Financial Planning

President Biden releases his annual budget on May 27, a move likely to detail his plans to increase the capital gains tax rate and eliminate a lucrative benefit for inherited estates.

Pulling the costs directly out of clients’ IRAs can blunt the sting, but it shrinks the pot of tax-deferred retirement assets.

Chicago CPA Jeff Badu launches his own nonprofit to serve local youth, and the Indiana Society of CPAs holds its 2021 Spring CPA week.

There's a lot more to think about than just organizing their financial reports and getting their bills paid.

Three Democratic senators introduced legislation that would stop the tax breaks used by private equity money managers and others.

Financial executives are eyeing tax changes expected in the Biden administration, demands for more environmental, social and governance reporting, and diversity efforts.

Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate.

Any changes to inheritance tax would feed into the broader upheaval that is coming to taxation in the world’s major economies.

For some wealthy investors, expanded government crackdowns on land deals are creating financial and legal headaches.

At the same time, the SEC is increasingly focusing on environmental, social and governance reporting.