CPAs volunteering time to help not-for-profit organizations should keep regulatory and financial concerns in mind when planning fundraising events. By following certain steps, CPAs can effectively raise awareness about potential risks, avoid costly compliance issues and ultimately maximize the proceeds raised to help organizations fulfill their vital missions.
When investors turn to higher-risk investments for better yields, advisors say that is not necessarily a bad move. These bets, however, should represent a small portion of a client's portfolio, and the client should be prepared to lose money.
Technological advances and market forces are helping position outsourced accounting services as an attractive line of business for certain firms. Technology author and business consultant Geoffrey Moore lays out a four-stage process to developing a high-value business for client accounting services.
Financial advisers are working to help younger investors overcome fears of higher-risk investments, which may be the result of watching their parents' portfolios suffer in recent years. Some advisers suggest that investors in their 20s take small steps, such as incrementally increasing their stock holdings or buying large-stock funds with familiar names. Advisers also are promoting engagement for tech-savvy younger investors through smartphone and tablet applications.