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Shaving a half-cent off key rates, the IRS has posted standard mileage rates for the use of cars, vans, pickups or panel trucks for the calendar year beginning Jan. 1, 2014. The new rates are:
- 56 cents per mile for business miles driven
- 23.5 cents per mile driven for medical or moving purposes
- 14 cents per mile driven in service of charitable organizations
Reducing high unemployment rates, curbing entitlement spending, and reforming burdensome federal regulations are ways to resuscitate the U.S. economy, say senior executive CPAs in New York, New Jersey and Pennsylvania, according to a new survey.
Women can truly "make it" on Wall Street, though the ones that do it best tend to have spouses who can stay at home with the kids and take care of other domestic duties, according to the New York Times.
If you've been convicted of insider trading or embezzlement or fraud, you may be quaking in your boots at the prospect of going to federal prison and confronting the numerous indignities that may entail, but take heart: a new study argues that white collar criminals handle jail just as well as other types of inmates and aren't uniquely sensitive to the hardships of incarceration, according to The Atlantic.
The House and Senate are set to finish a relatively drama-free budget agreement compared to earlier fiscal brouhahas, mainly by avoiding any hot-button areas that might cause one side or another to suddenly walk out and call for a showdown, according to the Washington Post, a move that reflects not so much an armistice as much as a temporary ceasefire to
Regulators have put aside their differences and are scheduled to approve the new Volcker Rule next week, on Dec. 10, according to the Wall Street Journal. A major part of the Dodd-Frank Act, the Volcker Rule, named for former Fed Chair Paul Volcker, would put tight restrictions on the extent to which banks may engage in proprietary trading using commercial accounts, activity that was seen as a major contributing factor in the most recent financial crisis.
The Public Company Accounting Oversight Board (PCAOB) has formally re-proposed a rule that, if implemented, would require that audit reports to include the name of the engagement partner who led the audit for the most recent period and the names, locations and extent of participation ( as a percentage of total audit hours) of other public accounting firms that took part in the audit, and the locations and extent of participation of other persons, whether an individual or a company, not