Staffing a wealth management practice

The wealth management business as we currently know it is far less mature than the CPA or legal professions. After all, the Certified Financial Planner certification was only born in 1972 and the Certified Financial Planner Board of Standards was founded in 1985. With far less history than the CPA profession, the financial planning or…

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CFOs worried about economic impact of coronavirus

Most CFOs polled by PwC expressed great concern for their business and 80 percent anticipate COVID-19 will decrease their revenue or profits this year. Original Article Posted at : https://www.accountingtoday.com/news/cfos-worried-about-economic-impact-of-coronavirus

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IRS postpones deadline for gift and GST taxes due to coronavirus

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-relief-on-gift-and-generation-skipping-transfer-taxes-due-to-coronavirus

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A Visual Guide to Unemployment Benefit Claims

On March 26, weekly initial unemployment benefit claims hit the highest level in U.S. history, with five times as many filed as during the worst week of the Great Recession. Mandatory business closures and shelter-in-place orders have radically accelerated job losses compared to the steadier pace of layoffs in prior recessions, meaning these claims likely…

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Navigating the coronavirus crisis

AICPA executives Mark Koziel and Carl Peterson shares strategies, tactics and resources for CPAs trying to make their way through the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/podcast/navigating-the-coronavirus-crisis

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