Archived News for Tax & Accounting Professionals

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

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

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