ACA

A&A

Survey Finds CPAs Have a Bleak View on US Economy for 2014

CPAs in New Jersey, New York, and Pennsylvania believe economic conditions will likely be the same one year from now. While they predict higher business revenues for their states next year, they do not have the same optimism for workforces.
Tax

New Final Regulations Clarify Obamacare Tax Rules

Three provisions of the ACA may have a major impact on individual taxpayers and certain businesses beginning in 2013. The IRS has just issued voluminous new final regulations clarifying some of the rules.
A&A

Compliance Risks Now a Higher Priority for Auditors

According to a recent survey from the Audit Executive Center of the Institute of Internal Auditors (IIA), internal audit departments are putting a greater focus on compliance risks and less emphasis on SOX.
Tax

Camp Demands Obamacare Subsidy Data from IRS

Republicans are continuing their efforts to dig up dirt on Obamacare. On November 6, Dave Camp, powerful chairman of the House Ways and Means Committee, sent a strongly worded letter to IRS Acting Commissioner Daniel Werfel.
Tax

Sarah Hall Ingram Defends IRS on Obamacare

How's the rollout of the Affordable Care Act going? Just fine, thank you, according to IRS official Sarah Hall Ingram, who is running the tax collection agency's end of the operation.
Tax

IRS Can't Find $67 Million in Obamacare Funds

As if there wasn't enough controversy already swirling around the Affordable Care Act, now the TIGTA reports that the IRS can't account for $67 million stashed in a slush fund intended to help enforce the law.
Education & Careers

Accounting Managers Cautiously Planning to Hire More in Q4

Managers in accounting, finance, and IT are cautiously optimistic about their hiring plans for the fourth quarter of 2013, according to a new hiring outlook survey from staffing firm Brilliant.
Tax

Health Insurance Subsidies: Open for Business

It's not exactly like a new Walmart is moving in down the street, but the state-operated health insurance marketplaces will have their "grand opening" October 1.
Tax

Bloomberg BNA Projects 2014 Inflation-Adjusted Tax Rates

Bloomberg BNA last week released its projected US inflation-adjusted tax rates for 2014, which include many new amounts pertaining to the American Taxpayer Relief Act of 2012 and the Affordable Care Act.