A taxpayer who ran an investment firm could not deduct legal and professional fees incurred during his divorce that were not related to his business or attributable to production of taxable income. Instead, they were personal expenses.
Careful grooming of people is required to unleash innovation that sets a business apart from competitors.
Is this the year for cutting ties with a boss and going out on your own? Before you take that leap, think about all the advantages and challenges you would experience pursuing such a significant life decision.
Stock analysts have a reputation for being overly optimistic, but a report from the American Accounting Association indicates a good deal of pessimism in earnings forecasts. "The analyst tends to omit positive news from current quarterly earnings forecasts while revising such forecasts [downward] in response to negative news," the report states.
Informal power, which is separate from a person's job title, affects how much a person is able to get things done. Here are ways to determine whether you have informal power and suggestions for improving your standing.
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