Scenario

Throughout this course, you have been required to explore resources regarding business entities, ethical considerations, tax laws, and more. For this activity, you will become the expert and create your own financial recommendations. As a tax professional, you will be faced with many scenarios where you will be asked to make recommendations. In a PowerPoint presentation, provide an overview of the importance of planning financial goals and explain how to create tax strategy to align to client$$s future goals. Be sure to consider the binding and persuasive authorities for tax laws while financial planning.

This activity will help you with Project Two, where you will be required to recommend an optimal improvement for a company$$s future financial goals.

Directions

Create a $4-$ to $5-$slide PowerPoint presentation slide deck with speaker notes outlining your financial plan for this client.

Specifically, you must address the following:

Describe the process of planning a client$$s future financial goals. Consider the following in your presentation:

The intake process and questions you will ask your clients

Ensuring you have a strong understanding of your clients$$ goals

Preparation before a meeting

Explain the approach of ethical considerations during tax planning strategies to align with an organization$$s future financial goals. Consider the following in your presentation:

Refer to Circular $230$ for tax practitioner responsibilities.

Consider ways to protect yourself from liability issues.

Consider the current economic environment and its impact on future recommendations. Consider the following in your presentation:

The effect of the current economic environment on client$$s business

Any tax incentives being offered

Discuss how to align client goals with current tax law. Consider the following in your presentation:

Current tax laws

Impacts of current tax laws on clients$$ future goals