: U.S. Small Business Borrowing Drops to Six Mo ...

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Why Financial Planning Makes Sense for CPAs

How Personal Financial Planning Complements CPA Practices Adding personal financial planning services can help CPA firms build stronger bonds with clients and open up opportunities for referrals, writes Stuart Kessler, CPA, PFS.  He shares several techniques that can help your PFP practice, beginning with helping clients feel relaxed and comfortable during initial meetings.  CPAs who are interested in addin ...

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Consequences of Complex Capital Structures—A Coda or a Bridge?

In earlier blog posts we discussed the potentially pernicious effect of a decline in the value of pre-public companies on equity compensation granted to employees.  Sujan Rajbhandary, senior member of Mercer Capital’s Financial Reporting Valuation Group, explains that unlike preferred investors, employees also depend on their employers for current income. To read the full article in Mercer Capital's Financi ...

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Social Security: Help Clients Grab Every Last Dollar of Benefits

When helping clients claim Social Security benefits, past planning strategies may act as the best guides.  Over the last several months, we published dozens of stories including insight from advisers and analysts on Social Security planning tips and strategies.  Some of these include insight related to long-term funding issues, clients working abroad, evaluating the impact of taxes as well as tips for deali ...

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Amazon, Whole Foods, and Value Implications

When and how do externally-driven events affect company value?  What certain events constitute meaningful data points from a valuation perspective?  And are they benchmarks or outliers?  Lucas Parris, senior member of Mercer Capital’s Financial Reporting Valuation Group, explains. To read the full article in Mercer Capital's Financial Reporting Blog, click: Amazon, Whole Foods, and Value Implications. This ...

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Is it Time to Ban Meetings?

Unproductive meetings are unpopular with workers and costly for businesses.  Experts advise companies to treat meetings as a last resort and to focus on making the meetings they do have more efficient. To read the full article in InTheBlack, click: Is it Time to Ban Meetings? ...

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Does it Matter Who Drives Uber?

Acknowledged king of the unicorns, Uber has raised over $8.8 billion of private funding since its founding in 2009, most recently at an equity value reported to be on the order of $70 billion.  In the wake of a highly-publicized internal investigation of the culture at the ride-sharing firm and a recent personal tragedy, founder Travis Kalanick is reportedly contemplating a three-month leave of absence from ...

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IRS Notice Response Tips Everyone Should Know

Knowing what to do when your client receives a notice from the Internal Revenue Service can be a useful skill.  Here are 13 pointers, from what to do when the IRS sends a notice of deficiency to whether to extend the statute of limitation. To read the full article in The Tax Adviser, click: IRS Notice Response Tips Everyone Should Know. ...

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Three Tips to Manage Sustainability Risks and Drive Value

Having a holistic understanding of your company's financial situation and value drivers is necessary to assess the organization’s performance, risks, challenges, and opportunities and drive long-term growth.  Learn three ways finance professionals can manage environmental, social, and governance risks. To read the full article in AICPA Insights, click: Three Tips to Manage Sustainability Risks and Drive Val ...

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IPO Supply and Demand

The stock market rallied in the first five months of the year, with the Dow Jones and S&P 500 reaching record highs and continuing to climb.  Megan Richards, financial analyst with Mercer Capital, explains though, that IPOs remain scarce compared to prior years. To read the full article in Mercer Capital's Financial Reporting Blog, click: IPO Supply and Demand. This article is republished from Mercer Ca ...

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Leveraged Spinoffs Removed From IRS No-Ruling List

The Internal Revenue Service issued a revenue procedure stating that it will once again issue letter rulings to taxpayers on whether a corporate reorganization in which debt is issued before a spinoff qualifies for nonrecognition treatment, which it has not ruled on since 2013.  Sally Schreiber, senior editor for Tax Adviser, explains. To read the full article in The Tax Adviser, click: Leveraged Spinoffs R ...

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How to Talk to Your Clients About Selling a Business

Whether it be retiring, shift in life path, or just moving in a different direction, Financial Planning presents a video on what to discuss with your clients and their all-important decision to sell. To read the full article in Financial Planning, click: How to Talk to Your Clients About Selling a Business. ...

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Crowded Out?

In October 2015, the SEC adopted final rules governing the crowdfunding of startups and Regulation Crowdfunding was issued in May 2016.  The new rules allow non-accredited investors to invest directly in startup (and other) companies that can raise up to one million dollars every twelve months through crowdfunding.  Now, a year after Regulation Crowdfunding came into effect, Samantha Albert, senior financia ...

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Six Ways to Fraud-Proof your Retirement Savings

Fraudsters target people of all ages, but older adults with retirement savings are particularly lucrative targets.  And the consequences of fraud and exploitation can have a devastating impact on older adults who depend on their retirement savings after they leave the workforce.  Steve Vernon provides some very helpful tips towards preventing this despicable crime. To read the full article in CBS Money Watc ...

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FASB Assessing Efficiency, Effectiveness of GAAP Taxonomy

FASB is considering making changes to the U.S. GAAP financial reporting taxonomy that would be intended to improve the taxonomy's usability and the processes that support taxonomy-related activities.  Ken Tysiac, JofA editorial director, explains. To read the full article in the Journal of Accountancy, click: FASB Assessing Efficiency, Effectiveness of GAAP Taxonomy. ...

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