Business and industry news from around the web: Dec. 18 – 22, 2017

Written on Dec 21, 2017

S corp. basis and why it’s important
S corporations are considered passthrough entities that pass the income and losses earned from the business to the shareholders, who are taxed on the business's income and losses on their individual income tax returns. But shareholders cannot automatically assume that loss is deductible on an individual tax return.

Advice for managing the length of annual reports
The average length of financial reports is growing as companies try to address regulation and focus on their business narrative.

Companies can CEOs, CFOs for high tax rates
Because CFOs are often held accountable for the corporate tax function, they’re more likely to be fired when the company’s tax rate is significantly higher than those of their peers, according to a new study of the relationship between corporate tax rates and their job risks for CEOs and CFOs.

FASB leasing tweak offers ‘big relief’
The recently proposed tweaks to FASB’s new leasing rules represent a big breather for the many public companies racing to comply with the standard by its Jan. 1, 2019, deadline, a lease accounting expert says.

Tech Corner - Why rebooting your router fixes so many problems (and why you have to wait 10 seconds)
The internet is down, but you know what to do: unplug your router or modem, wait 10 seconds, then plug it back in. It’s second nature at this point, but why does it actually work? And is there some magic to the 10 second number?

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