new legislation on qualified plans and iras can help accountants grow their practices.
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quick tax tip
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the world of qualified plans and iras has been flooded with legislative updates, and many accountants are still catching up with secure act 1.0, let alone the more recent secure act 2.0.
as 2020 introduced both the covid-19 pandemic and a slew of legislative shifts, accountants found themselves grappling with the dual challenge of pandemic-related legislation and the original secure act. many missed the chance to fully understand and implement the updates from secure 1.0, and now, with secure 2.0, the tax planning landscape has become even more complex.
from new rules to expanded planning options, this area offers rich potential to build a stronger practice, providing critical guidance to clients in a time of constant change. by understanding these regulations, accountants can position themselves as trusted advisors, seamlessly integrating these tax planning opportunities into their broader practice offerings and earning appreciation from clients.
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