President Signs the American Taxpayer Relief Act into Law

  • January 6, 2013

President Obama signed the American Taxpayer Relief Act into law on January 2, 2013. Read the highlights below for Individuals and...

Health Care Law Reaffirmed by Supreme Court

  • June 28, 2012

written by Patti Stoner The much anticipated Supreme Court ruling on the Health Care Act has been rendered today. In a...

Payroll Tax Holiday Extended for All of 2012

  • March 1, 2012

On February 22, President Obama signed the Middle Class Tax Relief and Job Creation Act of 2012. The new law extends...

Middle Class Tax Relief and Job Creation Act of 2012

  • February 27, 2012

On February 22nd, President Obama signed into law a much anticipated extension of the employee side payroll tax cut through the...

New 2011 1099-K Reporting Now Effective

  • January 13, 2012

Effective for the tax year 2011, there are significant changes for businesses that pay vendors via credit card or accept credit...

The American Jobs Act, President Proposes $447 Billion Jobs Package

  • October 4, 2011

The American Jobs Act of 2011, Special Report. President Obama has challenged Congress to immediately pass the American Jobs Act of...

Congress Approves Debt Ceiling Bill

  • August 4, 2011

The Budget Control Act of 2011, Special Report. On August 2nd, President Obama quickly signed the Budget Control Act after passed...

IRS Increases Business Mileage Rate

  • June 27, 2011

By Shelly Toft, CPA, Manager Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates...

IRS Releases Guidance for Grandfathering of Health Insurance Plans

  • July 2, 2010

The IRS has issued temporary and proposed guidance under which health insurance plans will be treated as grandfathered under the Patient Protection and Affordable Care Act (PPACA). Plans that are not grandfathered or that lose their grandfathered status will be subject to new shared responsibility requirements for employers after 2013. The IRS also provided the notice requirements that grandfathered plans must give to participants and beneficiaries.