A Reader’s Viewpoint.

BY LEE T. JENNINGS

A Reader’s Viewpoint

“Outsourcing a 401(k) Plan” ( JofA, May01, page 30) , in my view, was little more than an advertisement for firms that are large third-party administrators.

I’m also an attorney, and the American Bar Association does the same thing for the large law firms. In my opinion, both the AICPA and the ABA cater solely to the bigger firms and give us smaller firms little, if any, exposure.

I am not a member of the ABA for this reason, and if I did not need to be a member of the AICPA to keep my term insurance in place, I would drop out of it as well. Other than offer “deals” on car rentals, the AICPA does little for the smaller CPA firms.

Lee T. Jennings, CPA
Chicago

SPONSORED REPORT

How to make the most of a negotiation

Negotiators are made, not born. In this sponsored report, we cover strategies and tactics to help you head into 2017 ready to take on business deals, salary discussions and more.

VIDEO

Will the Affordable Care Act be repealed?

The results of the 2016 presidential election are likely to have a big impact on federal tax policy in the coming years. Eddie Adkins, CPA, a partner in the Washington National Tax Office at Grant Thornton, discusses what parts of the ACA might survive the repeal of most of the law.

QUIZ

News quiz: Scam email plagues tax professionals—again

Even as the IRS reported on success in reducing tax return identity theft in the 2016 season, the Service also warned tax professionals about yet another email phishing scam. See how much you know about recent news with this short quiz.