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  • Congress Introduces Bill to Provide Tax Relief for Student Loan Borrowers

    July 30, 2014

    A pair of Democratic lawmakers have introduced a bill that would provide tax relief to student loan borrowers who have been granted debt relief after consistently repaying their student loan debt for at least 20 years, giving them an exemption from being taxed on the amount forgiven on the loans.

  • Where Do You Want to Be in Five Years?

    July 30, 2014

    Talk about one of the most overused questions related to goal setting! How clichéd is the question of where someone wants to be in five years? What do you expect them to say? I want to rule the world! I want to be making an obscene amount of money! I want to be successful in my career! I want to be retired and laying on the beach! I want! I want! I want!

  • In the Blogs: These Kids Today …

    July 30, 2014

    Highlights of some of our favorite tax-related blogs from the past week.

  • ADP Finds Private Sector Added 218,000 Jobs in July

    July 30, 2014

    Private sector employers added 218,000 jobs in July in a further sign of the rebounding economy, although the pace of job growth slackened from last month, according to the latest national employment report from payroll giant ADP.

  • Over a Third of Americans Have a Debt in Collections

    July 30, 2014

    Thirty-five percent of adults in the U.S. have a debt in collections reported in their credit files, a new study shows.

  • IRS Emails from Lois Lerner Refer to Right-Wing “Crazies”

    July 30, 2014

    Lois Lerner, the former director of the Internal Revenue Service’s Exempt Organizations unit, referred to “crazies” and “---holes” in an email exchange uncovered by Republican lawmakers on the tax-writing House Ways and Means Committee.

  • Cuomo Suspends 40 New York Tax Preparers

    July 30, 2014

    New York Governor Andrew Cuomo said Wednesday that 40 tax preparers across the state have been suspended by the state tax department under new regulations requiring them to file their own taxes.

  • Paychex Sees Small Business Employment Picking Up in July

    July 29, 2014

    Payroll processor Paychex and the research firm HIS reported an increase in small business employment in July, with states like Washington and Michigan leading the way.

  • IRS Mishandled Taxpayer Assistance Center Cutbacks

    July 29, 2014

    Reeling from a series of budget cuts in recent years, the Internal Revenue Service has slashed the customer service functions at its walk-in offices, but did not evaluate the potential impact of reducing or eliminating key services at 386 Taxpayer Assistance Centers prior to implementing changes at those locations, according to a new government report.

  • BDO Sees 22 Percent Revenue Increase

    July 29, 2014

    BDO USA LLP reported a whopping 22 percent revenue increase in fiscal year 2014, jumping to $833 million in the year ending June 30, compared to $683 million in fiscal year 2013.

  • Tobacco Companies Avoided Billion in Taxes

    July 29, 2014

    Tobacco makers were able to avoid paying billions of dollars in federal excise taxes by reclassifying their “roll-your-own” tobacco products as pipe tobacco, and small cigars as large cigars, according to a new government report and witnesses at a Senate hearing Tuesday.

  • IRA Withdrawals Increase with Age

    July 29, 2014

    Withdrawals from individual retirement accounts tend to be driven largely by people who are 70-½ or more, according to new research.

  • Capturing and Reinvesting the Savings from Information Lifecycle Governance

    July 29, 2014

    Corporate America is at a tipping point. According to an IDC report, the digital universe is doubling in size every two years and will reach 44 trillion gigabytes by 2020. Simultaneously, according to the Information Economics Assessment Kit published by CGOC (Compliance, Governance and Oversight Council), while the value of aging data decreases rapidly over time, the cost to manage it remains constant, creating an ever-increasing expense.

  • Disability Insurance Program Running Low on Funds

    July 28, 2014

    The scheduled depletion date for Social Security’s Disability Insurance Trust Fund is only two years away, in late 2016, according to a new government report.

  • Crowe Horwath Divests CFS to Employees

    July 28, 2014

    Crowe Horwath LLP has announced the sale of its subsidiary, Creative Financial Staffing, to its employees through an employee stock ownership plan.


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