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Accounting
Top stories summarized by our editors
7/13/2020

Find out how much you know about this useful tax-deferral tool.

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Tax Insider
7/13/2020

Many companies put hiring on hold when the coronavirus pandemic hit, and this was a painful setback for job candidates who had already been through multiple rounds of interviews. The economic environment is still uncertain, but following certain tips can revive stalled opportunities.

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Fast Company online
7/13/2020

Entering data in Excel can be tedious. Fortunately, Excel has a data-entry form that's not well known to many users but can improve efficiency.

7/13/2020

China says it will intensify a fight against financial-market abuse and will adopt a zero tolerance approach for accounting and securities fraud. Regulators have outlined intentions to increase penalties and to reform the delisting mechanism.

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Reuters
7/13/2020

Registered investment advisers that meet certain criteria -- such as holding ETF portfolios worth more than $100 million -- may have a reporting requirement as institutional investors under an amendment to the Securities Exchange Act of 1934. Advisers who have outstanding filings should make a point of catching up as soon as possible.

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Nerd's Eye View
7/13/2020

Today's highly favorable federal gift and estate tax exemptions might change in the future as the political climate shifts. This webinar excerpt explores how advisers can ensure their clients are taking appropriate action. Learn more about estate planning strategies by listening to this webcast recording (open to PFP Section members) featuring Martin Shenkman, CPA/PFS, and other experts.

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WealthManagement
7/13/2020

State insurance regulators are mulling the possibility of setting up a dedicated panel to look at the options given to long-term-care insurance policyholders who cannot keep up with premium increases. The subgroup of the National Association of Insurance Commissioners would seek to draft recommendations by mid-August of next year.

7/13/2020

Many retirees start collecting Social Security before their full retirement age, but waiting to claim benefits is generally the right approach when possible, according to Ted Sarenski, CPA/PFS, who has written a guide on the topic (open to PFP Section members). He also addresses other issues, such as the financial future of Social Security and Medicare. Hear more from Sarenski on how to advise clients on Social Security during the pandemic in this PFP Section podcast.

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Ted Sarenski
7/13/2020

With the deadline nearly here for 2019 tax returns, this article details tax considerations that retirees might overlook. Some of the tax strategies discussed in the article relate to Medicare premiums, spousal IRA contributions and the standard deduction. Help your clients make smart tax and financial planning moves by using the strategies found in Volumes 1 and 2 of The Adviser's Guide to Financial and Estate Planning, open to PFP Section members.

7/13/2020

Due to the coronavirus pandemic, more clients may work with advisers they've never met in person. Given this new reality, it's crucial to revamp your website and your online presence as a whole, and this article can help you get started.