President Signs Bill Extending Aviation Taxes

On March 30, President Obama signed into law the Federal Aviation Administration Extension Act of 2009, PL 111-12. This act extends the taxes that fund the Airport and Airway Trust Fund through the end of September. The taxes had been scheduled to expire on March 31.


Specifically, the fuel excise tax in IRC § 4081 and the air travel taxes in sections 4261 and 4271 are extended through Sept. 30, 2009. The Airport and Airway Trust Fund authority under section 9502 is extended until Oct. 1, 2009.


The act also extends the Airport Improvement Program and other expiring authorities under the transportation title of the U.S. Code, title 49.



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.