Most CPAs are familiar with the tax benefit of using an interest charge – domestic international sales corporation, or IC-DISC. What many do not realize is the additional benefit that can be generated by paying particular attention to the method of calculation. Oftentimes IC-DISC commissions are calculated using either the 4 percent qualified export receipts
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‘Whatever you do, don’t try to sell us an annuity.’ When 60-something couples visit a financial adviser’s office for help with retirement planning, these are often the first words they say after sitting down. Most of what they’ve read about annuities has been eye-glazing or frightening. But don’t write off annuities yet. Owning annuities can
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Hand holding U.S. passport Getty Earlier this month, the Internal Revenue Service (IRS) issued a reminder to taxpayers with significant tax debts that their passports could be at risk. Now, IRS Commissioner Charles Rettig has granted a reprieve for some taxpayers. A memo (TAS-13-0819-0014) from Acting National Taxpayer Advocate Bridget Rogers has advised that there is
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The Financial Accounting Foundation’s board of trustees has tapped Michael Morrow, a director at the chemical company Cabot Corp., as the new chair of the Financial Accounting Standards Advisory Council, effective Jan. 1, 2020, and named some new members of the Private Company Council. FASAC advises the Financial Accounting Standards Board, which the Financial Accounting
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An interview with billionaire investor and founder of Duquesne Capital, Stanley Druckenmiller. In this interview, Stanley discusses what indicators he uses to predict if a recession is coming, his are currently on amber and getting close to red. Stanley also talks about his investment process and evaluates a range of investments. 📚 Books on Stanley
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WASHINGTON, DC, 2019/07/31: Seema Verma, Administrator, Centers for Medicare & Medicaid Services, U.S. Department of Health and Human Services speaks during the Heritage Foundation’s event. (photo by Michael Brochstein/SOPA Images/LightRocket via SOPA Images/LightRocket via Getty Images President Trump’s Medicare chief, Seema Verma, may have signaled the beginning of the end of Medicare’s three-day rule—the requirement
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The city of Toronto has become a flash point for a global issue that will soon become one of the most divisive, complex legal, regulatory and administrative challenges of the 21st century: smart cities. Toronto, Ontario, Canada on July 01, 2019. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) NurPhoto via Getty Images Late
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The American Institute of CPAs has released a valuation and accounting guide for private equity and venture capital firms to help them determine the fair market value of the companies in their investment portfolios. The guide, Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies, offers nonauthoritative guidance
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An interview with CEO of Gristedes, Red Apple Real Estate and multiple other companies, John Catsimatidis. In this interview, John discusses how he went form an immigrant, to getting started in business and becoming a billionaire. John talks about owning multiple companies and investing in real estate. Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow
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Former SEC Chairman Harvey Pitt on Monday questioned the motivation of Harry Markopolos, the Bernie Madoff whistleblower who unveiled a long list of allegations against General Electric last week in an investigation for a short seller. “One of the ways you can test Markopolos’ bonafides, however, is the fact that the SEC has a whistleblower
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