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6 Reasons Why You're a Bad Listener (and how to change it)
It’s not our natural inclination to fully listen to what others have to say. Here are the things holding you back from really hearing what people are saying. It may seem counterintuitive, but the way to achieve success is to make the people around you successful, says Fred Halstead, author of Leadership Skills that Inspire Incredible Results. “It’s not particularly intuitive; in our society we believe in ‘me ...
Read MoreHow AI Is Transforming the Jobs of Accountants
Artificial intelligence has become a buzz-phrase of sorts in recent years, and while it's become hard to separate the hype from its practical potential, AI is rooted in a very realistic notion. Put simply, AI is one of the most advanced concepts in intelligent systems and decision-making in years, and the initial wave of academic research and early engagements with consumer electronics have evolved into real, practical methods and technologies ...
Read MoreControllers Feel Pressure to Cook the Books
Nearly two-thirds of corporate controllers feel pressure to "cook the books," according to a new international survey, and many of them feel that misrepresenting their company's performance is just part of their job. The survey, by FloQast, a provider of close management software for corporate accounting departments, found that 64 percent of controllers feel pressure to "cook the books," with 10 percent of them stating it's just ...
Read MoreNew Safe-Harbor Guidance for First-year Depreciation Deduction for Cars
The Treasury Department and the IRS have issued guidance that provides a safe harbor method for determining depreciation deductions for passenger automobiles that qualify for the 100-percent additional first-year depreciation deduction. Affected vehicles must also be subject to the depreciation limitations for passenger automobiles. Under the Tax Cuts and Jobs Act, the additional first-year depreciation deduction applies to qualified ...
Read MoreThe Eternal Question: What Are a Taxpayer's Chances of an IRS Audit?
As IRS budgets and audit staff continue to diminish, audit numbers are at an all-time low. But when you file your clients' returns, the most common question persists: "How likely am I to be audited?" Taxpayers whose returns stray far away from the norm or have “large, unusual or questionable items” can always be singled out for audit. But overall, as the statistics bear out, the IRS likes to audit taxpayers with certain ...
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