Consumer Bankruptcy Soars

According to the American Bankruptcy Institute, consumer bankruptcy filings increased almost 40% in 2007.

Data from the National Bankruptcy Research Center showed 801,840 filings between Jan. 1 and Dec. 31, up from 573,203 filings recorded during the same period in 2006. ABI Executive Director Samuel J. Gerdano attributed the spike in filings to the mortgage crisis.

Source: American Bankruptcy Institute, .


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.