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Parking and Mass Transit Employee Benefits: NTEU's Kelley Wants Parity

02/03/2012 - 10:51 - 603 reads

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On January 31, 2012, the leader of the National Treasury Employees Union (NTEU) called on Congress to approve the S. 1034 – Commuter Benefits Equity Act of 2011, which would permanently establish parity between the parking and mass transit portions of the employee transportation benefit.

Governments and Private Companies Exploring Benefits of XBRL

01/31/2012 - 13:15 - 1460 reads

Congress is beginning to mandate the use of XBRL to track spending and improve transparency in government reports. Bills that contain language calling for the implementation of data standards, such as XBRL, have not yet passed into law, but the requirement could become part of the final payroll tax cut bill.

NTEU President: IRS Budget Cuts Will Hinder Services to CPAs, Clients

12/29/2011 - 12:04 - 1835 reads - 1 comment

While the threat of a government shutdown has been put to rest, NTEU president is still warning Americans that reduced funding embodied in the signed omnibus spending agreement will place an enormous strain on the ability of government agencies to fulfill their critical missions – particularly the IRS.

Payroll Tax Takes another Holiday

12/27/2011 - 12:53 - 3371 reads - 2 comments

Our nation's lawmakers finally agreed to a compromise extension of the so-called "payroll tax holiday." The new law signed by the president on December 23 – the Temporary Payroll Tax Cut Continuation Act of 2011 – keeps the payroll tax break alive for another two months.

Gingrich Says He'll Reduce Taxes and Reform Government Regulations

12/12/2011 - 16:25 - 1879 reads

When asked by Diane Sawyer during the December 10 GOP debate about his "distinguishing idea" to create jobs and bring jobs back from overseas, Gingrich stuck close to his "pro-growth Jobs and Prosperity Plan," which advocates lowering taxes and reforming government regulations to grow the American economy.

NTEU President Says Workforce Reduction Bill Undermines Essential Government Services

11/03/2011 - 15:13 - 1625 reads

The leader of the nation's largest independent federal employees union this week called on members of Congress to reject legislation that proposes what she is calling an "ill-advised reduction of the federal workforce threatening vital government services."

New report from the GAO flags problems with the IRS whistleblower program

09/21/2011 - 03:53 - 1525 reads

The Government Accountability Office (GAO) says that the revamped Internal Revenue Service (IRS) whistleblower program isn't doing its job. The program rewards people who turn in tax cheats in cases involving fraud of $2 million or more.

AGA announces annual Government Finance Case Challenge

09/14/2011 - 17:51 - 1496 reads

The best undergraduate accounting, finance, and business students in the country are invited to compete in the fifth annual Government Finance Case Challenge, sponsored by the Association of Government Accountants (AGA).

Kelley re-elected to fourth term as NTEU President

08/18/2011 - 11:27 - 1584 reads

On August 9, delegates to the fifty-third NTEU National Convention elected Colleen M. Kelley to a fourth term as president by a decisive 86-to-14-percent margin over her lone challenger. As the nation's largest independent federal union, NTEU represents 150,000 employees in thirty-one agencies and departments, including the Department of the Treasury, the Department of Health and Human Services, and the Department of Homeland Security.

With pension fund dwindling, Central Falls, RI, enters bankruptcy

08/02/2011 - 18:26 - 1652 reads

The smallest city in Rhode Island has landed in bankruptcy court after making retirement benefits promises it was unable to keep, a dilemma facing many municipalities across the country.