Russell 3000 companies' indefinitely reinvested earnings have increased by 70% between 2008 and 2012 -- meaning these earnings will not be brought back to the U.S. At the same time, these companies are taking on debt to handle domestic needs, according to a report by Audit Analytics. This is legal, although the Securities and Exchange Commission has made a point of pressing companies on the subject in its review and comment period.
The Internal Revenue Service announced it will change its Schedule M-3 filing requirements for corporations and partnerships with assets between $10 million and $50 million. The goal is to simplify reporting for these entities. The change goes into effect for the tax year ending Dec. 31, 2014.
Mothers' wisdom for successful living can translate into a successful career. The author of this post gives five examples of mothers, including Michelle Obama, Cher Wang and Sara Blakely, and the lessons businesses should take away.