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Understand Your Clients’ Cash Flow Needs Based on Business Sector
(Accounting Web) - Different types of companies face different challenges when it comes to cash flow and fiscal management. These are result of tax laws, the ways a company generates revenue and the strategic purpose of the organization.
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Taxes Slash $2 Billion Roundup Weedkiller Verdict To $27.5 Million
(Forbes) - Another Roundup verdict is in, and once again, bizarre new tax rules make the IRS the biggest winner. This time, a Northern California jury found that Monsanto failed to warn users that Roundup was dangerous...The $2 billion in punitive damages are fully taxable, with no deduction for the legal fees to their lawyer.
Hey CPA Exam Candidates, Y’all Ready For Continuous Testing? It’s Coming
(Going Concern) - At first glance “continuous testing” sounds like some horrible plan to further torture America’s future CPAs by requiring a grueling, never-ending cycle of testing and retesting throughout their career. As fun as I’m sure that might be for the sadists who oversee the exam, I assure you, that’s not what this is.
4 Ways to Save Time in Excel
(JofA) - If you are an accountant, you almost certainly use Microsoft Excel. If you're like most Excel users, you almost certainly don't take full advantage of the application's numerous time-saving features. That's OK. Not everybody can be an Excel savant — but almost everybody can get better.
Airlines are Canceling Mistake Fares Faster but Some Errors Still Get Through
(LA Times) - Travelers love those insanely cheap fares that airlines sometimes post by mistake, such as when Cathay Pacific Airways in January sold $16,000 business-class tickets from Da Nang in Vietnam to New York for as little as $675 round trip.
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