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November 5, 2012
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Business Finance Today 
  • "Fiscal cliff" could add $3,700 to 26M households' tax bill
    Millions of middle-class U.S. taxpayers will face an average $3,700 tax increase from the alternative minimum tax if the "fiscal cliff" is not averted. Because the 26 million middle-income households affected have never had to pay this tax, most are unaware of its likely effect on them when they pay their federal income taxes, Lori Montgomery writes. The Washington Post (11/4) LinkedInFacebookTwitterGoogle+Email this Story
  • Investors pile money back into U.S. equities
    U.S. stock funds pulled in $1.06 billion in the week that ended Wednesday. It marked the first time since mid-September -- when the Federal Reserve said it would buy mortgage-backed securities -- that money going in exceeded money coming out. The inflow came partly from money market funds, which recorded $28.4 billion in outflow, the most since June. Reuters (11/2) LinkedInFacebookTwitterGoogle+Email this Story
Your Bottom Line 
  • Exec: Companies are savvier about business-interruption insurance
    Companies are getting smarter about making claims for business-interruption insurance as global catastrophes mount, says George Stratts of AIG Property Casualty. Companies know now to use forensic accountants throughout the claims process. To make sure their losses are covered, finance chiefs should carefully evaluate their operations before the event to understand exactly where the exposures are. The Wall Street Journal/CFO Journal (tiered subscription model) (11/2) LinkedInFacebookTwitterGoogle+Email this Story
  • AICPA releases accounting framework for smaller private companies
    The American Institute of CPAs has released a proposed accounting framework for small and medium-sized private companies that is designed to be simpler and cheaper to prepare than public-company financial statements, with fewer disclosures. The framework also incorporates an other-comprehensive-basis-of-accounting method, which is used by accounting professionals. It's expected that the framework will become an industry standard after the comment period ends on Jan. 28, Kathleen Hoffelder writes. CFO.com (11/2) LinkedInFacebookTwitterGoogle+Email this Story
In the C-Suite 
Off the Charts 
  • Stuck at an airport? Better hope it's not one of these
    Washington's Dulles International, Hartsfield-Jackson Atlanta International and New York's John F. Kennedy International are the worst airports in which to be stranded, according to a MissTravel.com survey. The website surveyed 5,000 members who rated airports on food, comfort and entertainment options. Los Angeles Times (tiered subscription model) (11/4) LinkedInFacebookTwitterGoogle+Email this Story
Most Read by CFOs 

Top five news stories selected by SmartBrief for CFOs readers in the past week.

  • Results based on number of times each story was clicked by readers.
SmartQuote 
Each catastrophe is unique, and each one offers insights and learning opportunities."
--George Stratts of AIG Property Casualty, as quoted by The Wall Street Journal's CFO Journal
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