Retirees should consider these tax issues | FASB makes 2nd effort to improve balance sheet debt classification | Tips for increasing retirement savings
September 13, 2019
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Retirees should consider these tax issues
Taxes in retirement can be a complex issue. Here are four factors for retirees to consider, beginning with the need to take a proactive approach to tax planning.
Kiplinger online (9/11) 
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Free audit tech webcast + CPE
The acceleration of new technology has put your audit practice at a crossroads. Join us on October 3 at 2:00 p.m. ET where you'll hear how to transform your audit processes and provide high-value service with the right technology. Register >
A&A Report
FASB makes 2nd effort to improve balance sheet debt classification
Incorporating comments on a previous proposal, the Financial Accounting Standards Board has issued a reproposal that is designed to improve guidance used to determine whether debt should be classified as a current or noncurrent liability on a classified balance sheet.
Journal of Accountancy online (9/12) 
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Tom Hood presents: The #FutureReady Firm
How do you innovate your accounting firm? Can you change your firm's culture for the better? Tom Hood, president and CEO of the Maryland Assoc of CPAs, details in this exciting webinar how to accelerate your firm to be "future ready". Register now.
Financial Focus
Tips for increasing retirement savings
If your retirement savings are falling short, consider automating the process. This article offers additional savings tips and a breakdown of average savings by age group.
U.S. News & World Report (9/12) 
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New Personal Financial Planning webcasts!
Check out these hot new PFP webcasts: Financial & Estate planning for the 99% (9/20), The Financial Planners' Retainer (9/24), Financial Planning Software (9/24), Blockchain for Financial Advisors (10/9), Marriage & Divorce after 2017 Tax Act (10/23). Explore all webcasts >
Tax Spotlight
Corporations have short period to apply for IRS CAP program
The Internal Revenue Service has announced it is opening the Compliance Assurance Process program to new applicants for the first time in years, but applications must be made between Sept. 16 and Oct. 31. The CAP program lets large corporations resolve issues before they file tax returns. Corporations must meet several criteria to qualify for the program.
The Tax Adviser online (9/12) 
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Career Development
How midcareer professionals can make better decisions
Some midcareer professionals struggle with strategic work decisions, slowing their advancement. Consulting with a mentor is one way to address the issue.
Harvard Business Review online (tiered subscription model) (9/5) 
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What startups can teach you about crisis management
CEOs of startups must be able to stay calm in a crisis, given the potential for a new company's failure. Learn from these leaders by maintaining the right perspective and by being solution-oriented.
Fast Company online (9/12) 
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Weak links: 3rd-party vendors and cyberfraud
Third-party vendors can pose significant risk to cybersecurity. In this podcast, learn how finance departments can mitigate that risk and take a proactive approach toward protecting data.
Financial Management (9/4) 
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Use these Excel tips to boost productivity
Here are some tips to get the most out of Microsoft Excel in Office 365. They include a list of useful keyboard shortcuts, as well as an explanation of the Status Bar.
OnMSFT (9/11) 
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Policy & Regulatory
3 major retirement bills await Senate action
The lives millions of Americans will experience in retirement could be shaped by three major pieces of legislation awaiting action in the Senate: the Setting Every Community Up for Retirement Enhancement Act, the Rehabilitation for Multiemployer Pensions Act, and the Retirement Security and Savings Act.
ThinkAdvisor (free registration) (9/11) 
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Market Update
Year-to-date deficit climbs above $1T
The budget deficit climbed in August, bringing the year-to-date tally for the first 11 months of the fiscal year to $1.07 trillion. That is up 18.8% compared with the previous year.
Reuters (9/12),  The Associated Press (9/12) 
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Maslow's Hierarchy 2.0: What's new in motivation
On the Go Beyond Disruption podcast, you'll hear about exciting research that reveals how world-famous entrepreneurs, athletes, artists and scientists access five motivation types to achieve the extraordinary -- and how you can, too.
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Revenue recognition: Your everything-but-the-kitchen-sink guide
It's the edition you've been waiting for. The AICPA's Revenue Recognition: Audit and Accounting Guide will prove to be your go-to source for ultimate ASC 606 guidance across 16 industries.
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Shonda Rhimes,
television producer, writer
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About the AICPA
The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 431,000 members in 137 countries and territories, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, not-for-profit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination and offers credentials for a number of specialized areas. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.
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