SHORTCUTS TO GOOD PLANNING
MAY PRODUCE TICKING TIME BOMBS
Roger Williams, writing in "Out with the Old, In with the New" in the January 2000 Currents, says that strategic planning
"lies still and vapid like a tired old fox terrier on the couch.
Technology-enabled - Top-performing planning
companies have a single common planning
and reporting system, and their management reporting systems are well-integrated with their transactional and operational systems.
If you don't want to start by talking with a fellow CPA, contact an attorney or a consultant who specializes in CPA-firm retirement planning
. "Retaining an attorney who also has a background in accounting ensures that you get the benefits of both professions," says Karp.
effectively allowing tax consolidations--should be a primary objective of global tax planning
and budgeting reengineering requires patience, intensive ongoing communication with employees, investment in new data-gathering software tools and, most important, the willingness of a company's finance group to evolve.
Another issue in planning
to avoid the Boggs limitation is the alienation of pension plan benefits under Sec.
"Professional service companies are starting to appreciate and protect the intellectual capital of a business," explains Pat McAnally, director of marketing at SunGard Planning
Solutions in Wayne, Pennsylvania.
Once these inquiries have been answered satisfactorily and it is determined that there is a need for insurance on the life or lives of the employer's principal owners to provide estate liquidity assure wealth transfer or satisfy a need for succession planning
, the tax deduction provided through the TOMME for these insurance needs will be a welcomed advantage.
The problem with planning
is that it usually involves only the financial view of the upcoming period.
US HHS has recently issued guidelines (1); however, specific planning
, problem solving, and funding are still left to the individual states.
The strategic planning
process began with the formation of a working group consisting of more than 20 NIEHS staff members and local area investigators.