"Bush Era Tax cuts"

Fiscal Cliff, Plan B

December 18, 2012

During a meeting Monday afternoon, President Obama and Speaker Boehner discussed the president’s newest counteroffer.

The Fiscal Cliff Ahead

July 10, 2012

In the coming months, rhetorical promises will increase and the likelihood of action to protect the economy will decrease. Congress and the president are headed into the election season without a plan to avert what has been deemed “the fiscal cliff,” which, according to a number of sources, may be behind the slow hiring and faltering recovery.

Tax Showdown Set for End of the Year

July 9, 2012

At the end of 2012, many tax policies are set to expire. Although many of these tax provisions are commonly referred to as the “Bush tax cuts,” President Obama extended many of these provisions for all income earners for two years in December 2010.

Fireworks At Any Cost

July 5, 2012

Detroit has been in such a dire financial position that it had to turn over control of its budget to an outside board. Under the terms of a consent agreement with the state of Michigan, this outside board controls much of Detroit’s finances. So it comes as no surprise that the estimated $700-900,000 being spent on fireworks recently was met with some criticism.

At the End of the Year

May 29, 2012

While Congress has set itself up for another major battle at the end of the year, they have yet to address the real cause behind any of these issues.

Tax Day 2012

April 17, 2012

Today, April 17th, 2012 is tax day. It marks the end of fiscal things 2011 for individuals across the country, and the beginning of fiscal year 2012 work for accountants everywhere. You’ve (hopefully) paid your taxes. But, how have things changed in the past year?