Practice news September 2010

Practice

Employers shift health care costs to employees

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.

Sep 7 2010

5050

A&A

IRS explains 2011 changes to flexible spending arrangements

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.

Sep 7 2010

5152

Practice

Afternoon not so delightful for many workers

If you're constantly battling the afternoon slowdown at work, take heart because you're not alone. A recent survey of senior managers confirms the late afternoon is the most common time for workers to hit the proverbial wall.

Sep 3 2010

2412

Community News

Pigs might not fly, but for Somerset CPAs, they can drive a racecar

Indianapolis is known as "The Racing Capital of the World," and it just so happens there are employees at Indianapolis-based Somerset CPAs P.C. who follow auto racing. So it’s no surprise that the firm created and entered a racecar-themed structure for the CANstruction event at the Indiana State Fair.

Sep 1 2010

4477

Practice Development

Know thy client

Use what you know to take care of your clients. Ensure that they get the most relevant and timely advice from their proven and reliable source – their accountant.

Sep 1 2010

2668

Pages

Voice of the Editor

What would you do if one of your clients won the lottery? We asked several accountants to weigh in with their advice for the lucky Powerball winner, and the tips we received are useful for anyone who receives a windfall, whether it's a lottery win, an inheritance, a big bonus on the job, or a killing in the stock market.