Senate Votes in Favor of Marketplace Fairness Act of 2013

On May 6, 2013, the U.S. Senate voted 69 to 27 to pass Senate Bill 743, known as the Marketplace Fairness Act of 2013 (Act). The bill’s stated purpose ... read more >

Regulation Changes for Reorganizations Involving Foreign Corporations

The U.S. Treasury Department recently issued regulations with guidance on cross-border reorganizations under I.R.C. Sections 367, 1248 and 6038B. The regulations ... read more >

Payroll Additional Medicare Tax for 2013


By Thomas Lisak

The additional Medicare tax on high-income earners went into effect on January 1, 2013. This tax was enacted as part of the 2010 health care legislation. ... read more >

Microsoft to End Support on Windows XP and Office 2003


By Karen Frank

Microsoft Business and Developer products, including Windows and Office products, receive a minimum of 10 years of support (5 years Mainstream Support ... read more >

Is Your Business Incorporated in the State of Delaware?

If your business is incorporated in Delaware or does business in the state, you may be required to file annual unclaimed property reports and remit abandoned ... read more >

Common 401(k) Administrative Mistakes

For Defined Contribution retirement plans with plan years ending December 31st, the conclusion of the following March 15th deadline traditionally represents ... read more >

Should the U.S. Move to a Territorial Tax System?


By Nishant Patel

The United States is one of the few remaining nations that have a worldwide tax regime in today’s global economy. Among the 26 members of the Organization ... read more >

Russell Golden to Chair FASB


By Michael Stetson

The Financial Accounting Foundation’s board of trustees has named Russell G. Golden as the next chairman of the Financial Accounting Standards Board, ... read more >

IRS Late Payment Penalty Relief Available to Many Taxpayers


By Eric Ingalls

If you are one of the many taxpayers who extended their 2012 federal tax return, the IRS has provided you with a potential freebie. If you end up having ... read more >