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Tax E-Alerts

News you can use on tax regulations, court decisions, legislation, and practice management.

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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.

Click here for more information

 

Employee Benefits

This section contains AICPA comments related to Employee Benefits.

 

AICPA Supports Bill to Clarify State Tax Treatment of Nonqualified Deferred Comp

December 16, 2005. AICPA has endorsed H.R. 4019, which would clarify that retirement income received under certain nonqualified deferred compensation plans for retired partners would not be subject to non-resident state income tax. Learn More>>

AICPA Urges IRS to Allow Self-Correction of Scriveners' Errors

November 23, 2004. In this letter the AICPA urges the IRS to allow self-correction of unintentional scriveners' errors that affect the operation and administration of qualified plans. Learn More>>

AICPA Comments on FY2005 Budget Proposal

February 17, 2004. In this letter the AICPA weighs in on the administration's retirement savings plan proposals. Learn More>>

AICPA Responds to IRS Simplification Proposals for Employee Benefit Plan Determination Letters

September 24, 2003. In this letter to the IRS, the AICPA responds to the second white paper regarding The Future of the Employee Plans Determination Letter Program, encouraging simplification. Learn More>>  

 


AICPA Comments on S. 723, The SIMPLE Cafeteria Plan Act of 2005
June 21, 2005. This letter to the U.S. Senate contains AICPA comments on S. 723, The SIMPLE Cafeteria Plan Act of 2005. Learn More>>
AICPA Endorses Bill to Allow Small Businesses to Extend Benefits to Employees

In this June 21, 2005, letter, the AICPA commended Senator Olympia Snowe (R-ME) for introducing S. 723, the SIMPLE Cafeteria Plan Act of 2005, which would allow small businesses to provide nontaxable benefits such as flexible spending accounts to their employees. Learn More>>