Subject Root Tag

CCH has issued a new tax briefing explaining the Internal Revenue Service’s proposed regulations on the Additional Medicare Tax and Net Investment Income Tax that will take effect in January as a result of the health care reform law.

As Democrats demand tax concessions from Republicans to avert a collision over the federal budget, Senate Democratic leaders are signaling that they may be willing to trade an entitlement spending overhaul to secure a deficit- reduction deal.

The Internal Revenue Service and the Treasury Department have issued a set of proposed regulations on the 3.8 percent Net Investment Income Tax that takes effect next year as a result of the health care reform law, along with a FAQ page with questions and answers.

Cloud-based bill payment, invoicing, and cash management service provider Bill.com is now offering its integration with QuickBooks Online to those using QuickBooks Pro, Premier, and Enterprise, allowing them to integrate Bill.com into their financial management systems.

The American Institute of CPAs has written a letter to the Internal Revenue Service and the Treasury Department asking for changes in proposed regulations for tax practitioners.

Small business employers in the U.S. added 30,000 jobs in November, according to Intuit, while the hours worked and compensation also rose.

CBIZ said it found an uptick in small business employment in November, with its CBIZ Small Business Employment Index increasing 0.82 percent after a decrease of 0.89 percent in October.

SurePayroll found month-over-month hiring fell slightly by 0.1 percent at small businesses in November while the average paycheck size remained essentially the same.

The recession had little effect on the low participation rate of small business owners in signing up for retirement plans, according to a pair of new studies from the U.S. Small Business Administration.

It looks like U.S. dealmakers may have their hands full with M&A transactions next year.

Failure by Congress to act on the alternative minimum tax by year’s end will lead to “significant” delays in tax filing and a strain on taxpayers, said Steven Miller, the Internal Revenue Service’s acting commissioner.

Employers added 146,000 new jobs in November, decreasing the unemployment rate by two-tenths of a percent to 7.7 percent, the lowest level in four years, despite the effects of Hurricane Sandy.

President Barack Obama again warned lawmakers that the U.S. economy will suffer unless there’s an agreement on a way to prevent more than $600 billion in automatic spending cuts and tax increases from taking effect.

Referrals and word of mouth remain the strongest marketing tool for tax preparers and other professionals, and as the 2013 tax season looms, here are some valuable tips for preparers to use referrals in their practice.

The Private Company Council held its inaugural meeting on Thursday to discuss how accounting standards should be adjusted for privately held companies.

New hires, promotions and more

CONNECTICUT

While improvements have been made in the Internal Revenue Service’s information technology systems over the past year, the IRS still needs to do more to protect sensitive financial and taxpayer data and deliver new systems, according to a new report.

Dave Stende steps in as Eide Bailly LLP’s new managing partner and CEO-elect.

The Internal Revenue Service has released interim guidance and final regulations on the medical device excise tax that was included as part of the Affordable Care Act.