gasb

May 28, 2014 

GASB Moves to Improve State and Local Government Health Insurance and Benefits Reporting

The Governmental Accounting Standards Board (GASB) has voted unanimously to approve two Exposure Drafts proposing significant improvements to financial reporting by state and local governments of other postemployment benefits (OPEB), such as retiree health insurance. The GASB also approved a third Exposure Draft that would establish requirements for pensions and pension plans that are outside…

Isaac M. O'Bannon

 IRS Nixes “Pump-and-Dump” Obamacare Strategy

May 27, 2014 

IRS Nixes “Pump-and-Dump” Obamacare Strategy

Employers can’t get around the Obamacare “shared responsibility” provision simply by giving employees tax-free cash to pay for health insurance from a state-run exchange. In effect, this would pump up a worker’s pay and dump them in the marketplace. According to a new question and answer (Q&A) posted on the IRS website, as initially reported…

Ken Berry, JD

 Worker at Texas Subway Sues Over Payroll Debit Card

May 26, 2014 

Worker at Texas Subway Sues Over Payroll Debit Card

Jake Branson earns $7.25 an hour making sandwiches at a Subway in Leander, Texas, a suburb of Austin. Those wages used to come in the form of a paper check. Starting last month, though, he began receiving his pay on a prepaid Visa card. Most of it, that is.

 Bay Area Workers Pushing for $15 Minimum Wage

May 26, 2014 

Bay Area Workers Pushing for $15 Minimum Wage

At $10.74 an hour, San Francisco already has the nation's highest big city minimum wage. But it could soon have company, as labor and community activists in cities from Richmond to Sunnyvale push wage increases that could turn the Bay Area into a high-wage hub.

 4 in 10 Workers Don’t Use All Their Vacation Days

May 22, 2014 

4 in 10 Workers Don’t Use All Their Vacation Days

As summer approaches, employees are busy planning long-awaited vacations. But a new Robert Half survey shows 39 percent of workers won't use all the paid vacation time they're given. The reasons: 38 percent are saving days in case they need them later, while 30 percent fear falling behind at work.

Isaac M. O'Bannon

 Resume Mistakes? HR Managers Becoming More Forgiving

May 21, 2014 

Resume Mistakes? HR Managers Becoming More Forgiving

Even in an era of typo-ridden texts and tweets, making a goof on your resume can still prove costly, according to a recent survey by Accountemps. Sixty-three percent of senior managers said just one or two resume mistakes would eliminate an applicant from consideration for a job.

thomson_10296414

May 20, 2014 

Thomson Reuters Offers Solution to Help Firms Market Healthcare Reform Services

As trusted financial advisors to millions of Americans and businesses, accounting firms are uniquely positioned to provide their clients with information and services regarding the Affordable Care Act. Thomson Reuters is offering a new solution to help firms market their expertise to clients and has released a tax act overview and monthly client marketing newsletter…