Evaluation Services Inc. (ESI-APPRAISE)’s Post

"Prepare large estates for TCJA sunset now" (Excerpt from actual article): CPA financial planners need to talk with high-net-worth clients now about the idea of shifting ownership of millions of dollars in assets before the estate and gift tax basic exclusion is essentially cut in half on Jan. 1, 2026, Bob Keebler, CPA/PFS, said in an AICPA Personal Financial Planning (PFP) Section webcast. You can read the article by clicking here: https://conta.cc/3QFu1W7

Unlock the secrets of estate and trust planning at our upcoming conference. Dive into practical 1041 issues that every fiduciary and tax preparer must know with Jeremiah W. Doyle IV, Esq. Explore how to strategically select a fiscal year-end, master the art of funding sub-trusts and bequests, and navigate the unique rules of distributable net income. Don't miss this session for invaluable insights and actionable strategies to elevate your expertise: https://bit.ly/4c77PNf. #EstatePlanning #TrustPlanning #CalCPAConference

Get the inside scoop on essential fiduciary strategies!

Senate hearing concludes Our immediate feeling is that Treasury and ASIC are very much ignoring what the profession and other industry stakeholders are trying to explain regarding the problematic nature of the proposed Section 99FA. While the FAAA, FSC, Joint Licensee Group, Law Council of Australia, and the accounting bodies believe that the draft law in its current form is misleading, Treasury, ASIC and the SMC insist that changes to 99FA are clear as day. The latter see no issue with the current wording of the draft law, with ASIC insisting that it does not expect trustees to review every single SOA. However, the Law Council of Australia (being the only legally qualified people in the room today) insists that the law will always trump the EM (reminder: the EM now clarifies that it's business as usual for trustees). In fact Nathan Hodge, head of submissions at the Law Council of Australia, said today that the changes in the EM are not adequate from a legal standpoint. "We would say that the courts would likely place limited weight on the explanatory memorandum in this situation. The courts have come across this type of issue before and the following statement which has been adopted by the High Court states that where extrinsic material appears to cast doubt on the construction of words favoured by a plain meaning of those words, then the explanatory memorandum cannot override a clear purpose of the act as deduced from its own language. "So in effect the words in explanatory memorandum, cannot be substituted for the text of the law." But despite this, Dr Moore from Treasury (who did not tune in to the LCA's hearing) says the current 99FA didn't provide sufficient legal certainty as per the Quality of Advice Review, and hence needed to be redrafted. "The new 99FA that's in the bill seeks to directly address that issue by making the steps or elements that would go to ensuring that fee deduction is appropriate, clear and explicit in the law." Asked by Bragg whether Dr Moore believes the Law Council is wrong, he said: "I'm not sure, I didn't hear the Law Council's evidence earlier today so I can't comment on that." "What I can say is that the existing test and the new test are both objective tests, they both reflect trustee obligations in the law. The difference between the new one as opposed to the current one is that it provides greater clarity by more fully setting out the elements of that objective test". Thanks for tuning in. Stay tuned to ifa for more coverage of these issues over the coming days! https://bit.ly/3x4YV3L

📢 Join esteemed experts from our Technical Connection Division, as they share an insightful update, following the Chancellor’s Autumn Statement 💼.   📅 Save the Date: Thursday 23 November 2023 💡 Tax and Financial Planning Essentials Following the Autumn Statement 2023 ⏰ Time: 12:30 – 13:30 📍 Location: Zoom Webinar https://lnkd.in/gRF6axZ5   Providing updates on the latest changes to our tax context and how to access available allowances, exemptions, and reliefs. This session will guide you through the maze of tax-efficient growth strategies, wealth preservation techniques, and the art of passing on your wealth to future generations 📈   It’s time to take charge and achieve your financial goals! 💰   The value of your investment can go down as well as up. You could get back less than you invested.   Taxation rules can change at any time and are dependent on individual circumstances.   #TaxEfficiency #FinancialWellbeing #WealthPreservation #TaxStrategies   HJP Chartered Financial Planners is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives.   SJP Approved 04/10/2023 HJP Chartered Financial Planners is a trading name of HJP Wealth Management Ltd. 

In our world of finance, we were so excited to hear that Georgia Governor, Brian Kemp recently proclaimed October as Financial Planning Month! #fpaofgeorgia #financialplanningmonth #financialplanning #cornerstonefinancialteam #financialadvisorsuwaneega

Happy Halloween from all of us at Abacus CPA! 🎃👻 Wishing you a spook-tacular day filled with treats, thrills, and a dash of financial magic. And remember, financial success is no trick – it's a treat you deserve! #BusinessTaxSeasonTips #TaxPreparation #TaxSeason #TaxPrep #FinancialHelp #IRSTaxes #TaxReturn #TaxPlanning #FilingSeason #TaxTips #TaxSavings #TaxExpert #MoneyMatters #FinancialPlanning #SmallBusinessTaxes #AbacusCPA #financetips #financeeducation

📢 Join experts from our Technical Connection Division, as they share an insightful update, following the Chancellor’s Spring Statement 💼.   📅 Thursday 7 March 2024 💡 Tax and Financial Planning Essentials Following the Spring Statement 2024 ⏰ Time: 12:30 – 13:30 📍 Location: Zoom Webinar   Providing updates on the latest changes to our tax landscape and exploring some of the key announcements from the Spring Budget. Discover how to access available allowances, exemptions, and reliefs helping you to invest tax efficiently. 📈   It’s time to take charge and achieve your financial goals! 💰 Register – https://lnkd.in/eY8ebXTb The value of your investment can go down as well as up. You could get back less than you invested.   Taxation rules can change at any time and are dependent on individual circumstances.   #TaxEfficiency #FinancialWellbeing #WealthPreservation #TaxStrategies   Temple Mews Financial Planning is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority). The `St. James's Place Partnership' and the titles `Partner' and `Partner Practice' are marketing terms used to describe St. James's Place representatives. Temple Mews Financial Planning is a trading name of Temple Mews Wealth Management Ltd.   SJP Approved 31/01/2024 

Want to know how the Chancellor's Autumn statement might affect you? Sign up today for our webinar taking place on Thursday 23 November.... #autumnstatement #financialadvice #heretohelp #wealthmanagement #webinar

Unlock personalised financial insights with ATP Accountancy's expert advice. From tax planning strategies to wealth management tactics, our team is here to guide you. Start your journey at https://lnkd.in/eQ-PP9Kw. 💡💰 #FinancialInsights #WealthManagement