Personal Financial Planning And The Strategic Use of Debt
Personal Financial Planning And The Strategic Use of Debt It goes without saying, but I feel I must; personal financial planning is crucial for achieving long-term financial stability and growth. One key aspect of personal financial planning is the judicious use of debt. While debt can be a daunting concept for many, when utilized strategically, […]
Reporting Charitable Gifts
Reporting Charitable Gifts Well it’s that time of year and April 15 is just around the corner. Between March 15 and April 15 clients reach out to us about claiming their previous year’s charitable gifts on their personal income tax return, Form 1040. So, here you go… When a charitable contribution is made to a […]
Proposed Anti-Money Laundering Rule Impacting Registered Investment Advisers
Proposed Anti-Money Laundering Rule Impacting Registered Investment Advisers As financial regulations continue to evolve, registered investment advisers (RIAs) face potential changes in compliance requirements that could significantly impact their operations. A proposed anti-money laundering (AML) rule, currently under consideration by regulatory authorities, aims to bolster efforts in combating illicit financial activities within the investment advisory […]
401(k) Funds & Emergencies: Strategies and Considerations
401(k) Funds & Emergencies: Strategies and Considerations Personal financial planning, among other topics, addresses emergencies. Emergencies are an inevitable part of life, often requiring individuals to tap into their financial reserves to cover unexpected expenses. For many Americans, employer-sponsored 401(k) plans serve as a primary source of retirement savings, but they can also serve as […]
AICPA Personal Financial Planning Certificate Program
AICPA Personal Financial Planning Certificate Program The American Institute of CPAs (AICPA) offers a comprehensive Personal Financial Planning Certificate Program designed to equip CPA financial professionals with the knowledge and skills needed to excel in the field of personal financial planning. This program, written by Susan and Tom Tillery, provides valuable resources for the CPA […]
Who Needs to File an Income Tax Return?
Who Needs to File an Income Tax Return? Literally, every year since 1986 we have received the question “Do I need to File an Income Tax Return?” Simply stated, the filing of an income tax return is required by both U.S. citizens, permanent residents and entities earning income above specific threshold amounts ($13,850 for 2023) […]
Integrating Personal Financial Planning into the CPA Exam: A Step Forward in Accounting Education
Integrating Personal Financial Planning into the CPA Exam: A Step Forward in Accounting Education The CPA exam is renowned for its comprehensive assessment of accounting knowledge and skills, serving as a benchmark for entry into the accounting profession. In a dynamic financial landscape where individuals face increasingly complex financial decisions, the inclusion of personal financial […]
2023 Individual Income Tax Returns
2023 Individual Income Tax Returns As April 15 approaches, individuals across the country are preparing to file their 2023 income tax returns (Taxpayers living in Maine or Massachusetts have until April 17, 2024, due to the Patriot’s Day and Emancipation Day holidays). If a taxpayer resides in a federally declared disaster area, they also may […]
Paraklete® Financial, Inc. Expands Operations to Nashville, TN.
Nashville, TN – April 24, 2024 – Paraklete® Financial, Inc., a distinguished financial advisory firm, is excited to announce the opening of its newest office in Nashville, Tennessee. This strategic expansion reflects the firm’s commitment to providing exceptional financial services and personalized guidance to clients in the Nashville area and surrounding communities. Heading the Nashville […]
