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In a technical memorandum released today, the New York State Department of Taxation and Finance recaps personal income tax changes that were enacted as part of the 2013-2014 New York State budget and go into effect for tax years after 2013. The changes affect such areas as the Family Tax Relief credit, the Hire a Veteran credit and the Minimum Wage Reimbursement credit.
According to Accounting Today, the Internal Revenue Service (IRS) is beating its stats from the 2013 filing season: It issued some 48 million tax refunds by the end of February, a 5.6 percent increase compared to the same time period last year. The average refund is also up 3 percent compared to last year, and the number of returns filed electronically also rose slightly.
Meet Satoshi Nakamoto, the man who Newsweek believes is the person who started the online crypto-currency Bitcoin. Is he a mad scientist with a base at the heart of an active volcano? Is he a sentient AI funding his ascent to technological singularity? Is he a teenage prodigy writing lines of code between quick-scoping noobs and sipping Red Bull? Apparently not. Nakamoto is, in fact, a 64-year-old model train enthusiast who lives in California.
When a CEO is down on his luck and is looking for a new job, it turns out that the methods they use are a lot like everyone else's: looking online for leads, agonizing over emails to potential prospects, and calling friends and colleagues to see whether they have anything promising, according to the Wall St
One couple, five returns: a couple interviewed by CNN Money has found no relief from the court ruling that allowed same-sex couples to be recognized as married by the federal government, echoing some in the declaration that their returns have actually become more complicated, not less.
IFRS 9, the accounting standard concerning the treatment of financial instruments, has become one more point of contention between the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) in the long-running convergence project that seems more and more unlikely as the two organizations fail to come to key agreements, according to AccountancyAge.
The Supreme Court of the United States ruled 6-3 yesterday that the whistleblower rules contained in the landmark Sarbanes-Oxley Act apply not just to employees but to third party contractors as well, according to CFO.com. The case in question centered around two former contractors hired by Fidelity Investments to manage mutual funds who filed claims alleging that the company had violated federal laws and regulations, and were fired shortly after.