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A survey conducted by American Express has found nearly one third of Americans keep at least some of their savings in bill and coins, something that financial planners say is a risky idea, according to CNBC. Younger people are more likely to keep their savings in cash, according to the poll--67 percent of millennials saying they keep cash savings outside a bank account.
A proposal to lower the corporate tax rate from 35 percent to 6.5 percent for five years so multinational companies will be more inclined to bring overseas profits home has been steadily gaining support in the Senate, according to CNBC. The measure has bi-partisan support, with the effort being led by Democrat Barbara Boxer and Republican Rand Paul.
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.