Below please find daily updates pertaining to the latest in financial, business, and tax news:
AccountingWEB.com - NewsHerz to retire as chairman of FASB
Robert Herz, chairman of the Financial Accounting Standards Board (FASB), will retire as of October 1, two years before his current term expires.
Obama wants to expand, extend business tax credits
President Barack Obama has proposed a 100 percent bonus depreciation business tax incentive for 2011 to encourage business investment. Obama also wants Congress to make the research-and-development tax (R&D) credit permanent. The official announcement of his plan was made during a political speech Wednesday in Parma, Ohio.
Company announcements: Week of September 7, 2010
Following is the latest roundup of firm news for the week of September 7, 2010.
Survey: Most finance executives confident in business growth
Financial executives are more optimistic today than they were this time last year. More than 80percent of financial leaders surveyed worldwide are at least somewhat confident in their companies' growth prospects, including 30 percent who are very confident, according to the annual Robert Half Global Financial Employment Monitor. Respondents also reported challenges locating skilledprofessionals forcertain jobs.
Actor, tax evader Wesley Snipes faces accusation of stalking
More than a month after Wesley Snipes lost his bid for a new tax trial, his name continues to appear in court documents and news headlines. Most recently, a New York woman has accused him of stalking her as a way to resolve his tax woes.
