Guests: Ted Sarenski, CPA/PFS & panelists: Michael Goodman, Brooke Salvini, and Susan Tillery Category: Practice management In this episode, CPA financial planners share how they set their client fees in their tax & financial planning advisory businesses and answer the questions: What are the benefits of a fee-only hourly, project, and retainer business models? What are the pros and cons of charging based on assets under management (AUM)? What should you consider when setting your fee fo...
Apr 26, 2019•23 min
Guests: Ted Sarenski, CPA/PFS & fellow CPA/PFS panelists: Jean-Luc Bourdon, Ellen Bruno, Chris DeBlanc, Michael Goodman, Brooke Salvini, Scott Sprinkle, David Stolz, and Susan Tillery Category: Practice management In this episode, CPA financial planners share their experiences with building their tax and financial planning advisory businesses. Ted Sarenski, CPA/PFS interviews a panel of seasoned practitioners, who answer the questions: What are the different ways to offer tax & financial...
Apr 19, 2019•17 min
Guests: Andrea Millar, CPA/PFS & Susan Tillery, CPA/PFS Category: Professional development CPAs and financial planning have been around for over a century. Not because we’ve stayed the same, but because we evolve and adapt to finding new ways to better serve clients. You are forward-thinking and relationship-oriented professionals. These are exciting times that bring opportunities for you to lead the profession into the future with a focus on your clients’ needs. Andrea Millar and Susan Till...
Apr 19, 2019•14 min
Guest(s): David Grau, Sr. & Michael Goodman, CPA/PFS Category: Practice management In this episode, Michael Goodman, CPA/PFS interviews David Grau, president & founder of FP Transitions, who shares the ABCs of succession planning. He answers the questions: What exactly is a succession plan? Why is a succession plan important? Does everyone need to have one? How much time do you need to create a successful succession plan? What’s the first thing you should consider when planning for succe...
Apr 04, 2019•27 min
Guest(s): Bob Keebler, CPA/PFS & Mitchell Gans, JD Category: Technical In NC Department of Revenue v. The Kaestner Family Trust , the Supreme Court will determine whether the US Constitution’s due process clause prohibits states from taxing trusts based on trust beneficiaries’ in-state residency. In this episode, Bob Keebler, CPA/PFS interviews Professor Mitchells Gans, JD who answers the questions: How does this issue impact your clients? Who should file a protective refund claim? Access th...
Apr 03, 2019•6 min
Guest(s): Paula McMillan, CPA/PFS Category: Technical In this episode, Paula McMillan, CPA/PFS shares what current retirees have to say about retirement and lessons they’ve learned along the way. She answers the question: What are the six factors paramount to a successful retirement? Access the related resources from this podcast: Top seven mistakes when claiming Social Security benefits by Paula McMillan (The Tax Adviser) The Adviser’s Guide to Retirement and Elder Planning , a multi-part guide...
Mar 29, 2019•17 min
Guest(s): Paula McMillan, CPA/PFS Category: Technical In this episode, Paula McMillan, CPA/PFS shares how to make conversations count when it comes to personal financial planning. She answers the questions: What is your role and influence in your clients’ conversations with others around personal financial planning? Why is it important for your clients to broaden and deepen financial conversations with family and friends and what is your role in enabling that? How can you help your clients have ...
Mar 22, 2019•17 min
Guests: Erica Gellerman, CPA Category: Practice management In this episode, Erica Gellerman, CPA turned marketer is here to help you differentiate your CPA financial planning practice for their current and prospective clients. Why does a cohesive online presence matter? What are the three Vs of creating a cohesive online presence? How can you leverage your online presence, so your clients will know, like, and trust you? Access the related resources from this podcast: Your CPA Practice & Plan...
Mar 15, 2019•24 min
Guests: Ed Fulbright, Sheila Padden, & Chip Simon Category: Practice management In this episode, CPAs and financial planners share their experiences with the retainer fee model for their personal financial planning practices. What is the retainer model? Why did they choose this fee-only model for their practice? Is this model right for your practice? How has it contributed to client satisfaction and client retention? How can you transition tax clients to the retainer model? If you’re conside...
Mar 08, 2019•38 min
Guest(s): Bob Keebler, CPA/PFS & Nick Passini, CPA Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS interviews Nick Passini, CPA about the reality of tax season and Section 199A qualified business income deduction. Find out: What is the most surprising challenge of 199A during tax season? What questions are clients asking a...
Mar 01, 2019•29 min
Guest(s): Bob Keebler, CPA/PFS & Ed Slott, CPA Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS interviews Ed Slott, CPA intersection of Section 199A qualified business income deduction and retirement plan benefits. Find out: What is the calculation of the retirement plan deduction in the context of Section 199A? How can a ...
Mar 01, 2019•15 min
Guest(s): Paula McMillan, CPA/PFS Category: Technical In this episode, Paula McMillan, CPA/PFS gives an overview of the current environment that your clients are face as they approach retirement age, including the obstacles and your role as their CPA adviser in helping them overcome them. She answers the questions: What’s the one thing that matters most in retirement planning? What trends in the retirement and personal obstacles are your clients facing that prevent them from saving for retiremen...
Feb 15, 2019•17 min
Guest(s): Paula McMillan, CPA/PFS Category: Technical In this episode, Paula McMillan, CPA/PFS. She answers the questions: How has the vision of a meaningful retirement and the tools to achieve it evolved over the last several decades? What is today’s vision of a meaningful retirement? What do your clients fear most about financing retirement? How can you guide your clients in designing a retirement that is meaningful to them? Access the related resources from this podcast: Top seven mistakes wh...
Feb 15, 2019•18 min
Guest(s): Jim Sullivan, CPA/PFS Category: Technical In this podcast, Jim Sullivan, CPA/PFS, discusses elder planning strategies and answers these questions: Why should you offer elder planning services to your clients? How has elder planning practice changed over the last decade? How can you help your clients navigate the complexities of elder planning? You can continue your learning on this topic by attending this webcast taking place next week (eligible for discounted CPE). Also, stay tuned fo...
Jan 30, 2019•26 min
Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares details on the provisions, specifically Notice 2019-07 and answers: When does real estate qualify as a trade or business for purposes of the 199A qualified business income deduction? Access the related resources from this podcast: Impact of T...
Jan 23, 2019•12 min
Guest(s): Bob Keebler, CPA/PFS Category: Technical On January 18th, the IRS released the highly-anticipated final regulations on Section 199A for the qualified business income deduction for pass-through entities. In this podcast, Bob Keebler, CPA/PFS shares an overview of the IRS guidance that was released. Find out: What are the major changes in Final 199A regulations , including changes to the aggregation regulations and how to net income across businesses? What are the methods for calculating...
Jan 23, 2019•21 min
Guest(s): Lisa Featherngill, CPA/PFS Category: Technical In this podcast, Lisa Featherngill, CPA/PFS discusses the impact of taxes on estate planning and answers the questions: What are the major tax considerations practitioners should take into account when doing estate planning? What pitfalls should clients be aware of? What are some good strategies for reducing taxes on an estate? To what extent should clients make use of the tax-free annual gift exclusion? Access the related resources from t...
Jan 11, 2019•17 min
Guest(s): Ross Riskin, CPA/PFS Category: Technical In this podcast, Ross Riskin, CPA/PFS discusses college and financial aid planning tips from The Adviser’s Guide to Education Planning. He specifically addresses: Timing of tuition bill payments Determining retirement planning contributions Impact of allowances, including the education savings and asset protection allowance Access the related resources from this podcast: The Adviser’s Guide to Education Planning The episode is brought to you by ...
Jan 04, 2019•12 min
