Wealth management

Team members donate time and resources in Michigan as part of the firm's annual Day of Impact. 

The independent investment advisory firm that spun off from RSM US earlier this year is buying Cherry Bekaert's wealth management business.

Grants to charities from donor-advised funds grew 28% last year, according to a new report, as DAFs also come under scrutiny for helping the wealthy shield their money from taxes.

Taking the prize in annual installments over 29 years, rather than all upfront, dramatically increases the windfall. Lottery victors with seven-figure winnings can also reduce their tax bill.

For some borrowers, the impact of the White House's student-debt forgiveness program may be influenced by the interpretation and implementation of tax law.

To truly optimize clients' financial lives, advisors and CPAs must come together. By adding an elite wealth management practice, CPAs can see an increase in bottom-line revenue.

Estate tax collections in 2021 hit their highest levels since former President Donald Trump's tax cuts took hold, a stark trend reversal that experts attribute to one-off pandemic factors.

TaxAct will belong to an affiliate of Cinven, a U.K.-based private equity fund.

As wealth management firms and advisors increasingly wear two hats, it's getting harder for investors to know when they're overpaying for products and advice.

The flow of money from private foundations to donor-advised funds has jumped substantially in recent years, highlighting the increasing use of a controversial loophole in charitable law, a new audit shows.

Becker CPA joined Hancock Askew; Watkins, Ward and Stafford combined with Kemp, Williams, Steverson and Bernard; and BSSF Wealth merged with Lighthouse Wealth.

A lucrative deduction for luxury vehicles used at least half the time for business will start tapering come 2023.

A recent survey by PwC showed that 71% of institutional investors want stronger regulatory requirements to guide the actions of the fund management industry.

Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.

The Internal Revenue Service's streamlined application process for tax-exempt status could be allowing corrupt charities to claim exemptions before the IRS has enough information.

The Georgia Society of CPAs and Feeding Georgia's ninth annual Georgia Accounting Food Fight raised $372,907 this year, which represents over 1.4 million meals

The New Jersey Society of CPAs has launched its thirteenth annual food drive to benefit the Community FoodBank of New Jersey

New rules on "portability" mean that a surviving spouse can lock in her deceased partner's exclusion years after exemption levels decrease come 2026.

Private foundations are using donor-advised funds to sidestep federal laws designed to make sure the wealthy donate money to the needy in a timely fashion, not defer the gifts for generations.

The accounting firm is aiding the United Way of the Capital Region through a miniature golf tournament.