Legislation

Tax

YouTube Video Features Medicare Surtax

"Benjamin Franklin said, 'In this world, nothing could be said to be certain, except death and taxes.' At least with taxes, they keep changing." Thus starts a new YouTube video entitled "Medicare Investment Income Tax."
Tax

The 'Hidden' Social Security Tax Change

Like clockwork, the SSA announces an increase in the annual Social Security "wage base" practically every October. This year is no exception. Among other changes, the SSA says the wage base will jump to $113,700 in 2013.
Tax

Accountants Debate How to Advise Clients on Health Care Act

While the IRS is telling congressional leaders that it won't enforce the requirement under the new health care law that Americans buy insurance, accountants are considering how to advise their clients.
Tax

IRS Guides Employers on 'Play-or-Pay' Rules

In the wake of the Supreme Court upholding the PPACA, it's time for employers to get down to work. In particular, business clients must soon establish which employees will be covered under the "play-or-pay" rules.
A&A

FEI Releases Congressional Scorecard for 112th Congress

Financial Executives International (FEI) has announced the release of its first-ever "Congressional Scorecard," which rates lawmakers' records on their votes for or against FEI's priority legislative issues.
Tax

NYSSCPA Briefing on the Affordable Care Act

Two months after the Supreme Court decision that found the Affordable Care Act constitutional, compliance deadlines for the complex tax provisions that support the individual mandate are approaching rapidly.
Practice

The Rise in Pregnancy Disability Regulations

Disability claims are always challenging for employers, but this is especially the case when pregnant workers suffer complications that leave them unable to perform their normal job duties.
Practice

CPAs Examine Impact of Health Care Reform

Since the US Supreme Court decision to uphold the majority of provisions of the health care reform law, most small business owners, and the CPAs who serve them, have begun to scrutinize how the law will impact them when implemented in 2014.
Tax

NAEA Takes on Outdated Tax Provisions

The NAEA has announced its intent to focus its advocacy efforts on tax code provisions in desperate need of reform and to work with other interested stakeholders in requesting that Congress address this important issue.
Tax

IRS Fears Tax Refund Delays

Do you think this year's tax return season was a nightmare? Wait until next year! The upcoming election and its potential fallout have IRS officials tossing and turning at night as they contemplate another year when expiring tax provisions will go down to the wire.
Tax

House Approves Firing of Tax-Delinquent Federal Workers

The House approved legislation on July 31 that would require the federal government to terminate workers with "seriously delinquent" tax debts.
Tax

Dems Claim Hollow Victory on Tax Cut Bill

It was closer than initially expected, but the Senate approved a bill on July 25 to extend lower income tax rates for most Americans.
Practice

Criminal Background Checks and Hiring Practices

Criminal background checks for job applicants have become standard operating procedure for many companies. However, companies that routinely conduct such background checks should look at their current policies and procedures.
A&A

Health Care Law Decision - Uncertainty for Employers

Now that the U.S. Supreme Court has answered the biggest question related to President Obama's health care law, employers now face the uncertainties of implementing it.
A&A

CPAs Examine Impact of Health Care Decision

The Supreme Court ruled to uphold much of the PPACA, which puts in motion the expansion of the health care system, including the individual mandate requiring all U.S. citizens to maintain minimum health care coverage or pay a penalty.
Practice

President Pushes Small Biz Tax Credits

June 8, President Obama hosted a White House press conference to urge Congress to pass “in full” the “bipartisan” jobs plan he introduced in September 2011 and the tax credits listed in his “job creating To-Do List for Congress.”
Practice

Potential of Disabled Worker Quotas on Federal Contractors

Companies with federal government contracts or subcontracts may soon risk losing their contracts if they do not meet quotas to hire more disabled workers.
Tax

Nurses Rally for a New Wall Street Tax

The liquor and tobacco industries are frequent targets of "sin taxes" aimed at drumming up revenue from sources that cater to certain vices. But the latest call for a sin tax is directed at a group that's decidedly more button-down than bootleggers and barkeeps: Wall Street brokers.
Tax

Facebook's Saverin: Senators Propose Crackdown on 'Friends with Tax Benefits'

Two US Senators are feeling anything but friendly toward Eduardo Saverin, one of the cofounders of the social networking site Facebook. They have proposed new legislation, called the Ex-PATRIOT Act, which would impose a mandatory 30-percent capital gains tax rate for expatriates on all future investment gains.
A&A

Summer Rental Season Kicks Off - Extra Tax Points for Owners

According to a new survey by Deloitte, more Americans will be traveling this upcoming Memorial Day holiday than they did last year. This could be welcome news to clients who own rental properties as the traditional vacation season kicks into high gear. But some dark clouds still loom on the horizon . . .

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