July 2010 Kforce Kronicle

This month, our Feature article examines how the newly passed healthcare reform legislation will affect businesses in terms of tax reporting; specifically the burden the new 1099 requirement will place on operations.  In Industry Update, we take a look at a new standard for revenue recognition that has been proposed by the IASB and FASB.  Finally, we discuss the various Big 4 plans to distribute early raises in an effort to retain employees.

• Healthcare Reform Legislation Increases Tax Reporting Burdens with New 1099 Mandate
• New Joint Standard for Revenue Recognition Proposed
• Big 4 Firms Propose Early Raises to Retain Employees