Government News
The latest news about legislation and proposals from Congress and the White House, including tax reform and financial reform, along with coverage of hearings in the Senate and the House of Representatives, and news from agencies like the SEC.
Congress Introduces Bill to Modify Definition of “Fiduciary” for ESOP Appraisers
A trio of lawmakers in Congress have introduced a bill in the House that would modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to make clear that appraisers of employee stock ownership plans are not fiduciaries under ERISA. Read more »
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SEC Gets New Chairman as Senate Approves Ex-Prosecutor Mary Jo White
April 8, 2013The U.S. Senate confirmed Mary Jo White to lead the Securities and Exchange Commission, putting... Read more »
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Congress to Solicit Tax Reform Ideas via Social Media
April 8, 2013The leaders of Congress’s main tax-writing committees said they plan to ask for proposals... Read more »
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GAO Faults SEC’s Accounting Procedures
April 5, 2013An audit by the Government Accountability Office of the Securities and Exchanges... Read more »
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Obama’s Budget Would Cap Romney-Sized Retirement Accounts
April 5, 2013President Barack Obama’s budget proposal would cap multimillion-dollar tax-favored... Read more »
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Obama Budget to Include Tax Bracket Changes
April 5, 2013President Barack Obama’s budget plan will incorporate deficit-cutting proposals that include... Read more »
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Employers Added Just 88,000 Jobs in March
April 5, 2013The unemployment rate dipped a tenth of a percentage point to 7.6 percent in March, although... Read more »
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IRS Expands Identity Theft Assistance Program
March 31, 2013The Internal Revenue Service is expanding a program nationwide to help law enforcement get access... Read more »
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U.S. Seeks Answers in Liechtenstein on Banks Helping Tax Cheats
March 25, 2013The U.S. has asked Liechtenstein to hand over data on foundations that may have been used to hide... Read more »
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Senate Democrats Pass Budget with Tax Increases
March 24, 2013The Senate narrowly passed a budget for the first time in four years on a mostly party line vote,... Read more »
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Congress Considers Changing Taxation of Derivatives
March 22, 2013The House Ways and Means Select Revenue Measures Subcommittee held a hearing this week to discuss... Read more »
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Senators Lay out Tax Reform Options and Consider Re-imposing Tax Preparer Regulation
March 22, 2013The two leaders of the Senate Finance Committee, Chairman Max Baucus, D-Mont., and ranking... Read more »
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U.S. Wind Industry Hanging on IRS’s Definition of ‘Construction’
March 22, 2013As U.S. lawmakers drafted a bill extending wind-energy tax credits in August, they revised a key... Read more »
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House GOP Passes Paul Ryan’s Budget Plan
March 21, 2013House Republicans have passed the budget plan introduced by House Budget Committee chairman Paul... Read more »
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IRS Asked to Detail Costs of Implementing Health Care Reform
March 21, 2013The chairman of the House Ways and Means Oversight Subcommittee is calling on the Internal... Read more »
Search Accounting Today
Women in Accounting: Breaking the Mold
May 21, 2013
A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.
IMA’s Jeff Thomson on the Role and Skills of Management Accountants
May 8, 2013
Institute of Management Accountants president and CEO Jeffrey Thomson discusses why accounting students should consider management accounting as a career, and the IMA's partnership with John Wiley & Sons.
SLIDE SHOW
Top 10 Tech Initiatives -- 2013
May 5, 2013
The AICPA's annual list of IT priorities for accounting firms.
Common E-mail Security Mistakes
April 23, 2013
These five bad habits can make your confidential information -- and that of your clients -- easy to steal.
The Art of the Tax Cartoon
April 9, 2013
A selection of tax cartoons from Philly tax firm Drucker & Scaccetti's 'Finding Humor in Taxes' exhibit.
