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HR 4213: Soon-to-be the Worst Tax Enactment of the New Decade?

Posted on June 2, 2010 by Caleb Newquist

“The S corporation tax increase in HR 4213 is a mess and should not be enacted.”

~ Joe Kristan, on the legislation that will hit small business with a 2.9% medicare tax increase.

Posted in Quote of the Day, Small Business, TaxTagged HR 4213, Joe Kristan, Quote of the Day, Small Business

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Next: Accounting News Roundup: PwC Dealt a Blow on Penn. Healthcare Bankruptcy Ruling; Zipcar Going Public; Altria Gets Smoked by IRS | 06.02.10

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  • Quote of the Day

Quote of the Day | 01.28.10

  • Caleb Newquist
  • January 29, 2010

“Bernanke fiddled while our markets burned”

~ Richard Shelby, Republican Senator from Alabama during the Senate debate on Ben’s second term as Fed Chairman.

  • Quote of the Day

The FASB Is Prepared for the Wailing and Gnashing of Teeth

  • Caleb Newquist
  • May 27, 2010

“[It] will not be very warm.”

~ FASB Chairman Bob Herz, on the financial services industry’s reaction to the Board’s new proposals for valuing loans and loan-like instruments at their market value.

  • PCAOB
  • Quote of the Day

A Meaningless Win for Free Enterprise Fund and Beckstead and Watts

  • Caleb Newquist
  • June 30, 2010

“Beckstead and Watts, LLP, and the Free Enterprise won, but there is no prize for them.”

~ Professor David Albrecht (guest posting at JDA), pointing out that despite a victory, the petitioners basically get jack squat.

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Comment on "How are layoffs decisions really made?" via r/Big4 If it backfires so what, they were going to lay you off anyway. I really hope this advice gets sucked…

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Earlier this week, a recruiter told me a story about a job seeker who was already employed but looking to jump elsewhere. She interviewed with a firm that really loved…

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