AccountantsWorld Daily News Tax Geek Tuesday: How Does The New Limitation On Deducting Business Interest Expense Work?
(Forbes) - Congress limited the deduction a business may claim for its interest expense to 30% of "adjusted taxable income." This raises another $250 billion.
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The Rise of Data Analytics
(Ohio CPA Voice) - Improved access to complete datasets, increased availability of analytical software, and capabilities and expectations for real-time and predictive information are driving a rapid cultural shift in auditing and financial reporting.
Feb. 8 Government Shutdown Could Cripple IRS in Middle of Tax Season
(CPA Practice Advisor) - The shutdown of the federal government on January 20 only lasted two days. But another deadline is looming: Uncle Sam will close up shop again on February 8 if Congress doesnât take further action.
Chemical in McDonald's Fries Could Cure Baldness, Study Says
(Newsweek) - Japanese scientists may have discovered a cure for baldnessâand it lies within a chemical used to make McDonaldâs fries.
On Monday, the Dow Jones Industrial Average Dropped 1,175.21 Points to Close Down at 24,345.75
(CNBC) - Global markets also fell sharply. The German Dax dropped 2.1 percent, while the French CAC 40 fell 2.4 percent. In Asia, the Japanese Nikkei 225 plunged 4.7 percent, while the Shanghai composite pulled back 3.4 percent.
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Tax Geek Tuesday: How Does The New Limitation On Deducting Business Interest Expense Work? Feb. 8 Government Shutdown Could Cripple IRS in Middle of Tax Season Accounting/Audit
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Chemical in McDonald's Fries Could Cure Baldness, Study Says On Monday, the Dow Jones Industrial Average Dropped 1,175.21 Points to Close Down at 24,345.75 | TOP 5 MOST READ
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