Economy | AccountingWEB.com

Intuit Small Business Employment Index Results

02/06/2012 - 17:26 - 308 reads

Small businesses created 50,000 new jobs in January but paid employees less and gave them fewer hours. The East Coast, especially New York, showed more weakness in employment than in other parts of the country. These are some of the results of Intuit's latest Small Business Employment Index.

The Economy – Americans Feeling Better, CEOs Feeling Gloomy

01/30/2012 - 18:20 - 530 reads

Is the economy getting better or worse? It depends on who you ask. Two recent polls show that Americans are beginning to feel a bit better about the economy, but CEOs are feeling gloomy. For the first time in almost a year, more Americans say the economy is getting better than those who say it’s getting worse.

Talk of Taxes and Economic Growth Rose above Fray at Florida Debate

01/30/2012 - 17:23 - 673 reads

On January 23, the remaining contenders for the GOP presidential nomination hit the ground running in Tampa. Romney and Gingrich dominated the debate and traded barbs over character and electability. But, despite the fireworks, core issues – tax reform, deregulation, and economic growth – were discussed.

GOP Tax Debate Could Coalesce around Ron Paul's Ascension in Primaries

01/18/2012 - 10:34 - 990 reads

Despite his decisive second-place finish in the New Hampshire primary and his strong third-place showing in the Iowa caucus, there are still some political pundits who question whether Ron Paul, who was initially a middle-of-the pack candidate, is a viable contender for the GOP presidential nomination.

Cain Vows to Keep 9-9-9 Part of GOP Presidential Race

01/09/2012 - 14:12 - 1178 reads

Earlier this month, Herman Cain announced that, despite the fact he is no longer on the GOP ballot, he will continue to take his 9-9-9 tax reform and economic recovery plan to the public through his newly formed Solutions Revolution bus tour and media blitz.

Some CPA Analysts Question if Romney's Tax Reform Approach Will Fly

01/01/2012 - 18:32 - 1840 reads - 1 comment

Some Republican candidates' tax reform platforms have spurred discussion and controversy, but Mitt Romney's "Believe in America" plan for jobs and economic growth has drawn relatively little discussion. One CPA analyst argues that Romney is "staying status quo on the personal side of the tax equation."

NTEU President: IRS Budget Cuts Will Hinder Services to CPAs, Clients

12/29/2011 - 12:04 - 1835 reads - 1 comment

While the threat of a government shutdown has been put to rest, NTEU president is still warning Americans that reduced funding embodied in the signed omnibus spending agreement will place an enormous strain on the ability of government agencies to fulfill their critical missions – particularly the IRS.

Payroll Tax Takes another Holiday

12/27/2011 - 12:53 - 3371 reads - 2 comments

Our nation's lawmakers finally agreed to a compromise extension of the so-called "payroll tax holiday." The new law signed by the president on December 23 – the Temporary Payroll Tax Cut Continuation Act of 2011 – keeps the payroll tax break alive for another two months.

Wrangling Continues over the Payroll Tax Cut

12/19/2011 - 12:15 - 1304 reads - 1 comment

This morning (December 19), the Associated Press reported that "Boehner spoke after a chaotic weekend in which Senate leaders first failed to agree on a full-year bill, then coalesced around the two-month extension that passed overwhelmingly, only to spark a revolt among GOP conservatives in the House."

AICPA Panelists Examine Economic Outlook Survey Findings: CPA Leaders Remain Somewhat Pessimistic about US Economy

12/16/2011 - 13:02 - 1127 reads

AICPA Business and Industry Economic Outlook Survey measured nine components All nine components showed modest improvement in the fourth quarter Survey revealed increased optimism that the US economy will improve in 2012 AICPA Webcast, "Looking Ahead to 2012: Progress of Paralysis?" covering the survey to be made available