Social Security Benefits Increased

The Social Security Administration (SSA) announced that Social Security and Supplemental Security Income (SSI) benefits will increase by 3.5% this year. These benefits go up automatically based on the rise in the Consumer Price Index for Urban Wage Earners and Clerical Workers from the third quarter of one year to the corresponding period in the next. For Social Security recipients the new amounts begin in January 2001, and the average monthly benefit rises to $845 from $816. Increased monthly payments to SSI recipients began on December 29, 2000. The amount rose to $530 from $512 for individuals and to $796 from $769 for couples.


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.