techyt times.

• Position: News & trends

These days, it's said, every business is a technology business. But it might be more accurate to say that every business is a business that wrestles with technology. A survey of accounting leaders found the following issues to be top of mind:

the numbers

S119K

Average annual salary for CPAs based in the United States.

-AICPA

71%

Number of professionals who feel it's appropriate to connect with colleagues on Facebook.

-OfficeTeam

1.5M+

The number of Californians who take advantage of California's automatic six-month filing extension.

-FTB

20%

The corporate tax rate proposed by the White House's Unified Tax Reform Framework.

-U.S. Dept. of the Treasury

S162M

Amount the SEC has granted in whistleblower awards.

-SEC

$6,000

Amount qualified taxpayers can receive through the combined state and federal California Earned Income Tax Credit.

-FTB

STUDY: High Corporate Tax Rates Hinder M&A Activity by U.S. Companies

The high U.S. corporate tax rate and taxation of international business income of American companies hinder mergers and acquisitions of U.S. companies and investment in them by foreign companies, putting U.S. companies at a global competitive disadvantage, according to a recent study by EY.

At the same time, the report--conducted on behalf of the Business Roundtable--suggests that foreign companies that face little or no additional tax on the foreign income of multinational...