A Taxing Workload


NUMEROLOGY 

Americans worked an average 116 days last year to pay their taxes, with federal taxes accounting for 77 days and state/local taxes, 39 days. How does this measure up against your other major expenses?

Housing and household operation: 62 days
Health and medical care: 52 days
Food: 30 days
Transportation: 30 days
Recreation: 22 days
Clothing and accessories: 14 days
All other: 39 days

Note: “All other” grouping includes a two-day negative rate for savings.

Source: The Tax Foundation, www.taxfoundation.org .

SPONSORED REPORT

In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.

PODCAST

A closer look at threats to CPA licensure

Legislation in states around the country could put CPA licensure in danger. This episode examines what practitioners need to know to help ensure the profession is protected.