A Different Approach


The Ins and Outs of SERP Swaps(JofA, Oct.00, page 44) indicates that income and estate taxes consume 83% of assets and future growth. This high taxation computation is achieved by applying the 31% income tax rate twice, once for accumulating the assets and again for earnings on the investments. However, the increase in wealth to descendants is only the original accumulation and does not include the subsequent earnings on investments.

I suggest that the pie chart show the following:

Recommended assets and future growth

Victor G. Trivett, CPA


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.