Large law firms would be hit hard by tax-reform proposal, ABA president says

04/9/2014 | National Law Journal (free registration), The

One provision in tax-reform proposals could be damaging to large law firms and the companies that work with them, according to American Bar Association President James Silkenat. The proposal would require firms with gross receipts in excess of $10 million to use the accrual method of accounting rather than the cash method. "My sense is that Congress will recognize the problems that are created here, that this is not tax simplification, but rather this causes problems and causes us to pay tax on fees that we may never be paid," Silkenat said.

View Full Article in:

National Law Journal (free registration), The

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Pharmacy Benefit Analyst/ Auditor
Nationwide, SL_Nationwide
Vice President, HEDIS & Performance Outcomes
Dayton, OH
Vice President, Girls and Women Strategy
United Nations Foundation
Washington, DC