Retirement


The Institute released Understanding Social Security Reform: The Issues and Alternatives, a comprehensive analysis by AICPA tax, accounting and economic specialists of the benefits and drawbacks of many current reform proposals. The report assesses the program’s financial condition; its importance to the elderly living in poverty; how reform could affect the redistribution of income and workers’ retirement plans; how to balance investment risk with the pursuit of higher returns; and the funding challenges reform might involve ( www.aicpa.org/members/socsec.htm ). “The Social Security system’s viability affects most Americans,” said Thomas P. Ochsenschlager, AICPA vice-president of taxation, “so it’s important to thoroughly analyze the issues before making any changes. Our study adds knowledge to the debate.”

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A new line of business to consider

Technology assessments may open the door to new engagement opportunities for your firm. What is a technology assessment? How do you perform one? JofA Tech Q&A author J. Carlton Collins shows you in a detailed explanation.

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Maximizing the higher education tax credits

A counterintuitive strategy can save taxes by including otherwise excludable scholarships in gross income.