Economic Necessity Alters Daily Routines

The recession is forcing accountants to spend more time on cost-cutting initiatives, according to 59% of respondents to a survey by Ajilon Finance and the Institute of Management Accountants. In general, 75% of accountants said their job responsibilities have shifted because of the economic turmoil. Accountants also said they are spending more time on risk assessment initiatives (27%) and providing general financial advice to their companies (27%).


The vast majority of accountants (73%) do not expect the economy to move out of recession until 2010. Seventeen percent said the recovery would happen by the fourth quarter of 2009.





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.