Accounting
Top stories summarized by our editors
7/24/2017

The International Monetary Fund has downgraded 2017 economic forecasts for the US and the UK and has predicted growth will pick up in the eurozone, China and Japan. The IMF forecasts global growth of 3.5%, the same as its estimate in April.

7/24/2017

Departing foreign taxpayers are required to submit a sailing permit to prove they do not owe any US taxes when they leave the US. Here's what practitioners should know about who must obtain a sailing permit and the procedures for doing so.

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The Tax Adviser
7/24/2017

Besides lowering tax bills, a reduction in corporate tax rates could affect a company's deferred taxes. Here's a look at the scope of the issue and how to estimate the effect on your company.

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CFO
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corporate tax
7/24/2017

If a company conducts quarterly performance reviews, leaders might need to delegate the process to department heads. This article offers tips on how to make the review process a success.

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Entrepreneur online
7/24/2017

Quick Assist is a free tool in Windows 10 that helps a user remotely provide technical support to another user, with that person's permission.

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Windows 10, Windows
7/24/2017

A software upgrade known as Bitcoin Improvement Proposal 91 has received the support of bitcoin miners, letting the digital currency avoid a potential split.

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Reuters
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software upgrade, Bitcoin
7/24/2017

A plan by Senate Republicans to overhaul the health care system would raise costs for people with private insurance coverage and increase the number of uninsured people by 22 million over a 10-year period, the Congressional Budget Office said last week. The bill would also lower the deficit by $420 billion.

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Accounting Today
7/24/2017

Social Security's funding problems are fixable, says economist Alicia Munnell, who spent 20 years at the Federal Reserve Bank of Boston. She reviews some of the proposals on the table, noting that Americans will have to decide whether they want to cut benefits, raise taxes or do a little of both. For more information on Social Security, check out the Broadridge Advisor resource center, filled with ready-to-go, client-friendly communication tools (available to PFP/PFS Section members).

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Bloomberg
7/24/2017

Here is a look at how one taxpayer lost a tax deduction and incurred a significant penalty by overstating the value of a charitable gift. This article offers tips on avoiding similar situations, beginning with careful compliance when claiming these types of deductions. PFP/PFS Section members can dive deep into charitable giving strategies in Chapter 5 of the Adviser's Guide to Financial and Estate Planning.

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WealthManagement
7/24/2017

Eighteen states and Washington, D.C., tax inheritances or estates, a recent report from the Tax Foundation found. However, Delaware and New Jersey plan to eliminate their estate taxes in 2018, and several other states have raised their exemption levels for estate taxes.

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Tax Foundation