Business and industry news from around the web: Jan. 22 – 26, 2018

Written on Jan 26, 2018

Researchers find quarterly reporting leads to corporate myopia
Mandatory quarterly reporting by public companies can lead to a short-sighted focus on near-term results, according to a new academic study.

The ‘my way’ approach to zero-based budgeting
CFOs can embrace a more innovative approach to budgeting without committing to the entire ZBB process.

Employee loyalty not for sale
Faced with a red-hot job market, employers offer perks like ski passes, e-readers and on-site acupuncture to attract and retain employees. While these benefits are fun and may help attract talent, once the luster wears off, employees see that these benefits are simply camouflage over a toxic work environment.

IRS issues additional guidance on transition tax on foreign earnings
The Treasury Department and the IRS have provided additional guidance for computing the “transition tax” on the untaxed foreign earnings of foreign subsidiaries of U.S. companies under the Tax Cuts and Jobs Act.

Tech Corner - What’s on your iPhone? Device searches by U.S. border officials are skyrocketing
International travelers headed to the U.S. should be prepared to hand over their smartphones. The U.S. Customs and Border Patrol conducted 30,000 searches of international travelers’ electronic devices in 2017, a 50% increase.

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