The President’s Commission to Strengthen Social Security
calls for the establishment of “voluntary personal accounts” in which
workers would own their contributions and be able to pass them on to
heirs. The group has developed three model accounts and says any of
them would bolster Social Security’s financial stability and increase
benefits to participants. ( www.commtostrengthensocsec.gov/reports/Final_report.pdf
)
NEWS
IRS sets start date for tax seasonThe IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.
PODCAST
Why CPAs can’t wait on automation toolsWhat do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.