On Jan. 1, banks in the EU will have to implement IFRS 9 rules, which will require greater front-loading provisions for bad loans. Banks could see lower net income and dividends at first, but "banks, investors, and the economy will probably be better off when bad times inevitably come," Christopher Thompson writes.
Fidelity Investments will roll out a program this year that lets employers make after-tax contributions toward employees' student loans. Only 3% of companies surveyed by Aon Hewitt offer student-loan repayment as an employee benefit, while 5% say they are likely to add the perk.
Foreign businesses that want to expand operations in the US should be aware of the various taxes that states impose, including corporate income taxes, net-worth taxes, gross-receipt taxes and sales-and-use taxes, as well as business activities that could subject them to taxation.
CPAs can pass on their knowledge through teaching, speaking to students or serving on an advisory board. Here's how to get involved.
The Standard & Poor's 500 index climbed above 2,500 for the first time Friday. The index is up 12% this year and is on track for the largest annual increase in four years.