The certified financial planner board of standards
Article Abstract:
The Certified Financial Planner Board has made changes to its certification program, dealt with ethical and disciplinary problems, and had to adjust to changes in government regulation. The certification program has eliminated the graded requirement of experience and education and replaced it with a 3-year work experience requirement. Many disciplinary cases were heard in 1997 resulting in suspensions, revocations, and other dispositions. The Investment Advisers Act which was effective July 8, 1997 divided regulation of investment advisors between the SEC and state agencies.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1998
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Inventory costing problems plague the American collectibles industry
Article Abstract:
The nature of the way many collectible businesses acquire stamps, coins or other items for resale can complicate efforts to comply with inventory accounting laws and can distort reported costs. The most challenging forms of acquisition are exchanges and lump-sum purchases. Many collectors are not aware that exchanges are taxable transactions. The individual costing that IRC section 471 appears to require can be onerous for purchases of large collections of low-value items. When such collections are purchased, high-value items should be separated and valued individually.
Publication Name: Taxes: The Tax Magazine
Subject: Business
ISSN: 0040-0181
Year: 1996
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