Five Things You Should Read

December 1, 2017

PwC to accept bitcoin payments, SEC’s Division of Corporation Finance Chief Accountant to step down.

Senate to Vote on Tax Bill at 11AM

Bloomberg

Senate Majority Leader Mitch McConnell said votes on the tax bill will resume at 11 a.m. on Friday as the collapse of a key compromise to win a majority for a Senate tax overhaul left Republicans scrambling to salvage the legislation. Republican John McCain of Arizona said in a statement Thursday that he’s decided to support the Senate tax bill -- helping GOP leaders get one step closer to passing their overhaul.

PwC to Accept Bitcoin Payments

Business Insider

PwC announced Thursday that it is accepting bitcoin payments from its clients. Accounting firms such as PwC and rival Ernst Young have shown more interest in digital currency than Wall Street banks. EY, for instance, joined the Bitcoin Association, a Switzerland-based bitcoin advocacy firm, in May.

SEC's Division of Corporation Finance Chief Accountant to Step Down

SEC.gov

Mark Kronforst plans to leave the SEC in early January after 13 years of public service with the investor protection agency. Upon Kronforst’s departure, Kyle Moffatt, Associate Director in Disclosure Operations, will become the Division’s acting Chief Accountant.

Retirement Readiness Isn't Determined by Your 401(k) Statement

Kiplinger

Accumulation is important when you’re young and trying to save as much as you can. But in retirement, that number at the bottom of your statement is mostly irrelevant. What you really need is a dependable distribution plan that will ensure you can maintain the lifestyle you want for as long as you live. It's important to look at all possible income streams you might have to depend on and how to make the most of each.

Survey Says Your Boss is Probably a Scrooge

Moneyish

According to a recent survey of 150 HR execs, while in 2016, just 30% of companies didn’t give year end bonuses or awards of any kind, this year, that number has jumped to 35%. Even if you do get a bonus this year, don’t expect your boss to shell out a bigger pot for you. Just 8% of companies who plan to award a monetary bonus say they will give more this year than last; in 2016, that number was 18%.