Legislation | AccountingWEB.com

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

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

Washington,DC,Capitol,Legislation,Senate,House_of_Representatives,Congress

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.

IRS Gears Up for Health Care Law Appeals

01/17/2012 - 16:17 - 2271 reads

The IRS is bracing itself for the implementation of the massive new health care legislation. A few select provisions in the Affordable Care Act have already taken effect, but the most controversial sections of the new law are not scheduled to kick in until 2014.

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.

Congress Salutes Veterans with New Hiring Tax Credits

11/21/2011 - 15:28 - 2477 reads

Just a week after this year's Veterans Day, President Obama signed new legislation providing a tax credit to employers who hire military veterans. The VOW to Hire Heroes Act is a small piece of a much larger jobs bill that has stalled in Congress.

Obama's Student Loan Plan: Relief for College Consumers?

11/08/2011 - 13:32 - 3136 reads

Obama's "pay as you earn" student loan program is designed to provide relief to students by making their college loan payments more affordable and easier to pay.

Your Social Security Check Is NOT in the Mail

10/13/2011 - 13:45 - 2650 reads - 1 comment

Do you have clients who still receive their Social Security checks in the mail? Mail carriers won't be dropping them in your clients' mailboxes in the near future.

Supreme Court to Decide on Tax Audit Statute of Limitations

10/06/2011 - 22:40 - 2448 reads

Can the Internal Revenue Service go as far back as six years to audit taxpayers, or is it limited to a three-year period?

Will Congress Green Light the Main Street Fairness Act?

09/29/2011 - 23:05 - 2322 reads

As more Americans continue to shop by entering just a few keystrokes, new proposed legislation could return foot traffic to traditional retail outlets.

Recap of tax winners and losers in new jobs bill

09/29/2011 - 10:48 - 4204 reads

President Obama has proposed a number of significant tax changes in the American Jobs Act of 2011, including payroll tax cuts, tax credits to encourage hiring, extension of the 100 percent bonus depreciation tax break, and several revenue-raisers.