A&A news January 2010 | AccountingWEB

A&A news January 2010


Supreme Court opens floodgates for political spending

On January 21, the U. S. Supreme Court held that sections of federal law barring corporations, unions, and other groups from spending money to espouse their views about public issues and candidates for office were unconstitutional restrictions on First Amendment protected free speech.

FEI files amicus curiae brief with Supreme Court in support of petition for review of Textron case

Financial Executives International (FEI) has filed an amicus curiae "friend of the court" brief with the Supreme Court of the United States in support of a petition for review of the U.S. vs. Textron case.

Does your 2009 P&L statement contain a hidden tax deduction?

What if there was one line on your P&L statement – a line that has a "hidden" deduction possibility - that could actually generate a significant tax advantage and put cash back into your pocket?

Congress extends COBRA subsidy

The COBRA subsidy, which was initially a provision of the American Recovery and Reinvestment Act of 2009 (ARRA), was extended in the Department of Defense Appropriations bill, which was signed by President Obama on December 21.

Keeping illegal immigration issues on ICE: U.S. immigration and customs enforcement shifts focus to employers

The images tend to be memorable and camera-friendly – federal agents stage a well-publicized bust on a manufacturing or meat-packing plant and cart off hundreds of undocumented workers.

Board recruitment: How to attract younger members

Where are all the young people? Forget the myth that they are not civically minded. You will likely find many young people volunteering on committees or assisting with events and fundraisers.

New guide provides information for tax-exempt organizations

The IRS recently published a new compliance guide for tax exempt organizations other than 501(c)(3) public charities, private foundations, and Section 527 political organizations.
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