You Are Here: Home » QuickPress (Page 5)

Do You Know Where Your Client Data Is?

No financial technology innovation has saved advisors more time than when custodians began transmitting data files to firms.  Prior to this change, client data was updated by taking statements and keying them into the portfolio accounting system.  At the end of each quarter, statements were stacked thick and the data entry sprint began so that client reporting and billing could be completed. To read the ful ...

Read more

Could this Simple Social Security Strategy Solve the Retirement Crisis?

The key to implementing this suggested strategy is establishing auto-IRA plans to workers who lack a 401(k) option with a preset percentage of wages to be contributed to the plan.  This would create a retirement nest egg that would not be linked to any one employer, but rather would stay with the worker throughout a career. To read the full article in FinancialPlanning, click: Could this Simple Social Secur ...

Read more

Tax Treaty Benefits for U.S. Citizens and Residents

Taxpayers with income that flows to or from a country that has a tax treaty with the United States should understand how that treaty's provisions can affect their U.S. taxes. To read the full article in The Tax Adviser, click: Tax Treaty Benefits for U.S. Citizens and Residents. ...

Read more

How to Give Constructive Criticism That Gets Results

Offering constructive criticism is an essential part of being a manager.  Thoughtful feedback improves communication with staff members while encouraging them to grow.  Show how small changes can be part of the big picture. To read the full article in the Journal of Accountancy, click: How to Give Constructive Criticism That Gets Results. ...

Read more

Engagement Letter Stories—When They Hurt and When They Worked

As a risk management professional at CNA, professional liability insurance carrier for nearly 25,000 CPA firms, I am often asked if engagement letters are worth all the effort.  The answer, based on my personal and CNA’s claim experience, is a resounding YES!  I’ve experienced firsthand the value these letters bring to the table. To read the full article in AICPA, click: Engagement Letter Stories—When They ...

Read more

New Tax Law, More Business for Financial Advisors

Soon after President Trump signed the bill, some wealthy clients who owned businesses needed to know if they could save on taxes by buying manufacturing equipment in 2017.  Others needed advice on whether to pay state income tax by Dec. 31 if they were not subject to the alternative minimum tax. To read the full article in FinancialPlanning, click: New Tax Law, More Business for Financial Advisors. ...

Read more

FASB Addresses Stranded Income Tax Effects of New Tax Law

Under the new FASB rules, financial statement preparers are provided an option to reclassify stranded tax effects within accumulated other comprehensive income in each period in which the effect of the change in the U.S. federal corporate income tax rate in the Tax Cuts and Jobs Act (or portion thereof) is recorded. To read the full article in the Journal of Accountancy, click: FASB Addresses Stranded Incom ...

Read more

How AI, Blockchain, and Automation Will Reinvent Accounting

The accounting profession sits on the cusp of unprecedented change.  Transformative technologies will reshape virtually every corner of the accounting world.  For CPAs to survive and thrive, they will need to learn—and unlearn—on a scale and at a pace that can seem overwhelming.  To help CPAs prepare, the JofA gathered three of the profession’s top technology experts for its annual accounting technology rou ...

Read more

Ten Key Findings: Sexual Harassment in the Professional Workplace

This article highlights a broad, industrywide study of the impact and implications of sexual harassment across professional communities, including banking, payments, mortgages, financial advisory, accounting, health care, employee benefits and capital markets (including municipal finance and M&A advising). To read the full article in FinancialPlanning, click: Ten Key Findings: Sexual Harassment in the P ...

Read more

No One’s Sure Who Qualifies for this $415B Tax Deduction

Congressional Republicans created a juicy new tax break for clients when they rewrote the U.S. tax code late last year.  Three months later, hundreds of thousands of them still do not know if they qualify.  The IRS has said it will provide guidance detailing exactly who is allowed to take the so-called pass-through deduction.  With billions of dollars at stake, business groups are lobbying for the agency to ...

Read more

Accountants Reveal What Inspires Them Every Day

Day in, and day out, how do you stay inspired?  We asked nine accountants what inspires them and what advice they would give to help others in the profession find that inspiration. To read the full article in the Journal of Accountancy, click: Accountants Reveal What Inspires Them Every Day. ...

Read more

FINRA Helpline Aims to Aid Smaller Firms, but Concerns Arise

FINRA has launched a helpline to provide firms with direct assistance and answers to general and routine FINRA related questions, as well as direct callers to the proper regulatory staff and other departments. The effort is part of its FINRA360 organizational improvement program. To read the full article in FinancialPlanning, click: FINRA Helpline Aims to Aid Smaller Firms, but Concerns Arise. ...

Read more

Risk Tolerance: The Misperception that Keeps Hurting Clients

Before investing client assets, advisors are required to assess a client’s risk tolerance. If the investor takes on more risk than they can endure, they are likely to lose more money than they can stomach when the inevitable bear market comes. And even if the market recovers, there’s a risk that the investor will panic sell at the bottom of the market. To read the full article in Financial Planning, click: ...

Read more

How to Create More Quality Family Time

The world is more hectic than ever.  Busy professionals often struggle to escape the career treadmill, and omnipresent technology keeps us working around the clock.  Dinnertimes eaten up by e-mails and weekends lost to client calls create a costly intrusion.  When free time becomes scarce, family activities frequently get moved down the to-do list. To read the full article in the Journal of Accountancy, cli ...

Read more

Wealth Management Fares Worst in Broad Study of Sexual Harassment

When a male co-worker got too close for comfort, he drove a financial advisor to leave a regional brokerage firm where she had been working for years.  He gave other female colleagues shoulder rubs that they “did not want, nor ask for," said the advisor, who requested anonymity to share her story. To read the full article in FinancialPlanning, click: Wealth Management Fares Worst in Broad Study of Sexual Ha ...

Read more

Five Questions to Ask Your Estate Planner After the New Tax Law

The new tax law could affect existing estate plans, so now is a good time to review documents with clients.  Clients may need guidance in five areas, including the impact of the law on state-level estate taxes. To read the full article in Next Avenue, click: Five Questions to Ask Your Estate Planner After the New Tax Law. ...

Read more

Fee Disruption is Coming

Some of the most disruptive business models that the world has ever known have succeeded through the use of cross-subsidies—the act of giving away for free something that consumers were previously paying for. To read the full article in FinancialPlanning, click: Fee Disruption is Coming. ...

Read more

©2018 NACVA and the Consultants' Training Institute • (800) 677-2009 • 5217 South State Street, Suite 400 Salt Lake City, UT USA 84107

event themes - theme rewards

UA-49898941-1
lw