ON THE RECORD
“We believe that overly detailed, lengthy disclosures on plan
fees and costs may impair, rather than enhance, participants’ ability
to make informed decisions regarding their participant-directed plan
investments.”
— Treasury Benefits Tax Counsel W. Thomas Reeder,
at the
House Ways and Means Committee’s hearing
on retirement plan
fees and expenses, Oct. 30.
Source: U.S. Department of the Treasury, www.treasury.gov.
SPONSORED REPORT
6 key areas of change for accountants and auditorsNew accounting standards on revenue recognition, leases, and credit losses present implementation challenges. This independently-written report identifies the hurdles that accounting professionals face and provides tips for overcoming the challenges.
PODCAST
How tax reform will impact individual taxpayersAmy Wang, a CPA who is a senior technical manager for tax advocacy at the AICPA, answers to some of the most common questions on how the new tax reform law will impact individual taxpayers.