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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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November 2, 2005

IRS Awards AICPA Citation of Excellence in Serving Small Business Community

At the annual National CPA/IRS Tax Issues Meeting in Washington, DC, on November 2, 2005, Small Business/Self Employed Commissioner, Kevin Brown presented the AICPA Tax Section a citation of excellence for our "outstanding team effort in delivering products, services and education to the Small Business/Self Employed Operating customer."

 

The IRS noted that the AICPA "has been instrumental in facilitating communication both nationally and locally" between our members and the SB/SE Division, and that this partnership provides both the IRS and our members with "information of vital importance to the small business community."

 

The citation commended our leadership in "significantly" contributing to the launch of the IRS's disaster relief pilot, noting that the AICPA was the first national practitioner organization to enter into a Memorandum of Understanding with the IRS to provide assistance to taxpayers at local disaster recovery centers. Other programs in which the AICPA is mentioned as an active participant include "Tax Talk Today," the Small Business Payroll and Practitioner Forums, and the Nationwide Tax Forums.

 

AICPA President and CEO Barry Melancon said, "This is a great tribute to our volunteer members who have dedicated many hours of their time to participating in these programs and working with the small business community, as well as to the hard work of committed AICPA staff."

 

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Copyright © 2005 by the American Institute of Certified Public Accountants, Inc., New York, New York.