PPACA

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.
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.
A&A

AICPA Economic Outlook Survey: CPA Execs More Optimistic about Hiring

Despite optimism in the US economy dropping 4 percentage points in the third quarter of 2013, business executives continue to raise their expectations for hiring in the coming year, as the number of companies that plan to add new employees increased by 3 percent.
Tax

Treasury Issues Proposed Rules for Information Reporting by Employers and Insurers under Affordable Care Act

On September 5, the US Department of the Treasury and the IRS issued proposed regulations to implement the information reporting requirements for insurers and certain employers under the Affordable Care Act.
Tax

IRS Issues Guidance on Health Insurance Credit

Small businesses may already be eligible for a special tax credit for providing health insurance. After issuing guidance on the credit in the form of several notices the past few years, the IRS has now released new proposed regulations summarizing the rules.
Tax

NTEU Urges IRS Workers to Fight Obamacare Switch

The IRS is tasked with enforcing certain onerous provisions in the Patient Protection and Affordable Care Act of 2010, but the union representing IRS staffers is dead set against it.
A&A

Uncertain Prognosis: Industries Impacted by Health Care Reform

With key provisions of the Patient Protection and Affordable Care Act kicking in soon, industries navigating through a new health care environment present opportunities for accountants.
Tax

Royal Baby or Commoner - What's the Cost?

The royal baby finally arrived July 22, and one thing seems certain. His royal parents, William and Kate, won't need to think about such trivialities as hospital bills.
Tax

House Proposal Would Slash IRS Budget by 24 Percent

If certain Republican lawmakers have their way, the IRS will have less of the taxpayers' money to play around with. A new budget proposal would limit the IRS budget to $9 billion – a reduction of 24 percent.
Tax

Delay in Obamacare Rules Stirs Political Cauldron

The government is providing a temporary reprieve from one of the most onerous provisions in the monumental health care law often referred to as "Obamacare."
Practice

October 1 Deadline Looms for Obamacare Notices

The common perception is that most of the key provisions included in the Patient Protection and Affordable Care Act take effect in 2014. But employers should be advised that other responsibilities and rights kick in before then.

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