Month: August 2018

In the past decade, the Asia-Pacific region has been characterized by fast-growing, innovative economies that have presented substantial opportunity for U.S. companies. Looking ahead, APAC is poised to remain the land of opportunity. According to the most recent Economic Outlook report published by the Organization for Economic Cooperation and Development, APAC is forecast to be
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Nobody likes to be placed on the defensive, but that’s the position in which CPAs in a malpractice suit find themselves. And it’s worse than most would imagine, according to Bill Thompson, president of CPA Mutual. “Most people don’t realize the time it takes to settle a large suit,” he said. “It typically takes four
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Key Findings The U.S. Supreme Court in South Dakota v. Wayfair this year ruled that a state may require collection of sales tax by out-of-state internet retailers who sell into the state (“remote sellers”), so long as the law does not discriminate against or place excessive burdens on those engaging in interstate commerce. The Court
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If the World Trade Organization doesn’t “shape up,” President Donald Trump told Bloomberg he would pull the United States out. In a Thursday interview with Bloomberg, Trump again criticized the international trading group’s treatment of the United States. He told Bloomberg, “If they don’t shape up, I would withdraw from the WTO.” The president’s comments
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Bank of America Merrill Lynch is getting worried about the video gaming industry’s holiday selling season. The firm lowered its rating for both Electronic Arts and Activision Blizzard shares to neutral from buy, citing the crowded holiday slate and competition from “Fortnite.” On Thursday, EA shares fell nearly 10 percent after the company delayed its
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Ulta Beauty shares rebounded Friday morning after falling in after-hours trading Thursday, as the makeup retailer announced it will be bringing Kylie Cosmetics to its stores, exclusively, ahead of the holiday season. The stock skyrocketed as much as 10 percent, hitting a 52-week high of $268.88. On Thursday afternoon, shares fell more than 6 percent
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In a five-day special session that concluded August 29th, Mississippi lawmakers reached an agreement to reduce the state’s $400 million per year infrastructure funding shortfall, a plan that includes several tax changes. As of mid-August, more than 400 locally-owned bridges remained closed, with another 1,700 subject to weight restrictions, due to safety concerns and insufficient
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