Tend Your Talent

Developing the next generation of leadership is how businesses can stay ahead of the curve, according to a finding by a recent survey. The Top Companies for Leaders Study sought to determine how actively CEOs get involved in bringing along the next generation of leaders. It found 85% of the best 20 companies were holding their leaders accountable for developing their direct reports, compared with less than half (46% ) of other companies. Respondents said education, assignment-based development and mentoring were all good, but would work only if senior leadership was accountable. In fact, more than half of the top 20 companies earmarked between 6% and 15% of incentive pay toward leadership development, and about a third allocated 16% or more.

The study, sponsored by human resources outsourcer and consultant Hewitt Associates and the Human Resource Planning Society, was based on 373 U.S. organizations with average revenue of approximately $8.3 billion and average employee size of nearly 30,000. Organizations that offer quality leadership development programs increase their chances for long-term success, says Walt Cleaver of the Human Resource Planning Society.


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.