Monthly Archives : May 2014

Lawmakers Fight to Keep LIFO

More than 110 members of the House of Representatives have signed on to a statement arguing that, while attempts to restructure the federal tax code are admirable, whatever reform efforts result should maintain last-in-first-out accounting, according to the Hill. read more    
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Americans Have Obamacare Fatigue

No, it's not an illness that can be treated with proper medical attention (procured through insurance, perhaps via the exchange websites)--Americans, apparently, are just tired of hearing about Obamacare all the time, according to CNBC. A new poll has revealed that 51 percent of registered voters are tired of hearing
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House Comm. Backs Bonus Depreciation

The House Ways and Means Committee voted along mainly partisan lines to approve $287 billion worth of tax write-offs in capital-intensive industries through the revival and maintenance of the bonus depreciation measure, according to Bloomberg. read more    
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EU Releases Audit Rotation Law

Businesses dealing with countries in the European Union may want to familiarize themselves with a new set of mandatory auditor rotation rules that, as of Tuesday, have now become formally part of European law, according to Journal of Accountancy. The rules include: read more    
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UK Looking Increasingly Biz Friendly

More companies are looking to move to the UK and it's not for the tea and crumpets: the country boasts a low tax rate and a business-friendly atmosphere that many, especially Americans, feel is lacking in their own country, according to CNN Money. Corporate tax rates in Britain are 20
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Is an MBA Worth It? Sometimes.

Getting an MBA is often seen as a way to get access to higher paying jobs and to make more money in general. But an article in CFO.com says that this will only be the case if that credential comes from a prominent school. read more    
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US Econ Shrinks, First Time Since 2011

The U.S. Gross Domestic Product shrank 1 percent between January and March, the first time such a reduction has happened since 2011, according to CNBC, despite a previous .1 percent gain the last quarter. Consumer demand had slowed, leading companies to restock inventories slower and make fewer investments, said CNBC.
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