AccountantsIllinois.com  
  The help you need... When you need it most
  HOME ABOUT US FAQ RESOURCE CENTER CONTACT US FINANCIAL REVIEW July 20, 2010
Accountant
             
 
Please enter your information below to receive a Free Consultation from a financial advisor in your area:
 
Zip Code:   
Accountant Resources
  Search Accountant resources in our resource center:

FAQs About Accounting
Accountant Related Terms
Facts About CPA & Accounting
More Resources >

.......................................................
  Hot Topics
 

Corporate Accounting
Investments Tracking
Taxes
Balance Statement
Financial Reporting
Annual Reports
Payroll Records
Auditing
Asset Protection
More Accountant Topics >

Accountant Terms


  > Invoice
A written record of a transaction, often submitted to a customer or client when requesting payment.
.......................................................
  > Cash Method Of Accounting
Accounts for income and expenses when actually received or paid.
.......................................................
  > Account
A collection of financial information grouped according to customer or purpose.
.......................................................
 
   Accountant News:

Enzi Supports Employer Protection Amendment

Washington, D.C. - U.S. Senator Mike Enzi, R-Wyo., is cosponsoring an amendment with Senator Phil Gramm, R-Texas, to the Patient's Bill of Rights. The amendment would protect employers who provide their employees with health insurance from lawsuits. The amendment to the Kennedy-McCain-Edwards bill would ensure that employers would not be sued for the decisions of a health insurance company. Already in the bill are provisions that protect doctors and hospitals from lawsuits. It also removes the bait-and-switch language of the Kennedy Bill, and encourages employers to continue providing health care coverage to their employees. "As the bill stands now, it appears that around every corner there's an exception swallowing the rule. And the exceptions purported to protect employers are swallowed too. I'm not a lawyer but I am an accountant. I can tell you this adds up to employers scaling back, even dropping the coverage they now provide. This is not how we protect patients," said Enzi.

The amendment also states that, in addition to excluding physicians, other health care professionals and hospitals from liability, employers should not be sued for the mistakes made by HMOs."The fact of the matter is that people working for small businesses know they are lucky to have insurance in the first place and, in trying to enrich the personal choice for a few employees, we may well end up cutting off access to others if we don't fix the Kennedy bill," said Enzi. Enzi supported another amendment, offered yesterday by Senators Kit Bond, R-Mo., and Tim Hutchinson, R-Ark. The amendment would have ended the inequity between the self-employed and big businesses by making 100 percent of health care premiums tax deductible for individuals who work for themselves in 2002. The amendment was defeated 52-45 in a parliamentary maneuver. "Fifty-two people here, two more than needed, said they weren't going to give the self-employed the same right to deduct insurance that we give to the big corporations. And then we wonder why the small business, the single proprietor who hires four or five people, doesn't provide insurance.

We wonder why those that do provide insurance are worried about liability,"said Enzi  Enzi said both Republicans and Democrats want to enact legislation to protect patients and they agree on 80 percent of what is in the bill, but there are major flaws in the Kennedy bill that must be corrected. "I'll say again for the fourth day and for the fourth year, I want to pass a patients' bill of rights and see it signed into law by the President. Both sides want to have patients' bill of rights. Patients should be foremost in this debate, and that should remain our focus. In our effort to meet that goal, we do need to make a number of modifications to the underlying bill. Twenty percent of the bill is messed up, and it needs to be fixed. I believe that we can do that," said Enzi

.

Contact our Illinois Accountants


If you live in the following cities and need an accountant, you should contact our Illinois Accountants as soon as possible:

  • Arlington Heights
  • Aurora
  • Bartlett
  • Berwyn
  • Bolingbrook
  • Buffalo Grove
  • Carol Stream
  • Chicago
  • Chicago Heights
  • Cicero
  • Des Plaines
  • Elgin
  • Glenview
  • Granite City
  • Harvey
  • Joliet
  • Lockport
  • Lombard
  • Mchenry
  • Moline
  • Mount Prospect
  • Normal
  • Oak Lawn
  • Palatine
  • Plainfield
  • Tinley Park
  • Waukegan
  • Wheaton
       
 
Did You Know?    
 
 
Accountants work in different areas of practice.
Some accountants prefer to work alone, but in general they usually work for public accounting firms, the government or corporations.

 
Search Site:
 
 
Latest News
  Latest accountant news in Illinois and nationwide:

Jan 15, 2007 - Accounting Periods When Preparing A Statement Of Income
When preparing a statement of income and expenses (generally your income tax return), you must use your books and records ...
Read more >


Jul 14, 2006 - F.E.R.C, Strengthens Customer Protection, Facilitates Investment In Electricity Industry
The Federal Energy Regulatory Commission today harmonized provisions of two key Energy Policy Act of 2005 rulemakings addr...
Read more >


Aug 22, 2005 - Discipline Against The Respondent
On October 29, 2001, bar counsel filed a five-count petition for discipline against the respondent. On February 27, 2002, ...
Read more >


More Accountant News >

 
Newsletter Sign Up
   
.......................................................


Legal Disclaimers
The information provided on Accountants Illinois.com is not intended to be accounting advice, but merely conveys general information related to accounting issues commonly encountered.

Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep


This site is part of the LawFirms.com Network
©2010 ExpertHub, wholly owned subsidiary of MoxyMedia, Inc.