Accounting
Top stories summarized by our editors
8/20/2018

Fewer retirees will dedicate 35% to 50% of their Social Security benefits to health care spending in 2019, a recent survey indicates. However, the reduction is expected to be temporary. In addition, Medigap Plans C and F will not be available for new enrollees starting in 2020. Dive deep into planning for clients' health care expenses with the Retiree's Cost of Care Barometer, available to PFP/PFS Section members.

8/20/2018

The new postcard tax return, which has only 23 lines, could be simpler for a small group of filers with relatively straightforward financial holdings. However, Americans with more complex financial situations may have to fill out several schedules.

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Accounting Today
8/20/2018

Clients often forget to update their beneficiary forms after divorce, leading to situations in which ex-spouses may receive assets contrary to the wishes of the deceased. However, some states have laws that automatically revoke beneficiary designations for nonprobate assets. PFP/PFS Section members: Access the Divorce Planning Center in Broadridge Advisor, included with your membership, to help clients think through beneficiary designations and other planning issues related to divorce.

8/20/2018

Advisers planning to sell their firms may benefit by segmenting their clients into groups based on total assets and occupation, writes Angie Herbers. This strategy allows firm owners to find multiple buyers, each of whom values a particular client segment. Hear Herbers speak at the upcoming 2019 PFP Summit in January. Find out more and register here!

8/17/2018

The valuation arena looks different these days. As organizations' needs for valuation in financial and nonfinancial reporting grow, so do individuals' needs in entrepreneurship, litigation and a host of other applications. Protecting the quality and reliability of valuation while addressing the increase in demand is a challenge the profession must rise to address.

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FVS News
8/17/2018

Rules the Financial Accounting Standards Board has issued could address a problem that caused General Electric to take a hefty loss related to insurance contracts this year. Under the rules, insurers and their auditors have to review assumptions underpinning long-term insurance contracts yearly.

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MarketWatch
8/17/2018

Increasing use of stock acquisitions means practitioners need to understand Sec. 382 limitations, including increases from recognized built-in gain or decreases from recognized built-in loss.

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The Tax Adviser
8/17/2018

Auditory learning is a great way to develop listening skills. While in your car, on the train or on a flight to visit a client, practice active-listening skills with podcasts or audiobooks.

8/17/2018

If HLOOKUP and VLOOKUP don't help you find the data you're seeking, you might have success with a different strategy.

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Financial Management
8/17/2018

Investing in high-quality IT infrastructure and embracing technology can strengthen a firm's position for a possible merger or acquisition.