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The AICPA has sent a letter to the finance leaders of both the House and Senate asking for legislation that would extend relief to taxpayers who may have been late in taking a tax election. Specifically, the AICPA would like Congress to pass legislation that would extend section 9100, which grants extentions to certain late elections, to all tax elections.
The Financial Accounting Standards Board (FASB) expects to make a decision on whether or not to delay the implementation of the new revenue recognition standard sometime within the early second quarter, according to CFO.com. While the current implementation date is Jan. 1, 2017, stakeholders have asked the board to consider pushing back that date due to the large scale of the changes that the new standard would bring to current practices.
Most managers are familiar with the etiquette involved in hiring and interviewing new employees, but few pay much attention to employees who are leaving. However, according to Fortune, there is value in getting the leaving process right. A former employee, it said, can become an envoy for your firm, a customer or might even come back to work for you someday.
What if your company is run by a psychopath? Or a sadist? Or someone nacrissistic or Machiavellian? And not in the hyperbolic, steam-blowing-off way that employees might characterize a supervisor with whom they don't get along. Like, someone who literally has these psychological traits, someone who would be positively diagnosed with these things if they were evaluated by a medical professional?
Not every relationship works out, and that includes the ones that professionals can have with clients. Like other relationships, sometimes it's clearly one breaking up with another, and sometimes it's more of a mutual decision. Sometimes it's a "not you, it's me" situation, and other times there is an "it's absolutely you" situation. Either way, when losing an important client, what are some things to consider when looking at where exactly things went wrong--or if they even went "wrong" to begin with.
The Securities and Exchange Commission (SEC) has been seeing far too many cases where what is clearly a joint venture filing, instead, as a foreign business, presumably because the filing requirements are easier, according to Compliance Week. Specifically, the SEC has been seeing situations where joint ventures that were 50 percent owned by a U.S.
A second former PWC employee is now facing charges in Luxembourg in connection with a massive leak that exposed deals orchaestrated by the Big Four firm to allow multinational corporations to set up addresses in the landlocked country for, according to Bloomberg, no business purpose other than tax avoidance.
A new Bitcoin exchange is set to open today, and what makes this one different than its predecessors is it has regulatory backing in half the states in the U.S. according to CNBC. Called "Lunar," it currently has about $106 million in funding, as well as support from the New York Stock Exchange, among other high-profile backers. The new exchange was created by California-based company Coinbase, which offers Bitcoin storage and conversion services for its users.