Financial Planning
Latest News
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
New Jersey Joins IRS Direct File For 2025 Filing Season
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/08/ESOP-768x482.jpg)
IRS Warns Employers About Abusive ESOP Schemes
The IRS has concerns that employee stock ownership plans are being used by some wealthy taxpayers as a tax avoidance tool.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/04/accounting-software-pixabay-Goumbik-office-2717014_960_720-768x508.jpg)
Effectively Leveraging Accounting for Financial Planning Strategy
Most small businesses lack the capacity for a financial planning and analysis (FP&A) function, but that doesn't mean they can't build analytical and strategic value from their accounting resources.
![](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2023/08/health-care-pixabay-rawpixel-3031259_960_720-768x530.jpg)
Finances and the Aging Parent: A Roadmap For Family Harmony
Aging brings about unanticipated financial challenges that elderly parents need help navigating.
![creditcards1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/22530/creditcards1_10946633.png)
American Credit Card Debt Tops $1 Trillion for First Time
Balances increased by $45 billion, the most of all debt types, to $1.03 trillion in the second quarter, the New York Fed said in a report Tuesday.
![military-color-guard1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/23533/military-color-guard1_11576881.png)
California Considers Giving Tax Exemption to Military Pensions
Proposed legislation would exempt military retirement income from California state income tax — at least for the next ten years.
![Financial-Smartphone-Apps1](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/10358/financial-smartphone-apps1_10914513.png)
Majority of U.S. Consumers Use Apps for Finances Before Turning to Accountants
While fintech won’t make advisors obsolete anytime soon, financial professionals need to adapt to changing consumer behavior and play up their strengths by augmenting their services.
![cfpb consumer financial protection bureau 1 58dbe09460878](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/25105/cfpb_consumer_financial_protection_bureau_1_.58dbe09460878.png)
Watchdog Agency Wants More Regulations on Use of AI in Lending
The CFPB has already taken steps to stamp out abuses. The agency last month proposed a rule for home appraisals computed by algorithms.
![business-finances-33557101](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2022/07/15424/business-finances-33557101_11473737.png)
74 Percent of Americans Have Financial Regrets: Most Commonly Is Not Saving Enough for Retirement
Overall, just 20% of U.S. adults say they do not have any financial regrets, while 6% say they don’t know what their biggest financial regret is.