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 CFOs Lower Expectations for Revenue, Earnings, Spending and Hiring

March 31, 2016 

CFOs Lower Expectations for Revenue, Earnings, Spending and Hiring

Global economic performance and equity market valuations are off to a rocky start in 2016, according to Deloitte’s first quarter CFO Signals survey. CFOs’ expectations for revenue, earnings, capital spending and domestic hiring — tracked for 24 consecutive quarters by this survey — all declined, and are now at or near survey lows. Revenue growth...…

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March 31, 2016 

Cloud System Simplifies Form 8621 PFIC Compliance

A new online tool from Expat Tax Tools is aimed at simplifying Form 8621: Information Return by a Shareholder of a Passive Foreign Investment Company or Qualifying Electing Fund. The cloud-based Form 8621 Calculator is designed for smaller companies ...

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March 31, 2016 

New Guidance Focuses on Puerto Rico VAT

This coverage comes at a crucial time. On June 1, 2016, Puerto Rico will become the first U.S. jurisdiction to adopt a VAT to replace its sales and use tax regime. The transition to this new scheme began in 2015 and has been controversial.

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March 31, 2016 

6 Tips For New Employees

You never get a second chance to make a first impression, but just how much time does it take to make one when starting a new job?

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March 30, 2016 

Don’t Even Try These Income Tax Deductions

Pets were a recurring theme: “I had a client this year tell me his last preparer let him write off the cost of his pet care on Schedule C because he took his dog to work with him every day, so it was considered a work-related expense."

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March 30, 2016 

Survey Shows Businesses Ditching Paper-Based Processes

The report found broad concern over paper-based processes, with cost (42 percent) and security (42 percent) cited as primary issues. 40 percent of Canadian respondents said cost reduction was the prime reason for digitization followed by improved ...

 FASB Issues Guidance On Employee Share-Based Payments

March 30, 2016 

FASB Issues Guidance On Employee Share-Based Payments

Accounting for employee share-based awards was identified by the Private Company Council (PCC) as an area of concern among private company stakeholders. The PCC worked with the FASB to discuss and analyze the issues that private companies have ...

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March 30, 2016 

73% of U.S. Companies Report Payment Fraud Attempts in 2015

BEC scams, short for business email compromise, are an increasingly common type of fraud which greatly impacts wire fraud. In 2015, 64 percent of organizations were exposed to BEC scams. Though checks continue to be the payment method most targeted by ...