Month: February 2019

A single Wall Street analyst is responsible for skewing the revenue picture of the whole stock market. UBS analyst Brian Meredith slashed his fourth-quarter revenue estimate for Berkshire Hathaway on Tuesday, bringing the consensus forecast down to $48.4 billion from $63.5 billion for the Warren Buffett-led company, according to data provider Refinitiv. Because of the
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Understanding how to choose the right tax filing status for your federal income tax returns.Getty Which tax filing status should you use? Are you head of household? Single? Married Filing Separately? Or Married Filing Jointly? What do all of these filing statuses mean? Which is the best filing status for you? Your answer will likely
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LBA Haynes Strand PLLC, a North Carolina-based CPA firm, is partnering with the financial technology provider Ceterus to offer client accounting services to dentists. Ceterus has designed a system to automate client accounting for CPA firms, using a combination of artificial intelligence and machine learning. Along with automating the bookkeeping for the firm, Ceterus is
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Executive Summary  Making Austria a more attractive place to do business has been a core focus of the new government, which has been in charge since 2017. In contrast to previous governments–which offer up tax reform ideas but managed to implement few—the current Austrian administration is in prime position to implement a comprehensive tax reform. Since economic growth is solid
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A pair of Democratic leaders on the House’s tax-writing Ways and Means Committee have sent a letter to the Internal Revenue Service requesting details on the newly streamlined Form 1040 and the associated schedules, asking whether the IRS did any user testing or studies to find out if the new tax forms are any easier
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Earlier this month, OpportunityDb highlighted 15 National Football League stadiums that are in Opportunity Zones. While the Opportunity Zone program is meant to spur long-term investment in economically distressed areas, these NFL franchises are now eligible for capital gains tax breaks on stadium-related investments. Here are a few examples (you can read the entire article
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Adults over 40 took the lead in what researchers are calling the “the largest marathon study of recreational runners ever conducted.” Compiling a total of 3.5 million marathon data records, researchers analyzed marathon data information on nearly 3 million runners from 39 countries, seven continents and some 238 nationalities in 784 marathons between 2014 and
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The Committee of Sponsoring Organizations of the Treadway Commission, or COSO, is teaming up with Top 10 Firm Crowe LLP and CommonSpirit Health to issue new guidance for health care providers on internal controls amid heightened regulatory scrutiny of the health care sector. The publication, “2013 COSO Integrated Framework: An Implementation Guide for the Healthcare
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Key Findings The tax code contains several provisions designed to make higher education more affordable and to encourage educational attainment. These include credits, deductions, exclusions, and tax-neutral savings plans. Many of these benefits overlap and are complex, creating confusion for taxpayers that leads to underutilization of current policies as well as administrative and oversight difficulties.
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This is a developing story. Check back here for updates. Federal Reserve officials judged that a “patient” approach to interest rate hikes would be prudent as they continued weigh various headwinds to growth, according to meeting minutes released Wednesday. The central just released the summary of its policy meeting Jan. 29-30, with the market watching
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