There is an entire profession of CPA financial planners dedicated to advising clients on financial decisions that will affect every facet of their lives. Chartered Accountants are often asked to advise on potential investments. A licensed public accountant should refrain from providing specific investment advice unless properly trained and authorized to work as an investment advisor. Establishing a clear understanding with the client about the scope of the services to be provided and documenting related conversations, including any additional measures required by clients, can help eliminate misunderstandings and subsequent professional liability claims related to investment advice.
While 71% of investors who used both a financial advisor and the Internet did some financial activities online, only 15% used the Internet to buy or sell stocks in the past year. While we've been discussing the differences between financial professionals, financial success is a team effort. In reality, a winning combination is having a good, proactive, single-paying financial advisor who can create excellent strategies to help you achieve your financial goals. This comprehensive report analyzes changes in the child tax credit, the earned income tax credit, and the child and dependent care credit caused by the expiration of the provisions of the United States Rescue Plan Act; the ability to electronically file more returns in the 1040 series; car mileage deductions; the alternative minimum tax; exemptions from gift tax; strategies to accelerate or postpone income and deductions; and the retirement and estate planning.
A CFP Ⓡ professional, CERTIFIED FINANCIAL PLANNERTM, is trained to assess your financial situation with a vision of the future and make it work in the best way for you. It's a great way to stay on top of your overall financial situation and to ensure that you achieve your financial goals.
