Accounting

 Small nonprofits getting cut in healthcare tax credit

June 10, 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.

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

June 10, 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 debts that have been strangling the city for years.

 Ohio Senate passes state budget

June 10, 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.

 New Florida law speeds up foreclosure process

June 9, 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.