Insurance | AccountingWEB.com

Insurance Standard Proposals Are Fatally Flawed and Unworkable, Says GNAIE

11/02/2011 - 11:29 - 1164 reads

Speaking at the AICPA/IFRS Foundation Conference on International Financial Reporting Standards in Boston recently, Jerry de St. Paer, executive chair, Group of North American Insurance Enterprises (GNAIE), said the current proposals and timelines advanced by the International Accounting Standards Board (IASB) contain fatal flaws.

Five questions to ask in your financial tune up

07/12/2011 - 00:29 - 2492 reads

Accountants from the Texas Society of CPAs have put together a collection of five key questions to ask yourself when doing a review of your personal finances.

What to tell your clients as health care reform takes effect

09/08/2010 - 09:22 - 3499 reads

Love it or hate it, your business clients have known for six months that the first bells of the Patient Protection and Affordable Care Act (PPACA) soon would begin to toll.

Employers shift health care costs to employees

09/07/2010 - 11:27 - 3785 reads

Workers on average are paying nearly $4,000 this year toward the cost of family health coverage - an increase of 14 percent, or $482, above what they paid last year, according to a new survey by the Kaiser Family Foundation.

IRS explains 2011 changes to flexible spending arrangements

09/07/2010 - 11:04 - 4360 reads

The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.

Virginia CPAs offer tips on preparing financially for disaster

09/07/2010 - 10:28 - 1056 reads

Peak hurricane season for Virginia and the Mid-Atlantic States has arrived. While it’s unsettling to think a natural disaster could affect you, emergencies can and do occur.

IRS can spell tax relief for disaster victims

09/06/2010 - 22:55 - 1609 reads

"I'm from the government and I'm here to help you" may be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster.

Diagnose tax rules in new health care law

05/13/2010 - 14:22 - 6495 reads - 1 comment

The new health care law finalized March 25 – the Patient Protection and Affordable Care Act – includes sweeping changes for both employers and individuals.

COBRA premium subsidy temporarily extended again

03/16/2010 - 22:34 - 3355 reads

On March 2, 2010, President Obama signed the Temporary Extension Act of 2010 (the “TEA”) extending the COBRA premium subsidy eligibility period for an additional month, through March 31, 2010.

SAS 99 — 17 ways to protect yourself from malpractice

10/30/2009 - 11:42 - 6889 reads - 3 comments

Congress mandated as Sarbanes-Oxley (SoX) for public companies and their auditors. Think of SAS 99 as SoX for everyone else.