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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

 
Tax Home > Resources > Tax Strategy Patents > Tax Strategy Patent Prohibition Legislation Pending
Tax Strategy Patent Prohibition Legislation Pending
Boucher-Goodlatte Tax Planning Method Amendment – Staff Summary

The amendment would simply deem tax planning methods to be unpatentable subject matter.

 

The amendment defines “tax planning method” as a plan, strategy, technique or scheme that is designed to reduce, minimize or defer, or has, when implemented, the effect of reducing, minimizing or deferring, a taxpayer’s tax liability.

 

The amendment specifies that this prohibition takes effect on the date of enactment, and that it shall apply to any patent or application for a reissue patent that is:

 

(A) filed on or after the date of the enactment of this Act; or

 

(B) filed before that date if a patent or reissue patent has not been issued pursuant to the application as of that date.

 

The amendment also specifies that the prohibition shall not be construed to validate any patent that may have issued before the date of enactment.

Download amendment text