Economy

A&A

Survey Finds CPAs Have a Bleak View on US Economy for 2014

CPAs in New Jersey, New York, and Pennsylvania believe economic conditions will likely be the same one year from now. While they predict higher business revenues for their states next year, they do not have the same optimism for workforces.
Education & Careers

Accounting Managers Cautiously Planning to Hire More in Q4

Managers in accounting, finance, and IT are cautiously optimistic about their hiring plans for the fourth quarter of 2013, according to a new hiring outlook survey from staffing firm Brilliant.
Practice

Rosenberg MAP Survey: Firms Saw Spikes in Revenues and Turnover in 2012

CPA firms in 2012 posted their first respectable increases in revenues since before the start of the recession; however, professional staff turnover last year rose approximately 50 percent across the board compared to 2011.
A&A

Private Companies Growing Sales at Slower Rate than Previous Years

On September 23, Sageworks released its latest Private Company Report, a quarterly update on the health and state of privately held US companies.
Education & Careers

KPMG Survey: Higher Education Leaders Worried about Enrollments

The percentage of higher education leaders who are "very concerned" about their ability to maintain current enrollment levels is on the rise, according to the second annual Higher Education Outlook Survey conducted by KPMG LLP.
A&A

AICPA Economic Outlook Survey: CPA Execs More Optimistic about Hiring

Despite optimism in the US economy dropping 4 percentage points in the third quarter of 2013, business executives continue to raise their expectations for hiring in the coming year, as the number of companies that plan to add new employees increased by 3 percent.
Tax

IRS: Sole Proprietorship Returns Up 1.8 Percent in 2011

Approximately 23.4 million individual income tax returns for tax year 2011 reported nonfarm sole proprietorship activity, an increase of 1.8 percent from 2010, according to a new report from the IRS.
Technology

Technology Driving Growth for Small Businesses

What's driving growth for small businesses? According to 72 percent of small businesses surveyed recently by SurePayroll Inc., it's technology – not new hiring – as more companies are doing business online now than a year ago.
A&A

More Jobs Now, but Where Is the Country in Economic Cycle?

The August 2 report from the Bureau of Labor Statistics showing that US unemployment fell and 162,000 jobs were added in July was positive, especially on the heels of news that second-quarter GDP grew at an annual rate of 1.7 percent.
A&A

Survey: New Jersey CPA Firms Anticipate Growth in 2014

Nearly nine out of ten New Jersey CPAs expect their businesses to grow in 2014, while more than half say their firms are performing better now than at this time last year, according to a recent Capital One Bank survey.
Practice

AICPA Survey: Growth and Firm Development Key Priorities for CPA Firms

With economic conditions improving, CPAs are taking a longer-term, more strategic view of goals to ensure their firms thrive, according to the American Institute of CPAs' 2013 CPA Firm Top Issues Survey.
Practice Development

Sage Survey: Most Small and Midsized Businesses Not Hiring in 2013

Thirty-four percent of US small businesses and fifty-five percent of midsized businesses say they expect their staffing levels to remain the same in 2013, according to a hiring forecast by Sage North America.
Practice

Survey Finds Small Businesses Slowly Increasing Economic Activity

Small business owners are showing a willingness to hire more employees amidst signs of expanding business activity, according to the most recent Business Confidence Survey released by Insperity, Inc., a provider of human resources and business performance solutions.
A&A

AICPA Survey Finds Money Worries Taking Toll on Americans' Waistlines, Well-being

Feeling a little paunchy around the middle or particularly irritable when you pull into work in the morning? Don't blame it all on processed sugar or your two-hour commute. A recent AICPA survey found money worries are making many Americans impatient, unhealthy, and sleep deprived.
A&A

Political 'Hangover' Holds Back US Business Confidence Despite Financing Boost

Business confidence has grown in the United States, according to new research from ACCA and IMA®. However, businesses are not yet in a position to take advantage of better trading conditions and easier access to financing.
Education & Careers

Hostess Twinkies Set to Return, Union Laborers Won't

UPDATE: Fans of Twinkies won't have to wait much longer before the snack cakes return to grocery store shelves. Hostess Brands LLC – Metropoulos & Co. and Apollo Global Management's new incarnation of the baking company that liquidated in Chapter 11 – is reopening four bakeries in the next eight to ten weeks.
Tax

President Obama's Budget Proposal: What's Ahead for the Estate Tax?

In a tough economy, it's not likely that any fiscal changes will be met with cheers, and the $3.78 trillion budget proposed by President Obama on April 10 was no exception. His plan seeks to trim the deficit by $1.8 trillion over the next decade, leaning heavily on high-income earners to fill the gaps.
Education & Careers

Economic Outlook Still Murky as Job Market Remains Weak

The March US Department of Labor jobs report showed fewer jobs were added than in any month in almost a year, which adds to the uncertainties facing small businesses and accountants.
Tax

Gone Fishing: IRS Closing Offices for Holidays

Now the sequester is getting really serious! The IRS may shut down its offices completely for a few days surrounding several upcoming holidays in order to accommodate the federal government's budgetary needs.
Tax

Should You Spend or Save Your Tax Refund?

According to the AICPA's annual survey to determine Americans' top financial concerns and assess their financial well-being, taxpayers say they're likely to use their tax refund conservatively – to build up savings, pay for day-to-day household expenses, or put toward debt.

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