Wealth management

Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.

Just before the coronavirus roiled the economy, wealthy investors piled into funds that take advantage of a popular, two-year-old tax break meant to help poor communities.

Difficult times hold up a mirror to your practice. What will you see?

Now in its 14th year, the Wealth Magnet report aims to highlight the biggest CPA-financial planners.

The novel coronavirus pandemic is causing the biggest drop in Americans’ financial situation in over a decade.

The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

The financial planning or wealth management business is still evolving into a profession that can be broadly respected and somewhat consistent from practice to practice.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The coronavirus has made it necessary for white collar professionals to work remotely and for all to practice social distancing. Being away from the office doesn’t cancel paying it forward. Here are a few things CPAs can do.

PwC's U.S. leader discusses how his firm and the heads of other large organizations can do more to support their employees and the communities around them.

CFP exam registrants affected by the closures will be rescheduled for the July 2020 exam, currently scheduled for July 7-14, 2020, at no additional cost.

Former Vice President Joe Biden wants to raise taxes on the wealthy. Senator Bernie Sanders wants to send those levies off the charts.

The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.

The super-wealthy can deploy sophisticated strategies to pass on billions of dollars to their descendants tax-free.

Prager Metis teams up with the Alzheimer's Association, and Centage Corporation expands its giving program.

Prager Metis CPAs wants more accounting firms to join the annual Walk to End Alzheimer’s.

CPA financial planners are noticing scams perpetrated against their elderly clients, according to a new survey by the American Institute of CPAs.

The law to boost retirement planning has tax consequences.

How many clients have told you they can’t wait until they’re retired? Suppose you ask them point blank, “What does retirement look like to you?”

Some accountants worry that entering into financial planning services may create conflicts of interest -- and they're right, according to John Napolitano of U.S. Wealth Management, though the specific conflicts may not be what they expect.