Accounting
Top stories summarized by our editors
10/18/2018

Want maximum cash at closing? A Small Business Administration 7(a) loan might be your firm's best bet. This article explains the what, why and how for firms that might benefit from using SBA 7(a) loans in CPA firm purchases and sales.

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SBA
10/18/2018

Employees 65 or older have to decide how to coordinate health care benefits they receive on the job with Medicare eligibility. If this is not done properly, workers might face late-enrollment penalties for not signing up for Medicare Part B at the proper time.

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CNBC
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Medicare
10/18/2018

Among all sources of household debt, student loans are the fastest growing and have the highest 90-day delinquency rate. This segment has experienced cumulative growth of nearly 157% since the Great Recession.

10/18/2018

The Securities and Exchange Commission is offering regulatory relief to those affected by Hurricane Michael by conditionally exempting them from certain requirements of securities laws. In addition, the SEC is extending filing deadlines for certain reports related to Regulation Crowdfunding and Regulation A.

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Accounting Today
10/18/2018

A taxpayer donated clothes she bought on sale, deducting the full retail price, which she described as her personal tax shelter. The Internal Revenue Service and the Tax Court didn't buy her claim, however.

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The Tax Adviser
10/18/2018

Meeting face to face remains a powerful tool, even as virtual meetings grow in popularity. Here's how to get the most out of the valuable time you spend together.

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Financial Management
10/18/2018

One of a leader's most significant responsibilities is to identify and nurture other leaders within the organization. Soft skills, such as emotional intelligence, are a key part of the leadership equation, even at companies that do highly technical work.

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Forbes
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Schlumberger
10/18/2018

Ng was vice president of the fixed-income group at TCW Group.

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Deadline Hollywood
10/18/2018

Trade tensions and subsequent tariffs between the US and China have resulted in some goods from China being transshipped to countries such as Malaysia, Vietnam, the Philippines and Sri Lanka, where they are relabeled with a new country of origin before they reach the US, and vice versa. This illegal activity is a crucial reason for importers to maintain strong controls to ensure compliance with customs laws, writes Brian Peccarelli of Thomson Reuters.

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CFO
10/18/2018

A survey found that younger generations prefer texting to talking on the phone or in person, and financial firms must guard against the risks that emerge as they seek to accommodate such preferences in their communications, writes Mike Pagani of Smarsh. They need to have a formal policy that forbids communication via certain electronic channels, conduct appropriate oversight of the electronic channels that employees use for their work, and use an archiving platform for record retention.