Tax advice and financial planning are complementary services that, when offered together, increase value for clients, experts say. "CPAs were doing financial planning before financial planning was a profession unto itself," says Marc Minker, CPA/PFS. Existing insight into clients' financial situations makes financial planning a natural next step for CPAs. However, for some, the best approach is to team up with other professionals to offer financial-planning services, Minker says.
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