Bloomberg Tax: Seven Financial Planning Hacks Only the Pros Know (May 19, 2021)

Bloomberg Tax outlines seven hacks that certified public accountants can utilize to help clients when they need advice for financial matters beyond taxes. The article begins as follows:

The world of finance is like an endless maze to the lay person. Such individuals look toward a financial advisor for assistance in financial matters, especially with financial and tax planning. Individuals and organizations need to avail themselves of financial advisors’ services to do the right thing with their money.

You don’t have to be a Certified Public Accountant (CPA) to provide financial advice, but if you are, it improves your credibility. If you haven’t already done it, you could register for a CPA review course and get qualified.

As a financial advisor, you have a crucial role in providing financial guidance to your clients. It is a great responsibility to offer advice on how to use money that is not yours. Knowing a few useful hacks in financial planning can come in handy.

First off, you need to realize that what works in one set of circumstances may not work in another. Hence, you need to exercise discretion while applying the hacks featured in this article.

To see the full article, click Bloomberg Tax: Seven Financial Planning Hacks Only the Pros Know (May 19, 2021)

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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