About the
Community Action Plan
Who We Are
CPAs who work in or lead a
family office, manage the financial function of a family owned business,
serve as an advisor to a family controlled entity, or who represent, advise, or
work closely with family businesses.
What We
Do
The purpose of the community
is to collaborate in considering the specific challenges that advisors in this
arena face, to become further educated, and to consider a set of “Best
Practices” for optimal functioning in a family controlled
environment.
Among the family
office functions the community considers are:
- Financial and
Accounting Oversight
- Investment
Oversight
- Consolidated
Reporting
- Income Tax Planning
and Compliance
- Estate Tax Planning
and Compliance
| - Fiduciary
Accounting
- Charitable
Oversight
- Treasury
Functions
- Personnel
Oversight
- Family Member
Education
|
Generally, the community
will meet monthly in a forum to address, discuss, and further educate its
members and members of the Society on the above functions. Community
members may be asked to author relevant articles for The CPA Journal and
the Trusted Professional and to provide guidance to other NYCPA members
on these matters through the Society’s helpline. The community will
consider “Best Practices” and plan educational activities, often involving
outside presenters. Meetings may have presentations which qualify
for CPE credit.
Who Should
Join
Society members involved
with the family office function or who advise or work closely with family
offices.