Author: admin
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Businesses Need More Than Data To Make Decisions
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It doesn’t matter how much data a company has if there isn’t a human component involved. That is, in order for businesses to make effective decisions, their data needs to be interpreted by people, not just computers. “Despite the power of technology…, human expertise is important in business intelligence; it…
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IRS Robo Audit Only Snags Little Fish
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The IRS uses robo-audit technology to help find $400 billion in unpaid taxes each year. Accounts are screened online, but so far the IRS has only been able to sniff out low-income tax cheaters.
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Retiring Senator Max Baucus Pushes Tax Reform
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“Baucus said Tuesday that his unexpected decision to forgo reelection in a conservative state would allow him to pour his efforts into a broad overhaul of the tax code.”
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Homes Sales Dip As Demand Drops
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“Last month’s dip in existing-home sales may signal that the recovery in sales has hit a lull that only higher prices can cure.”
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Start Doing, Stop Innovating
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No doubt innovation is what sets your business apart from the rest. However, innovation alone doesn’t pay the bills. There’s other stuff that needs to get done. This “means packaging, selling, delivering and collecting the money to increase revenue and profits.”
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Corporate Tax Breaks Equaled Revenue In 2011
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Corporations paid about as much in taxes in 2011 as they received in tax breaks, according to a new report from the Government Accountability Office.
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Decline In IRS Staff Leads To Fewer Audits
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“The Transactional Records Access Clearinghouse (TRAC), reports that the IRS plans to expend 18% fewer staff hours auditing large businesses with assets of more than $10 million in fiscal year 2013 (which ends Sept. 30) than it did in FY 2011.”
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Risk Management Techniques For Changing Market
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“Companies are undertaking major transformations to respond to global market shifts, and risk management techniques need to keep pace with the changes.”
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Audits Show SEC Needs To Better Protect Data
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“Sensitive non-public information could be compromised if the U.S. Securities and Exchange Commission fails to take additional steps to improve its internal controls, an agency watchdog has found.”
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Growing Concern As Banks Increase Business Loans
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“The recent spurt in bank business lending is starting to flash some warning signs. The concern is that banks are making loans to businesses at rates that are [too] low.”