Wealth management

The New York State Society of CPAs has asked Congress to consider new legislation that would temporarily waive tax penalties for taxpayers who are forced to make early withdrawals from retirement accounts due to financial hardship caused by the economic crisis.

Automated data management software provider Confluence plans to enhance their support of the Securities and Exchange Commission’s forthcoming release of a new Edgar XML filing specification by automating SEC Form N-SAR XML content.

Estate planning is sometimes a very difficult discussion with clients. instinctively, most people do not relish talking about their own demise, and CPAs equally dislike talking about anything that the client doesn't want to talk about.

Estate planning strategies for confusing times

In January 1999, a trust set up by Mitt Romney for his children and grandchildren reaped a 1,000 percent return on the sale of shares in Internet advertising firm DoubleClick Inc.

Americans are losing faith in their ability to invest, according to a new study from Hearts & Wallets, a retirement and savings research firm. The study found that more than four in 10 investors (41%) view themselves as "very inexperienced" with investing, up from 27% last year.

Congress’s two tax-writing committees, the House Ways and Means Committee and the Senate Finance Committee, held a joint hearing Thursday to discuss capital gains taxes and how they might be reformed.

Victims of convicted Ponzi scheme fraudster Bernard Madoff will be receiving nearly $2.5 billion in checks that were mailed Wednesday, according to the Securities Investor Protection Corporation.

Nearly two-thirds of individual investors have at least some confidence in the U.S. capital markets, according to a new survey by the Center for Audit Quality.

I meant to write about the latest corporate-sponsored holiday, National Fight Procrastination Day, when it occurred last Thursday, but I just didn’t get around to it.

The American Institute of CPAs has sent a letter to members of the House Financial Services Committee supporting a bill aimed at narrowing the definition of “municipal advisor,” without weakening investor protections.

Nearly half of CFOs don’t anticipate the one-time costs of going public, according to a new survey by PricewaterhouseCoopers.

Free online money management tool PowerWallet has officially hit the market and is designed to help users manage and keep control over their personal finances.

The Institute of Chartered Accountants in England and Wales plans to develop guidance for auditors on providing assurance on interest rate benchmarks in the wake of the outcry over manipulation of the LIBOR, or London Inter-Bank Offered Rate, which cost the jobs of top executives at the British bank Barclays.

College students and their families could save up to $2,500 a year if they save receipts for necessary expenses such as textbooks and other course materials.

Fifty years after the untimely death of film legend Marilyn Monroe, the courts are apparently still hearing challenges over her estate and her taxes.

Genworth Financial Investment Services, a firm that specializes in helping approximately 1,800 tax and accounting professionals integrate wealth management into their practices, is being renamed Cetera Financial Specialists after being acquired earlier this year.

Find out if offering family office services is right for your firm

Staff members at privately held companies are less likely to receive information from management about how the business is performing than employees at publicly traded companies, according to a new survey.

The Securities and Exchange Commission issued a financial literacy study Thursday confirming earlier studies that U.S. retail investors lack basic financial literacy.