Saturday, February 11, 2012

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The True Meaning of Service in a Digital Ecomony
(CFO) - New technologies can transform what we mean by service in the digital economy, but only if you change your thinking first. Here's how to start. 
The Corporate Tax Rate Is Lowest in Decades; Is Business Paying Its Fair Share?
(Time Business) - According to the Wall Street Journal’s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? 
IRS Sparks Confusion on Property Upgrades
(CFO) - New IRS rules for the tax treatment of repairs or improvements to property apply to nearly every company, starting this year. But most tax executives are still unsure about how these so-called repair regs will affect their businesses, according to a recent survey. 
Couples Who Filed Joint Returns Must Now File Separate Powers of Attorney
(Tax Advisor) - Starting March 1, the IRS will no longer accept old versions of Form 2848, Power of Attorney and Declaration of Representative, and will accept only the version released in October 2011. The new version of the form requires a husband and wife who filed a joint tax return to each file a separate power of attorney on separate Forms 2848 to designate the representative he or she chooses, even if it is the same person (Instructions to Form 2848 (rev. October 2011)). 
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