In a vote of 274 to 131, the House passed a measure on Friday that permanently extends the popular business R&D tax credit – which will add $156 billion to the deficit – despite a veto threat earlier this week from the White House.
The menu for May 7 features specials on Missouri gets an income tax cut, Congress’ struggles over web tax, new House Dems IRS scandal report, most US millionaires think inequality is a problem, and more.
An article posted yesterday by the website Tax Analysts questions whether the House panel broke the law when it publicly disclosed confidential taxpayer information in a letter to US Attorney General Eric Holder last month.
The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National Association of Colleges and Employers.
The menu for May 5 features specials on BofA shareholder meeting this week could be subdued, IRS challenging Caterpillar overseas parts deals, Swiss to US: treat our banks fairly in tax probe, and more.
The small business online accounting platform from Xero will now be the preferred core software used in H&R Block’s Small Business Program suite of services, the two firms announced last week as part of a new strategic alliance.
The menu for May 2 features specials on the tax extenders really ARE tax cuts, AstraZeneca nixes new Pfizer bid, revenue recognition crunch time, PCAOB looking to fill Standing Advisory Group terms, and more.
The menu for May 1 features specials on bills rolling out to stop IRS bonuses to delinquent workers, IRS chief addressing US companies’ offshore tax deals, CFOs bracing for new revenue recognition standard, and more.
According to a new report from economic and financial consulting firm Cornerstone Research, 47 accounting class-action lawsuits were filed against companies in 2013, up slightly from the 46 filed in 2012.
The legislation, which was supported by the AICPA, was passed in the Senate earlier this month and in the House yesterday. The bill will make federal government spending data publicly available online.