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11 CPAs Honored by AICPA and CIMA

CPA Practice

The American Institute of CPAs and Chartered Institute of Management Accountants honored eleven CPAs during AICPA & CIMA ENGAGE 2023 in Las Vegas this week. Thomas Austin Personal Financial Planning Scholarship Joseph Gutierrez, CPA/PFS, Total Wealth Group, Agoura Hills, CA, was awarded the 2023 P.

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Barry Melancon to Retire from AICPA

CPA Practice

Barry Melancon, CPA, CGMA, has announced that he will to retire on December 31, 2024, from his role as president and CEO of the American Institute of CPAs and CEO of the Association of International Certified Professional Accountants. Melancon has served in this role for 30 years.

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Dual Certifications Mean Big Bucks for Accountants

CPA Practice

Accountants in the U.S. who earned the CMA and CPA designations make more than $38,000 than their noncertified counterparts, according to the 2023 Global Salary Survey from the Institute of Management Accountants (IMA). Accountants who are CPAs only earn a median base salary of $126,274, according to the survey.

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CPAs: Make Direct Indexing Your Estate Planning Secret Weapon

Going Concern

Traditionally, the role of accounting professionals in estate planning has been tertiary at best, with clients consulting CPAs only on the tax implications of select decisions—or simply leaving them out of the process altogether. . How CPAs can take estate planning to the next level.

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AICPA Forms Advisory Group to Create Strategy to Address CPA Talent Shortage

CPA Practice

The American Institute of CPAs (AICPA) has formed an advisory group representing a broad spectrum of the accounting profession that will help shape a national strategy to address the profession’s talent shortage, including accounting students who go on to obtain a CPA license.

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CPAs: 3 Ways Direct Indexing Can Help Your Clients Level Up Their Charitable Gifting

Going Concern

In the first, we explored some fun ways CPAs can explain the tax advantages of direct indexing to their clients. Then, we talked about how CPAs can make direct indexing their estate planning secret weapon. . What is direct indexing, and why does it matter to CPAs? Pictured: Steve, probably. Ready to learn more?

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4 Ways CPAs Can Explain the Tax Benefits of Direct Indexing to Clients

Going Concern

Pop quiz, CPAs: What do you tell a client who asks you about the tax benefits of direct indexing? Let’s unpack what CPAs should know about direct indexing from a tax perspective—and explore some unique and effective methods for explaining it to your clients. . What should CPAs know about direct indexing?

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