Government Accounting


The Governmental Accounting Standards Board issued Technical Bulletin no. 2006-1 to clarify how state and local government entities should report payments received from the federal government under the retiree drug subsidy provisions of Medicare Part D. The bulletin (product no. GTB0601) can be ordered at http://gasbpubs.stores.yahoo.net/gtb0601.html . With certain exceptions, it took effect June 30, 2006.

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In focus: Payroll

Providing payroll services that comply with ever-changing regulations and meet evolving employee and employer demands is no easy task. Paychex's Tom Hammond discusses common payroll considerations for CPA firms.