Bulloch, DuPertuis, Schulman, Seger & Co.

The IRS issued final regulations governing the Sec. 36B health insurance premium tax credit enacted by 2010’s health care legislation. They are scheduled to be published in the Federal Register on May 23. The final regulations provide guidance to individuals who enroll in qualified health plans through Affordable Insurance Exchanges and claim the premium tax credit, and to Exchanges that make qualified health plans available to individuals and employers.

President Barack Obama yesterday urged Congress to pass a bill that would give a 10 percent tax credit to small businesses that create new jobs or increase wages this year. You can preview this proposal by President Obama on this recent video address: http://www.whitehouse.gov/blog/2012/05/11/weekly-address-congress-must-act-do-list

Understanding taxes, their current laws, regulations, and obligations can be rather tedious, time consuming, and confusing for many taxpayers. On Tuesday, the AICPA released an online tool, the Total Tax Insights Calculator, which provides “U.S. taxpayers a clearer, more complete picture of their estimated total federal, state, and local tax obligation.” Furthermore, the program is designed to offer a simplified and transparent approach to tax policies and other pressing issues.

With audit season ending, it’s time to start the transition to the clarified audit standards, which are effective for calendar year 2012 audits. Follow these important steps to prepare for the new standards thus minimizing the transition’s effect on your firm and clients.

The Labor Department stated today that the number of job openings increased to 3.74 million this month, a 172,000 increase from March’s 3.57 million.

Mark Zuckerberg, referred to as the “Billionaire Boy-Man,” has become the kind of leader that makes wall street tremble. Although young and extremely inexperienced in Facebook’s infancy, Zuckerberg has proven he’s more than capable to lead a multi-billion dollar enterprise. “When early mistakes risked an employee mutiny, Zuckerberg knuckled down and learned how to lead. He made himself the pupil of some of the best bosses in business but had the maturity never to let outsiders sway his overall vision. He got adept at hiring the right people, and, more important, firing senior employees whom the company had outgrown….”

The American Institute of CPAs (AICPA) yesterday slammed the Investment Adviser Oversight Act of 2012. The bill would transfer oversight of investment advisers from the SEC to a self-regulatory organization (SRO).

According to a recent report by the Institute of Internal Auditors, there are five sought after skills companies now expect of internal auditors. The profession is evolving with more importance stressed in these areas. Furthermore, as businesses try to add value to their organization they aren’t just focusing primarily on financial risks and controls….

It takes seconds for your prospects to trash your email. If you want your emails to survive the garbage heap, they must be compelling, personal, and real…just to name a few. These 10 tips can help you get your prospect’s attention.

Sometimes you may have to pay dearly for being the nice guy in business. Some of these common “niceties” could cost you dearly. The California Chamber of Commerce has produced a white paper cataloging the top 10 mistakes most likely to get a company sued.