Obama Team Eyeing NY Fed Reserve's Geithner for Treasury Post

New York Federal Reserve Bank President Timothy J. Geithner will be nominated to become the next Treasury secretary, according to the Wall Street Journal. The newspaper cited a source close to the transition process.


“The Federal Bureau of Investigation began calling Geithner confidants this week, starting a vetting process of getting the economist and Fed veteran in place almost as soon as (President-elect) Obama is inaugurated the 44th president,” the story said. Obama is expected to introduce his economic team early next week.


Geithner would succeed Henry Paulson, who has held the post since July 2006.



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.