The Indiana Department of Revenue wants taxpayers who sent in paper checks for payment of their 2010 income tax liability to anticipate that those checks could take until June 1, 2011 to process. The Department received about 500,000 paper returns and checks after the April 18 deadline. These returns and payments must be processed manually. Manual processing takes more time than processing returns and payments which were submitted electronically.
Professional Services Firms Are Replacing Billable Hours with Value-Based Pricing
Key Takeaways Hourly billing rewards time, not results. The traditional billable hour model creates a misalignment between client and firm. Clients want efficiency, but firms earn more when work takes longer. That tension is prompting a shift toward alternative fee...