Accounting
Top stories summarized by our editors
5/21/2018

One way to fix Social Security's finances would be to raise the Social Security taxes paid by workers and employers by 1.42 percentage points, according to researchers at Boston College. This would allow for funding at current benefit levels to continue through at least 2090. AICPA PFP/PFS members have access to The CPA's Guide to Social Security Planning.

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AICPA, Boston College
5/21/2018

Alimony will no longer be tax-deductible for divorce settlements reached in 2019 and beyond under the new tax law. However, couples may be able to manage the issue by substituting retirement funds in pretax savings plans in place of alimony.

5/18/2018

Paying off debt in retirement can seem challenging, but it is possible with proper planning. Here are seven steps for managing obligations, starting with reviewing your accounts.

5/18/2018

Data based on professional liability claims for 2017 can help CPA firms evaluate and address their risks.

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CPA
5/18/2018

The Internal Revenue Service has issued new procedures for contributions to charitable organizations, including rules for when donors can rely on information about an organization's tax-exempt status on the IRS database Tax Exempt Organization Search, which has replaced the print version of the list, IRS Publication 78, Cumulative List of Organizations Described in § 170(c).

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Internal Revenue Service
5/18/2018

Leaders should consider whether achieving their goals depends on the actions of other people. Open communication with key stakeholders is crucial to ensure team members understand the value of a particular objective.

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Inc. online
5/18/2018

Microsoft is rolling out two new data types and a new function to Excel. Learn more about the coming attractions.

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Financial Management
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Microsoft
5/18/2018

Business owners often oversee a wide variety of tasks, and using Google Docs effectively can help. Here are six ways to make the most of this tool.

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Inc. online
5/18/2018

Many women prefer working with female financial advisers, yet female advisers represent a little over 15% of the industry. DivaCFO co-founder Susan Bruno, CPA/PFS, provides steps we can take to fill the gap.

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AICPA Insights
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Susan Bruno
5/18/2018

US household debt rose 0.5% in the first quarter to reach $13.21 trillion, fueled by an increase in mortgage balances, according to the Federal Reserve Bank of New York. Mortgage balances increased by $57 billion.

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Reuters
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New York Federal Reserve