Tax Outsourcing: Mindful Management, Part I

Internal tax departments are charged with providing tax-planning that minimizes cash outflow while maintaining compliance with all federal, state, local and foreign tax laws. These requirements are not new, but they must be executed in a highly regulated environment and the need to “get it right” has never been greater.

Bennett Thrasher Fall 2013 Recruiting Events

The fall 2013 Bennett Thrasher recruiting season is finally here! This fall there is quite a bit happening with BT campus recruiting. We have a new campus recruiter, we are recruiting on more campuses than in previous years and we have numerous socials lined up. Everyone at BT is looking forward to a busy and rewarding recruiting season.

Recap of 2013 Student Conference: “Break Through”

Bennett Thrasher hosted “Break Through,” our first student conference, on July 11th and 12th of 2013. Students from various universities were invited to the office to participate in two days of networking and learning with the hopes of being better prepared for the fall recruiting season.

IASB and FASB Propose Changes to Lease Accounting

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) on May 16, 2013 published for public comment a revised Exposure Draft outlining proposed changes to the accounting for leases. The proposal aims to improve the quality and comparability of financial reporting by providing greater transparency about leverage, the assets an organization uses in its operations and the risks to which it is exposed from entering into leasing transactions.

Bennett Thrasher Wellness Initiatives Challenge Associates to Step Up with Fitbit Flex Activity and Sleep Trackers

This summer, more Bennett Thrasher associates have been taking the stairs instead of the elevator up to the office. As a part of the Bennett Thrasher wellness initiative, BT associates were given Fitbit Flex Activity and Sleep Trackers, a small pedometer worn around the wrist to track steps taken, calories burned and distance travelled throughout the day. It can also be programmed to track how long and how well you have slept.

Price Erosion Theory Upheld in Infringement Case

On March 13, 2013, in SynQor, Inc. v. Artesyn Technologies, Inc. (2013 U.S. App. LEXIS 5051), the US Court of Appeals for the Federal Circuit affirmed the district court’s summary judgment that the defendants (Artesyn and eight other parties) infringed on plaintiff’s patents related to high-efficiency power converter systems used in large computer systems and telecommunication and data communication equipment.

What You Can Do to Combat Fraud in the Workplace

According to the Association of Certified Fraud Examiners’ (ACFE) 2012 Report to the Nation on Occupational Fraud and Abuse, organizations lose approximately 5% of their annual revenues to fraud. Applied to the 2011 Gross World Product, this amounts to over $3.5 trillion in potential loss due to fraud. On a more personal level, the median loss due to fraud was estimated at $140,000 per occurrence.

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