As if he's not getting enough heat from Democratic opposition on his plan to overhaul the Social Security program, President Bush has now come under fire from leaders of the NAACP, who accuse the nation's chief executive of "playing the race card." Both NAACP chairman Julian Bond and official Dennis Courtland Hayes criticized Bush's rationale for having blacks support Social Security reform due to their shorter life expectancy, claiming that his statements in fact address major issues in health care. "Rather than playing the race card to set Americans against Americans, we urge the administration to address the long-term problems the system faces now," said Bond. "Recognizing the shorter life expectancy of people of color is commendable, but placing them further at risk is no solution." Bond made the remarks at a news conference, which was a prelude to an effort to defeat Bush's Social Security plan.
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The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks.
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The Internal Revenue Service, the Treasury and other parts of the government plan to phase out the use of paper checks for payments by the end of this month.
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The internal audit profession has been grappling with a greater array of responsibilities beyond checking up on corporate finances, including vetting companies' cybersecurity and use of artificial intelligence.
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Plus, AuditDashboard announces 8.0 release with Microsoft 365 and Copilot integration; Audit Sight releases new analytics module for insights; and other accounting tech updates.
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The program, designed for young accountants, begins September 24 and includes six virtual sessions worth 12 CPE credits.
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David Bundy announces retirement as Dean Dorton CEO; MassCPAs honors 2025 Women to Watch; and more news from across the profession.
September 12