As illustrated in the plan/do/ check/act cycle, planning
should be as much about "doing" as it is about "thinking." Since results are the product of thinking and doing, the real aim of an effective planning
system is to drive results.
Just think of all the promises an employer might make in one year that are paid in another." He cites the example of a company that offers personal financial planning
services to its executives.
Consideration also must be given to SAS 99, Consideration of Fraud in a Financial Statement Audit, and should be documented within your audit planning
At its most basic, strategic planning
is all about creating an alignment between an organization's day-to-day activities and its environment--an alignment that facilitates the flow of resources to that organization.
On the other hand, companies that have streamlined their planning
cycle with best practices devote fewer than 6,000 person-days per billion dollars of revenue.
She serves on CalCPA's Personal Financial Planning
Committee and can be reached at firstname.lastname@example.org.
With careful analysis and planning
, employers should be able to minimize the administrative burden, and perhaps the tax liability, in determining, collecting and remitting employment taxes with respect to nonqualified deferred compensation.
CPAs who help clients with pension planning
, take notice: Sweeping changes in the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) have transformed this discipline.
(Congress is already considering newer tax legislation, which might be enacted before this column appears.) Given this, diligent monitoring is essential to good financial planning
. Planners should review and probably revise all existing financial plans, as significant changes might render existing plans obsolete.
From the opinion's tone and length, it appears that the Tax Court is very intolerant of VEBA cases involving tax-advantaged estate planning
Supreme Court's apparent expansion of ERISA's reach, proper planning
today can reduce sleepless nights tomorrow.
was further hampered by differences existing in the requirements of two government agencies.