Rebates to Relieve Debt

When it comes to tax rebate checks, American consumers may not be so eager to spend, spend, spend.

A CCH and Harris Interactive survey asked 2,020 adults what they would do with a broad-based tax rebate. Their responses were:

Pay down debt - 47%

Save it - 32%

Spend it - 21%

Across all income levels, paying down debt was the most common response. In terms of employment status, only 17% of respondents working full time said they'd spend the rebate, while 29% and 32% of unemployed and retired respondents were likely to spend it.

Source: CCH Complete Tax survey,



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.