White House, GOP Look for Common Ground in Dueling Proposals on Tax Reform/Deficit Reduction
President Obama released a $3.77 trillion fiscal year (FY) 2014 federal budget on April 10, 2013, with a mix of individual and business tax proposals intended to raise revenue, reduce spending and encourage negotiations between the White House and GOP on comprehensive tax reform. President Obama called for a 28 percent cap on itemized deductions, a $3 million limit on tax-preferred retirement savings, a permanent research tax credit, a permanent American Opportunity Tax Credit (AOTC), a change in the taxation of carried interest and more. President Obama also provided for the first time specifics on the so-called Buffet Rule. Following release of the President's FY 2014 budget recommendations, the Treasury Department issued its customary "Green Book", describing the proposals. Read More.
2013 First Quarter Accounting and Auditing Update
This First Quarter A&A Update includes the latest pronouncements from the FASB, AICPA, SEC and PCAOB that are currently affecting public and private entities. View 2013 First Quarter A&A Update.
DIXON HUGHES GOODMAN DONATES MORE THAN 1.5 MILLION POUNDS OF FOOD IN THE FIGHT AGAINST HUNGER
As part of the firm's GIVES Initiative, the firm's 29 offices held a Count the Cans food drive focused on collecting monetary and non-perishable food donations in an effort to alleviate the suffering of nearly 49 million people who struggle to get enough to eat. As a result of our 11-day drive the firm donated 1,610,617 pounds of food to the communities in which it serves in 11 states across the firm's footprint. Read More.
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