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The IRS has paid $125 billion on over 50 million returns so far, with 83 percent of them qualifying for a refund of some sort that the service said averages about $3,120, according to CNN Money. As the tax season drags on, others may lower this figure, as the average tax refund overall is about $2,800, said CNN Money.
The Financial Accounting Foundation, which houses standard-setting bodies such as the Financial Accounting Standards Board (FASB) and Goverment Accounting Standards Board (GASB), is seeking comment on one of its newest creations, the Private Company Council (PCC), which was created three years ago to address the needs of non-public entities, according to the Journal of Accountancy.
Ben Lawsky, the Superintendant of Financial Services for the State of New York, said in a speech that his department is considering new measures aimed at making companies more responsible for their anti-money laundering controls, according to a recent speech he gave at Columbia Law School. Lawsky said that current transaction monitoring programs meant to catch money launderers in action are inadequate, either through bad design and execution or, "more disturbingly," either willfully igno
The idea that robots could replace human has been a cause for fear since as early as Roald Dahl’s “Charlie and the Chocolate Factory.” And while this has traditionally been a concern for blue-collar workers, it has generally been assuaged by the knowledge that the robots would merely displace rather than replace those workers. These days, however, researchers are beginning to see that the latest artificial intelligence and robotics are encroaching on traditionally white-collar occupation territory, according to Fortune. Here are just three of the white-collar professions that the site notes have already been replaced by technology:
In response to the recent embarrassing incident where 800,000 taxpayers who got their insurance through the HealthCare.gov website and received erroneous tax information from the federal government as a result, the IRS announced that it will not penalize the 50,000 or so people who have already filed using the glitched information, according to
The CFO of British retailer SuperGroup was fired after the company found out that, just two weeks ago, he had gone bankrupt, according to CNN Money. The CFO, Shaun Willis, had been in his job since 2012, but was shown the door just 24 hours after the company found out that, while being responsible for SuperGroup's finances, his own personal finances were a mess.
Kindness and generosity from an employer matter more than ever, according to Fortune. Almost everybody has a story about a boss or job they had that was particularly intractable, and so difficult to work with or for that they (hopefully) left quickly.
In our increasingly busy world, many managers find it more and more difficult to find the time to coach their employees, according to the Harvard Business Review. However, coaching is a very useful tool in any manager’s toolkit.
Celebrities make a lot of money, whether they're rock stars or movie stars, and with that comes a lot of problems. The smarter ones hire CPAs to help them navigate the troubled financial waters that can bedevil someone who knows a guitar inside and out but can't tell the difference between a W-2 and a 1099.
Commercial real estate has been getting pricier, and so to deal with higher rents, offices are cutting back on space, which means not only less elbow room, but less privacy as well, according to the New York Times. Between 2010 and 2012, the average space per worker has gone down from 225 to 176, and though more recent data is yet to be available, experts agreed that the trend has likely continued, said the Times.