IRS official who "took the Fifth" ousted from position at agency

WASHINGTON (AP) — Moving quickly to stem a raging controversy, the new acting head of the Internal Revenue Service started cleaning house Thursday by replacing the supervisor who oversaw agents involved in targeting tea party groups. A day after she refused to answer questions at a congressional hearing, Lois Lerner was placed on administrative leave, according to congressional sources. Sen. Chuck Grassley of Iowa, a senior Republican on the Senate Finance Committee, said Lerner was...
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IRS official who "took the Fifth" ousted from position at agency

Moving quickly to stem a raging controversy, the new acting head of the Internal Revenue Service started cleaning house Thursday by replacing the supervisor who oversaw agents involved in targeting tea party groups.

News • May 23rd, 2013
'Tax Free New York' offers 10 years of zero sales, property & business taxes to new Upstate companies

New businesses would operate completely tax free for 10 years, including no income tax for employees, as well as no sales, property or business taxes.

News • May 23rd, 2013
IRS announces third quarter 2013 interest rates

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

News • May 23rd, 2013
Some employers challenge contraception mandate in healthcare law

Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of...

News • May 23rd, 2013
Ohio companies set to create 1,108 new jobs

Ohio Governor John Kasich announced Tuesday the approval of assistance for 10 projects set to create more than 1,100 jobs and retain 21,264 jobs statewide.

News • May 23rd, 2013
Audit of Seattle schools finds trouble with federal grant spending

May 23--Seattle Public Schools may have to repay as much as $490,000 to the federal government because state auditors say the district did not spend some of its federal grant money appropriately in the 2011-12 school year. The auditors, in one of...

News • May 23rd, 2013
Major retailers back out of credit card settlement, file suit against Visa and MasterCard

Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing.

News • May 23rd, 2013
Winners of 2013 Roger CPA Spirit Scholarship Announced

After receiving nearly 300 applications, Roger CPA Review has announced their 2013 Roger Spirit Scholarship recipients, selected from students across the nation. In addition to the Roger Spirit Scholarship, Roger CPA Review awards over 115 scholarships...

News • May 23rd, 2013
IRS places $170 million lien on Florida tribe for unpaid taxes on casino income

The Internal Revenue Service has slammed the Miccosukee Indians with a bill of $170 million for the West Miami-Dade tribe's failure to report and withhold taxes from its distribution of gambling profits to tribal members, according to court records.

News • May 22nd, 2013
Paylocity selected as one of the 'Best Places To Work In Illinois, 2013'

Independent payroll provider Paylocity Corporation, based in Arlington Heights, IL, has been named as one of the 2013 Best Places to Work in Illinois for the third year in a row and fifth time overall.

News • May 22nd, 2013
Maine governor proposes getting rid of state income tax

Gov. Paul LePage said Monday that his long-term goal is to eliminate Maine's income tax, but he reiterated his opposition to a plan before the Legislature that would cut the income tax rate in half while raising and lowering other taxes.

News • May 22nd, 2013
New Decision Support Network Launched to Help Payroll Departments

Bloomberg BNA has launched the International Payroll Decision Support Network. This new membership-based service combines Bloomberg BNA's custom research offerings with a collection of new global payroll products and resources accessible to...

News • May 22nd, 2013
1.3 million Canadians told to boil city water in Montreal

Over one million Montreal residents are being told to boil water their drinking water after a malfunction at Canada's second-biggest filtration plant.

News • May 22nd, 2013
New Small Business Administration program focuses on business lending for veterans

The U.S. Small Business Administration has started a new program aimed at helping returning veterans start new businesses.

News • May 22nd, 2013
Apple CEO defends tech giant's tax practices

Sen. John McCain, R-Ariz, charged at the hearing that Apple's tax practices violated the spirit of the law and, in a statement Monday, called them "highly questionable."

News • May 22nd, 2013

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