The article "A New Day for Business Combinations" (June 08, page 34) misstated the treatment under FASB Statement no. 141(R) of contingent consideration involving shares. The article should have stated that contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity.

The article "Long-Term Care Insurance and Tax Planning" (Aug. 08, page 44) incorrectly characterized tax law concerning eligibility of long-term care (LTC) expenses for coverage under flexible spending arrangements (FSAs). The article should have said that FSAs (and health reimbursement arrangements that are FSAs) cannot be used to pay for either LTC insurance premiums or LTC expenses.


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.