Archived News for Tax & Accounting Professionals

Pennsylvania unions not following political contribution rules

Despite a contract requiring unions representing Pennsylvania state workers to reimburse the state for deducting voluntary contributions to political action committees, no such payments have been made, according to a sworn affidavit obtained by the...

News • June 11th, 2013

U.S. sees job growth, but market still tough for young professionals

What stood out in the May report was the job market's continued sluggishness for young adults in the 20-24 age group. Their unemployment rate rose slightly to 13.2 percent from 13.1 percent and remained considerably higher than the national average.

News • June 11th, 2013

$500 billion farm bill passes U.S. Senate

The Senate on Monday passed a five-year, half-trillion-dollar farm bill that expands government subsidies for crop insurance, rice and peanuts while making small cuts to food stamps.

News • June 10th, 2013

Virginia retailers report slight increase in sales in Q1 2013

Taxable sales in Virginia increased slightly in the first three months of 2013, according to the latest report from the state's department of taxation.

News • June 10th, 2013

Wineries facing labor shortage in California, could affect harvest and wine prices

Grape growers and farmers throughout California are facing a range of challenges finding and holding on to laborers as they head into harvest.

News • June 10th, 2013

Wealth lost during recession has been regained, but where?

The Federal Reserve said Thursday that U.S. household wealth jumped $3 trillion to $70.3 trillion in the January-March quarter this year. That topped the previous peak of $68 trillion in the third quarter of 2007, just before the recession began.

News • June 10th, 2013

Ohio women sentenced for using fake W-2s fo file bogus income tax returns

Three women convicted on charges of preparing fraudulent income tax returns were sentenced Friday by U.S. District Court Judge Jack Zouhary and ordered to repay the IRS.

News • June 10th, 2013

Small businesses bouncing back after tornadoes

Business will soon be booming in Moore, said City Manager Stephen Eddy. While 36 businesses were destroyed and others affected by power outages and restricted access following the devastation of the May 20 F-5 tornado, the city is bouncing back.

News • June 10th, 2013

Small beer brewers in Texas get more retail opportunity

There's little doubt glasses will be raised at brewpubs and microbreweries across Texas once the governor affixes his signature to legislation aimed at loosening restrictions on those industries.

News • June 10th, 2013

The 2013 List of the Best Accounting Firms for Women

Two professional groups focused on promoting the success of women accounting professionals have announced an annual list of the nation's best accounting firm's for women professionals.

News • June 10th, 2013

New leader for WeiserMazars Long Island office tax department

A partner at the firm since January 2012, he will be responsible for the day to day operations of the Long Island Tax Department including directing team members in compliance, tax planning, research and training.

News • June 10th, 2013

Report looks at FASB’s Proposed Accounting Standards for Leases

Thomson Reuters has released an overview of the Financial Accounting Standards Board’s (FASB) proposed accounting standards for leases.

News • June 10th, 2013

Small nonprofits getting cut in healthcare tax credit

Due to the federal budget impasse, certain small non-profits nationwide will see an 8.7 percent cut in a federal tax credit they have received since 2010 for providing health care insurance for their employees.

News • June 10th, 2013

IRS Income Tax Tables for 2014 Tax Season

The below tax tables were released by the IRS and are the official rates for individuals and married taxpayers when they file their returns before April 2014. These are, then, the official rates for tax year 2013, which ends Dec. 31, and for which...

News • June 10th, 2013

Mortgage industry seeing highest job growth in 5 years

Mortgage employers expanded their monthly payrolls, making a significant gain over the past year. The last time mortgage staffing was this strong was during the George W. Bush administration.

News • June 10th, 2013

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