Designing a Work Program for Your Financial Planning Practice

Overview

The IRS’s new Centralized Partnership Audit Regime shifts much of the audit burden onto partnerships themselves. Colin Walsh, partner at Baker Tilly, explains that the rules introduce new adjustment options, heighten potential costs, and complicate filing decisions. He offers broad strategies for navigating the change and emphasizes the need for an engaged partnership representative as the guidance and enforcement landscape keeps evolving.

Highlights

• Cash flow management and budgeting
• Planning for insurance, investments, education, income tax, employee benefits, retirement and estate planning.
• Implications for various specialty groups, such as closely-held business owners, highly compensated employees, Baby Boomers, newly retired individuals and those who are suddenly single due to divorce or being widowed.

Prerequisites

A basic understanding of finance.

Objectives

• Analyze and evaluate complex financial planning problems to recommend effective solutions.
• Apply the Rattiner "PIPRIM®" System to understand and address client exposures within the Personal Financial Planning (PFP) process.
• Develop strategies to help clients remain focused and avoid overreacting to financial planning challenges.

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.