Accounting
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IRS Shares Five New Warning Signs of Incorrect ERC Claims
‘Unpredictable’ Election Clouds Tax and Economic Policy View
Sanders May Bring His Populist Brand to Powerful Senate Finance Committee
Accountant Gets Jail Time For Charging $3 Million on New Jersey Employer’s Credit Card
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.
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.
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.
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.
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
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
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.
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.