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Decoding the Difference: Tax Planning vs. Advisory

CPA Practice

Tax preparation has its spotlight, tax planning follows a rhythmic beat … and tax advisory ? While we’ve used terms like tax planning and tax advisory interchangeably because they feel similar, they are quite different—like fall and winter. Proactivity Tax planning is proactive.

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10 Ways to Help Gen X Clients Prepare for Retirement

CPA Practice

Instead, many employers shifted toward defined contribution plans such as a 401(k) plan where the benefit depends on the amount of money contributed and investment returns. She was recognized as a 2021 CPA Practice Advisor “40 Under 40” Professional. Follow Al-Nesha on Twitter @AlNeshaJ_CPA.