Digging Deeper with your Clients, Part 3 of 3 | {PFP Section}

In this final installment of Debra Taylor’s Digging Deeper series, she focuses on tax planning. After reviewing the importance of a structured service calendar and proactive client communication, she outlines five essential steps for effective tax planning and highlights 20 key tax planning strategies. This is an approach to broaden your tax planning to addressing the financial planning needs of your clients.

Debra answers questions like these in the podcast:

• What are the five essential steps for effective tax planning?
• How can financial advisors use diagnostic software in tax planning?
• What are some key strategies for tax planning that advisors should consider?
• How can comprehensive tax planning benefit clients financially?

Many of the PFP Section resources provide ideas on topics that can be discussed throughout the year including:

• Debra Taylor’s video archive Planning for Clients with $1-15M in Net Worth
• Debra Taylor’s previous podcasts Digging Deeper with your Clients, Part 1 and Part 2
• Analysis of a Tax Return for Financial Planning Opportunities
• The Personal Finance Scorecard is a great tool to get feedback from your clients on what is really important and can guide your conversations throughout the year

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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