Pro Bono

The AICPA launched an online database ( ) where CPAs now can register as volunteers in 360 Degrees of Financial Literacy, the Institute’s program to improve Americans’ ability to manage their personal finances (see JofA , Aug.04, page 14, and ). Both member and nonmember CPAs are eligible to participate. Those who sign up will receive information on the profession’s national and state financial literacy activities as well as literature for making presentations about the program. The Institute will contact candidates whose geographic location, experience and areas of interest match volunteering opportunities.

Members of the Florida Institute of Certified Public Accountants (FICPA), some holding the Personal Financial Specialist (PFS) credential, provided free financial counseling services by phone—and, sometimes, in person—to those suffering losses caused by recent hurricanes. The CPA volunteers helped victims—who had called the FICPA’s hurricane help line at 800-342-3197—file insurance claims, report casualty losses on income tax returns and plan cash flow. Disaster Recovery: A Guide to Financial Issues, which the AICPA and the National Endowment for Financial Education had prepared for the American Red Cross ( ), was another source of information.


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.