Advising Clients in Tough Times

Includes information on the American Recovery and Reinvestment Act of 2009!

We are experiencing an unprecedented financial crisis, with access to credit virtually at a standstill, record numbers of people losing their homes, investments and retirement savings being slashed or even wiped out by stock market swings and financial frauds, and the unemployment rate up to a very high level. Clients are looking for guidance and reassurance to help them get through this tough economic period with as little downside as possible and to plan for their and their family's future. Be prepared to anticipate their questions and address their concerns with the help of this book.

In handy download format, this book helps you answer clients' most pressing questions and provide them with tax and financial strategies to weather the storm. Authors Barbara Weltman and Sidney Kess explore opportunities available through existing programs as well as the recently enacted American Recovery and Reinvestment Act of 2009. Organized by topic, this book offers answers to the most common questions clients are asking their CPAs, including:

• Your Client's Home
• Should I buy a home now or wait for better times?
• What can I do to improve my chances of getting a mortgage (or one that has a low rate)?

• Your Client's Job
• Am I taxed on severance pay?
• My employer is continuing to pay my health coverage for a period of one year after my employment ends. Is this taxable to me?

• Your Client's Business
• I need to lay off staff in order to stay afloat. What are my payroll obligations?
• I think I've cut my expenses to the bone. How can I find new ways to save money?
• My bank has reduced my line of credit, but I still need money. Where can I find capital now?

As a trusted advisor, you know that each client's situation is unique. Recognizing that clients may be embarrassed by their current economic situation, this book helps you tailor strategies to address particular needs and communicate them with sensitivity.

Note: This product is an electronic download file that will be accessible immediately after completing your purchase. Access to this file – from the My Download page – expires 90 days from purchase date.

Please note this product purchase is non-refundable. For more information about this product or service concerns, please contact the AICPA Service Center at service@aicpa.org or call 888-777-7077.