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Tax Geek Tuesday: How Does The New Limitation On Deducting Business Interest Expense Work? (Forbes) - Congress limited the deduction a business may claim for its interest expense to 30% of "adjusted taxable income." This raises another $250 billion. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES The Rise of Data Analytics (Ohio CPA Voice) - Improved access to complete datasets, increased availability of analytical software, and capabilities and expectations for real-time and predictive information are driving a rapid cultural shift in auditing and financial reporting. Feb. 8 Government Shutdown Could Cripple IRS in Middle of Tax Season (CPA Practice Advisor) - The shutdown of the federal government on January 20 only lasted two days. But another deadline is looming: Uncle Sam will close up shop again on February 8 if Congress doesnât take further action. Chemical in McDonald's Fries Could Cure Baldness, Study Says (Newsweek) - Japanese scientists may have discovered a cure for baldnessâand it lies within a chemical used to make McDonaldâs fries. On Monday, the Dow Jones Industrial Average Dropped 1,175.21 Points to Close Down at 24,345.75 (CNBC) - Global markets also fell sharply. The German Dax dropped 2.1 percent, while the French CAC 40 fell 2.4 percent. In Asia, the Japanese Nikkei 225 plunged 4.7 percent, while the Shanghai composite pulled back 3.4 percent. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Largest human mattress dominoes - Guinness World Records   |