Financial Planning

The Financial Planning Coalition has called on Congress to support the Securities and Exchange Commission in establishing a fiduciary standard of care for broker-dealers.

The American Institute of CPAs’ Financial Reporting Executive Committee has published a working draft version of a revised practice aid for valuing equity securities issued as compensation for executives at private companies.

The American Institute of CPAs and the Society for Human Resource Management have introduced a new award for employers with successful financial education programs.

Estate planner Howard Zaritsky has written a new treatise, “Practical Estate Planning in 2011 and 2012,” describing how the 2010 Tax Relief Act affects estate planning strategies.

Warren, Averett, Kimbrough & Marino Wealth Management, an affiliate of CPA and business advisory firm Warren, Averett, Kimbrough & Marino, said it has surpassed the $500 million mark in assets under management.

A new personal budgeting app for the Apple iPad aims to help consumers manage their debts.

With the passage of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, many practitioners are now scrambling to determine how to best position their clients’ estate planning structures and forms to take advantage of the new dynamic estate tax planning opportunities and challenges.

IMGCAP(1)]Baby Boomers are now or soon will be part of the senior generation.

The Internal Revenue Service has posted a final version of the form and instructions for the 2010 gift tax and generation-skipping transfer tax.

Tax season is in full bloom and Americans are up to their elbows in statements, receipts and 1099s, but it may be a good time for people to clean up their finances while they’re doing their spring cleaning and taking their taxes to their accountants.