Category: News

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Corporate Tax Breaks Equaled Revenue In 2011

Corporations paid about as much in taxes in 2011 as they received in tax breaks, according to a new report from the Government Accountability Office.

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Decline In IRS Staff Leads To Fewer Audits

“The Transactional Records Access Clearinghouse (TRAC), reports that the IRS plans to expend 18% fewer staff hours auditing large businesses with assets of more than $10 million in fiscal year 2013 (which ends Sept. 30) than it did in FY 2011.”

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Risk Management Techniques For Changing Market

“Companies are undertaking major transformations to respond to global market shifts, and risk management techniques need to keep pace with the changes.”

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Growing Concern As Banks Increase Business Loans

“The recent spurt in bank business lending is starting to flash some warning signs. The concern is that banks are making loans to businesses at rates that are [too] low.”

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Audits Show SEC Needs To Better Protect Data

“Sensitive non-public information could be compromised if the U.S. Securities and Exchange Commission fails to take additional steps to improve its internal controls, an agency watchdog has found.”

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