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

Why cybercriminals are targeting CPAs

This free report expands on the most commonly found scams, why education and specialized IT knowledge help to lessen security vulnerabilities, and why every firm should plan carefully for how it would respond to a breach.

PODCAST

How tax reform — and Excel — are changing the CPA Exam

Mike Decker, the vice president of examinations at the AICPA, discusses changes being made to the exam as a result of tax reform — and about how Excel will now be available for use on the test.