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In the Zone: Accounting & Auditing
September 8, 2010    
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Editor's Note
Gail Perry, CPA, Managing Editor September marks the kick-off for many of the features of the Patient Protection and Affordable Care Act, so this is a great time to touch base with clients and remind them of items that might affect them. Whether the law gets repealed, amended, or remains intact, accountants are going to have their hands full as they ultimately will sit on the front line of helping the IRS enforce some of the high-profile issues in Obamacare. This month is only the beginning of a long journey.

Best wishes,
Gail Perry, CPA
Managing Editor
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What to tell your clients as health care reform takes effect
Love it or hate it, your business clients have known for six months that the first bells of the Patient Protection and Affordable Care Act (PPACA) soon would begin to toll.
IRS explains 2011 changes to flexible spending arrangements
The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
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Employers shift health care costs to employees
Workers on average are paying nearly $4,000 this year toward the cost of family health coverage – an increase of 14 percent, or $482, above what they paid last year, according to a new survey by the Kaiser Family Foundation.
Virginia CPAs offer tips on preparing financially for disaster
Peak hurricane season for Virginia and the Mid-Atlantic States has arrived. While its unsettling to think a natural disaster could affect you, emergencies can and do occur.
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IRS can spell tax relief for disaster victims
"I'm from the government and I'm here to help you" might be regarded by some to be the most terrifying words in the English language, but not so when you are dealing with a disaster.
Profile of a fraudster: Does your company have one?
More than 80 percent of the frauds in the ACFE study were committed by individuals in accounting, operations, sales, executive/upper management, customer service, or purchasing.
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