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As a tax practitioner, you may have contemplated adding personal financial planning services to your practice. There is a natural progression to go from being your client's most trusted tax advisor to also being their most trusted personal financial advisor. But you have questions: will it be profitable? How do I get started? What are other CPA firms doing? All of these questions are addressed in a new research study published by the AICPA's PFP Section that can show you how to expand your services into this lucrative niche area that is a great compliment to your tax practice.

The Personal Financial Planning Section of AICPA and Moss Adams LLP are pleased to announce the results of their first joint study of CPA financial planning and advisory practices- AICPA/Moss Adams CPA Financial Planning Practice Study.

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AICPA Sets Forth Standards for Tax Practice

In 2000, the AICPA adopted eight Statements on Standards for Tax Services as enforceable standards for AICPA members, replacing the Statements on Responsibilities in Tax Practice. What issues did the tax executive committee face in turning the advisory SRTPs into mandatory SSTSs? And how will members be affected?

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