Per diem travel rates updated

Notice 2014-57 provides special per diem rates for use in substantiating certain business expenses taxpayers incur when traveling away from home for Oct. 1, 2014, through Sept. 30, 2015.

The incidental-expenses-only deduction remains unchanged at $5 per day for any locality of travel.

The special meals and incidental expenses rates for taxpayers in the transportation industry remain unchanged at $59 inside and $65 outside the continental United States.

The high-low substantiation method rates are $259 for travel to any high-cost locality and $172 for travel elsewhere within the continental United States.

The notice also lists high-cost localities with rates of $216 or more.


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.