A Slowing Economy Affects Charitable Donations

It’s the giving time of year, but will the checks to charities be a little smaller this year?

A 2008 examination of the Giving USA report on charitable donations by the Giving USA Foundation, a research and education organization for philanthropy, found that giving slows slightly during recessions.

In the five recessions since the one from 1973 to 1975, giving fell an average of 1.3%, adjusted for inflation.

In nonrecession years, from 1966 through 2006, giving rose an average of 4.3%.

Source: Giving USA Foundation, www.givingusa.org.



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.