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The major individual income tax provisions in the House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act would cut taxes by an average of…
Read MoreGaudiLab / Shutterstock.com Have you ever been tempted to trade up to a slightly fancier home? Do you feel the urge to sell your perfectly serviceable car so you can buy something newer and flashier? If so, you’ve been a victim of lifestyle creep. This malady strikes when an increase in income causes you to…
Read MoreIf you plan to fly in the foreseeable future, prepare for some new rules while you go through airport security. The Transportation Security Administration is making some tweaks to the screening process that occurs in airports across the country. The changes are a reaction to the coronavirus pandemic that is sweeping the nation and the…
Read MoreThe current dislocation of the mortgage insurance-linked securities (ILS) market due to the Covid-19 pandemic is likely to cause mortgage reinsurance rates to rise, impacting the originate to distribute model of many mortgage insurers. Over the last few years, issuance of mortgage insurance-linked securities (ILS), or mortgage insurance linked notes (ILN), has become a significant…
Read MoreU.S. insurance and reinsurance industry associations have launched a proposal for a industry-backed pandemic risk backstop, called the Business Continuity Protection Program (BCPP) as an alternative to the legislative proposal for a Pandemic Risk Insurance Act (PRIA) reinsurance backstop. The National Association of Mutual Insurance Companies (NAMIC), the American Property Casualty Insurance Association (APCIA), and…
Read MoreThe 2020 Atlantic tropical storm and hurricane season is forecast to have a 60% chance of “above-normal” levels of activity by NOAA, with the agency calling for between 6 and 10 hurricanes to form over the coming months. The forecast from NOAA joins almost every other in calling for a season of above average levels…
Read MoreYacht happening; going, going, gone; grey and bootleg; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-skim-game
Read MoreAfter 14 years, the institute EVP will take up his new position in August. Original Article Posted at : https://www.accountingtoday.com/news/mark-koziel-leaving-aicpa-to-head-allinial-global
Read MoreThe COVID-19 crisis has forced upon us the rapid adoption of telemedicine with all its advantages and flaws. It has certainly allowed physicians to evaluate patients safely and to assess them while continuing to allow them to physically distance. It many cases, it has allowed for the recognition of an exacerbation of a chronic illness…
Read MoreOn Friday, March 27, 2020, California went on lockdown in the face of the COVID-19 pandemic. It changed every Californian’s life, including my own. As the newly appointed chief scribe, the possibility that I would be jobless by the time Monday rolled around, was the last of my worries. What would happen to the patients…
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