Archived News for Tax & Accounting Professionals

Report: Low wages put many WalMart workers on assistance

WalMart Stores Inc. wages are so low they force many of its employees onto the public doles, creating a drag on taxpayers and the economy, according to a new report from the staff of congressional Democrats.

News • June 10th, 2013

In attempt to avoid bankruptcy, Detroit offers creditors less than 10 percent

Detroit's attempt to avoid bankruptcy will hit a critical stage next week as emergency manager Kevyn Orr brings together dozens of creditors to present a stark offer: less than 10 cents on the dollar for the loans, bonds, retiree obligations and other...

News • June 10th, 2013

Ohio Senate passes state budget

The Ohio Senate passed the two-year, $61.7 billion budget today along party lines, offering up tax cuts for business owners and more money for schools, including 13 of 16 in Franklin County.

News • June 10th, 2013

Pennsylvania group wants elimination of property tax

They revenue-neutral legislation proposes to eliminate school property taxes and raise the state income to 4.34 percent and sales taxes to 7 percent in its place.

News • June 9th, 2013

IRS to cancel two e-Services products used by many tax professionals

IRS canceling Disclosure Authorization of Form 2848 and Electronic Account Resolution (EAR). Tax practitioners react strongly, petition the IRS to reverse course on e-Services scale back

News • June 9th, 2013

New Florida law speeds up foreclosure process

In the week before Florida Gov. Rick Scott's deadline to sign a bill that would speed up the state's residential mortgage foreclosure process, bank employees flooded his inbox with a form letter urging his approval.

News • June 9th, 2013

How can jobs and unemployment increase at the same time?

The U.S. economy added a solid 175,000 jobs in May, but the unemployment rate rose to 7.6 percent from 7.5 percent.

News • June 9th, 2013

In Kentucky, not paying taxes can result in loss of drivers and professional licenses

Beginning July 1, Kentuckians who don't pay their state taxes can lose their drivers and professional licenses and their ability to register and license a vehicle.

News • June 9th, 2013

American borrowing up $11B in April

Americans borrowed more in April to attend college and buy cars and were a little less cautious with their credit cards than the previous month.

News • June 9th, 2013

New Oklahoma tax bill challenged by attorney as unconstitutional

Oklahoma City attorney Jerry Fent challenged a highly touted tax-cut bill Thursday. Fent filed suit with the Oklahoma Supreme Court alleging that House Bill 2032 violates the state Constitution because it contains more than one subject.

News • June 9th, 2013

Ohio Governor trying again on fracking tax

Ohio Governor John Kasich is trying to revive a twice-killed new severance tax on shale drilling by offering to send some of the proceeds back to 33 counties in Ohio's Appalachian region.

News • June 9th, 2013

Maine bill to get marijuana legalization on ballot loses by 4 votes

The Maine House fell four votes short Friday of endorsing a measure that would move Maine closer to a statewide vote on legalizing recreational use of marijuana.

News • June 8th, 2013

Hard Times for the GPS Market

These are not easy times for the commercial GPS marketplace. That may seem peculiar to those who have grown up with these devices.

News • June 7th, 2013

New cloud-based accounting system for manufacturers

The system will enable manufacturers to efficiently manage their production related activities so they can grow and be profitable.

News • June 7th, 2013

HR pros believe new college grads are lazy and disloyal

Young professionals often face challenges when seeking a job, and their age can be one of the first negative impressions. According to a recent survey conducted by online career network Beyond.com, there's a vast difference in how job seekers view...

News • June 6th, 2013

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