Highlights of The American Taxpayer Relief Act

The American Taxpayer Relief Act of 2012 (ATRA) averted the United States’ descent over the “fiscal cliff” — a combination of higher taxes and forced spending cuts scheduled to go into effect in 2013. The act prevented income tax rate…

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Supreme Court Defense of Marriage Act Decision

The Defense of Marriage Act (DOMA), enacted in 1996, is an all-encompassing statute that applies to more than 1,100 federal laws and regulations administered by various federal departments and agencies, including the Internal Revenue Service (IRS) and the Department of…

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Competing Proposals Fuel Tax Reform Debate

April, 2014. Tax reform, frequently discussed in Washington, got a boost from two recent proposals, one from the chair of the House tax writing committee and another from the White House. Rep. Dave Camp, R-Mich., chair of the House Ways…

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Congress Juggles Tax Issues

Short/Long-Term Issues Tax Debate Nearly half-way into the year, tax legislation has been hotly debated in Congress but lawmakers have failed to move many bills. Only one bill, legislation to make permanent the research tax credit, has been approved by…

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Supreme Court Upholds Healthcare Law

In what has been termed the most consequential decision of the decade, the Supreme Court generally upheld the Patient Protection and Affordable Care Act of 2010 (PPACA). The decision has far-reaching implications, many of which will financially impact businesses and…

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Highlights of The American Taxpayer Relief Act

The American Taxpayer Relief Act of 2012 (ATRA) averted the United States’ descent over the “fiscal cliff” — a combination of higher taxes and forced spending cuts scheduled to go into effect in 2013. The act prevented income tax rate…

Read More »

Large Employers: Affordable Care Act Tax Overview

Large Employers: Ongoing vigilance necessary to comply with tax-related provisions Employers face a variety of tax-related compliance requirements under the Affordable Care Act (ACA). Perhaps the most notable is the shared-responsibility provision, commonly referred to as “play or pay,” which…

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Small Employers: Affordable Care Act Tax Overview

Small Employers: Stay on the good side of changing requirements and opportunities Employers face a variety of tax-related compliance requirements under the Affordable Care Act (ACA). As a small employer, you need not comply with one of the most notable…

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Supreme Court Upholds Healthcare Law

In what has been termed the most consequential decision of the decade, the Supreme Court generally upheld the the Patient Protection and Affordable Care Act of 2010 (PPACA). The decision has far-reaching implications, many of which will financially impact businesses…

Read More »

Highway Bill Revises Return Due Dates, Makes Other Changes

President Obama signed the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 on July 31. The Act revises some important return due dates, overrules a Supreme Court tax decision, revises the employer shared responsibility requirements in the…

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Chicago Adopts Highest Sales Tax Among Major Cities

When Cook County, Illinois adopted a one percentage point county sales tax increase, its county seat — Chicago — vaulted to the top of a dubious list: major cities with the highest sales tax. Including state, county, city, and public…

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Treasury and the IRS issue Able Act guidance

Late in 2014, Congress passed and President Obama signed into the law the Achieving a Better Life Experience (ABLE) Act. The new law, which enjoyed strong bipartisan support, authorizes the creation of tax-favored accounts for qualified individuals challenged by disabilities.…

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