Category: Tax News And Info
Budget deal sets IRS priorities
The budget deal passed Thursday by Congress includes a number of priorities and directives for the Internal Revenue Service. The appropriations bill includes $11.2 billion for the IRS, including money for the Tax Counseling for the Elderly Program, Low-Income Taxpayer Clinics, Volunteer Income Tax Assistance and the Taxpayer Advocate Service. Of the $206 million designated […]
In Scorpion Room, auditor gets scant look at drug contracts
(Bloomberg) Susan Hayes can’t forget the trek from the parking lot, across a dusty patch of Arizona desert, to a dingy building without air conditioning and through a door marked “Scorpion Room.” “Like something out of the Bates Motel,” said Hayes, a fraud investigator for employers, unions and health plans, and a longtime industry critic. […]
Analyzing House Republicans’ tax reform blueprint
The Congressional Research Service issued a report April 25 summarizing the proposed tax changes in the “Better Way” tax reform blueprint released last summer by congressional Republicans and projecting their economic impact in terms of distributional and equity issues, administrative issues, revenue effects, and other tax-related issues. The blueprint is likely to be one of […]
Trump relaxes political limits on tax-exempt religious groups
(Bloomberg) President Donald Trump took executive action Thursday to give churches and religious groups greater leeway to engage in politics without risking their tax-exempt status. “We are giving our churches their voices back,” Trump said in a Rose Garden ceremony to announce the action that included clergy and religious leaders in the audience. “No one […]
SEC chief confirmed in boost for Trump’s Wall Street agenda
(Bloomberg) The U.S. Senate confirmed lawyer Jay Clayton to run the Securities and Exchange commission, President Donald Trump’s first major Wall Street regulator to take office as the administration pushes to roll back financial regulations. Clayton, a partner at Sullivan Cromwell whose clients included Goldman Sachs Group Inc., won approval Tuesday in a 61 to […]
ADP finds private sector added 177,000 jobs in April
Private sector employers added 177,000 jobs in April, according to payroll giant ADP, in a sign that the hiring pace is slowing somewhat from last year. ADP also revised downward its job growth figures for March from 263,000 to 255,000. “In April we saw a moderate slowdown from the strong pace of hiring in the […]
5 ways to improve SAP processes in 2017
Change is hard — but organizations need to embrace change or risk falling behind the innovation curve. Start by taking a closer look at your most important business processes. SAP provides one of the most commonly used ERP (enterprise resource planning) platforms, and the German company’s tool provides powerful workflow management for key business processes […]
Trump’s corporate tax rewrite faces cost obstacle
(Bloomberg) President Donald Trump offered corporate America a sweeping tax vision whose ultimate promise of lower rates and more global competitiveness depends on one thing: longevity. Given the plan’s uncertain costs, longevity may be one thing the proposal can’t deliver. The tax plan released Wednesday by top economic adviser Gary Cohn and Treasury Secretary Steven […]
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