Finance News & Insights

Obama’s plan creates more jobs for Finance

The aim of the stimulus package was to find more work for people. You probably didn’t think that meant more work for your own staffers! [Read more…]

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8 bizarre biz ideas born of this recession

OK, so things suck all over. Here are a few creative ways some companies are trying to turn lemons into lemonade — or at least get a little chuckle. [Read more…]

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9 signs your customer’s going under

Staying extra vigilant for these signs that a customer is struggling could help avert disaster before it’s too late. [Read more…]

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Layoffs: 4 ways to avoid costly retaliation

For employers forced to cut staff, a frightening trend is emerging: An alarming number of employees aren’t taking their dismissals lying down.  [Read more…]

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4 employees you can't risk losing now

Can’t bear reading another story on catastrophic effects of the recession? Recent findings not only offer a glimpse of a light at end of the tunnel, they may offer guidance on how to get there. [Read more…]

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The Top 10 Finance Stories of 2009 (so far…)

Our readers have spoken!  After searching through our top stories we bring you “The Top 10 Finance Stories of 2009”. [Read more…]

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Win an iPod Touch!

Take our quick survey to enter a drawing for an iPod Touch!

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Best of FinanceTech: Obama's phone turns into a car?

All the hype and gossip about President Barack Obama’s BlackBerry addiction got another twist Monday morning when the new president deadpanned to NBC “Today Show’s” Matt Lauer that his new smartphone “has everything. It can turn into a car if I have to make a quick getaway.” [Read more…]

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Best of FinanceRegs: Obama puts you on alert: Big changes in store

Our next president will have to deal with the economic crisis immediately. Here’s what his proposed stimulus plan would mean for your company — if it gets approved by Congress. President-elect Obama’s proposed stimulus package has several benefits in store for companies of all sizes. But each one will likely require a little more effort on Accounting’s part to take advantage of.

Here are the business-related aspects of the proposal as it currently stands:

  • More than $100 billion (yes, with a b) in tax cuts for businesses — on top of another $200 billion or so for individual taxpayers.
  • A refund provision that would allow companies with recent losses to claim refunds for taxes paid as long as five years ago. (To get the refund, you’d have to refile the old returns and use the past year’s losses to offset prior gains.) Currently, you can only go back two years to claim those refunds.
  • New incentives (credits, bonus depreciation, etc.) for qualifying purchases of new equipment.
  • Companies that hire new workers could be eligible for a new one-year tax credit.

Most of the proposals are clearly aimed at stimulating spending — and giving companies a quick infusion of cash so they actually can do more spending.

But some of the proposals aimed at individuals could impact your procedures as well. Most notably, the stimulus package would provide a tax cut for workers (estimated to be $500 for individuals and $1,000 for couples).

The most likely way this would be implemented is by adjusting federal income tax rates. So Payroll needs to be prepared to not only make the switch — but to field a lot of questions from concerned and/or confused employees.

When’s it going to happen — if it happens?

Some Congressional Republicans are already raising concerns that the package has too much spending, not enough tax cuts. But the proposals aimed at businesses have been supported by a broad range of business and political interests.

With everyone nervous about where the U.S. economy stands, as well as their place in it, the passage of some stimulus shortly after Obama takes office seems likely.

The only real question is how close it will be to the one he’s outlined. We’ll keep you posted as the story develops.

Do you think the proposed stimulus package will work? What do you think needs to be done to right the economy? Share your two cents in the comments.

Update: You can see a fuller version of the President-elect’s stimulus plan here.

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Best of CFOSnafu: Are you abusing these 10 most irritating office phrases?

Everyone’s got their verbal pet peeves, but odds are good you and your co-workers have more in common than you think when it comes to phrases that should never be spoken in the office.

After performing extensive research, scholars at Oxford University and author Jeremy Butterfield have devised a list of the ten most irritating phrases uttered by humans.

This top ten list appears in Butterfield’s latest book, “Damp Squid,” which was comprised from books, papers, magazines, journals, broadcast media and other sources:

  1. At the end of the day
  2. Fairly unique
  3. I personally
  4. At this moment in time
  5. With all due respect
  6. Absolutely
  7. It’s a nightmare
  8. Shouldn’t of
  9. 24/7
  10. It’s not rocket science

In addition to these expressions, Butterfield also came up with a runners-up list of phrases. Although it’s populated by office lingo like “think-tank” and “synergy,” the words “literally” and “ironically” nabbed honorable mention for being used incorrectly, or out of context the most often.

Does one particular word or phrase automatically send you or your co-workers off the deep end? Share your own pet peeves with others below.

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