Finding the sweet spot in tax planning and technology

Non-cash compensation has become more familiar in the workplace, with nearly one-in-five individuals holding some type of equity. As such, taxpayers need to have the right mix of tax, financial and legal advice, as well as appropriate technology solutions, to confidently make critical decisions around wealth management. 

On this episode of the Tax Section Odyssey, April Walker, CPA, CGMA, Lead Manager — AICPA Tax Section, talks with  guest David Snider, Founder and CEO — Harness Wealth, about his mission to make financial advice accessible, intuitive and valuable using a holistic wealth platform.

What you’ll learn in this episode

• Who is Harness Wealth and its unique approach to financial planning (3.01)
• What is a “NextGen” client and why is this important to business operations? (5.29)
• How technology alters the needed skill sets for CPAs (9.22)
• Some unique characteristics of NextGen clients’ needs (14.14)
• What the phrases “financial planning” and “wealth management” really mean and how tax advisers implement these areas of practice (16.02)
• Fees and billing strategies (18.43)
• Serving clients investing in cryptocurrency (21.22)
• Important advice practitioners can offer to clients early in their careers (23.51)
• A page from David’s travel journey (24.54)

AICPA resources

• Virtual currency tax guidance and resources — Sharpen your cryptocurrency tax skills and advise clients on virtual currency tax complexities and strategies.
• Personal Financial Planning — Navigating personal finance decisions is more complex than ever. Your position as a trusted adviser in tax, retirement, estate, risk management and investment planning is critical to helping clients prepare for the future. Here's everything you need to know to serve as their primary point of contact.

 Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders in the AICPA Tax Section. The Tax Section Odyssey podcast includes a digest of tax developments, trending issues and practice management tips that you need to be aware of to elevate your professional development and your firm practices.

This resource is part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you’re not already a member, consider joining this prestigious community of your tax peers. You’ll get free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a digital subscription to The Tax Adviser.