Economy

A&A

Manufacturers to be hit with skill shortage due to retiring Baby Boomers

Manufacturers are anticipating a surge of skill shortage as the Baby Boomers retire. Most of those surveyed have current job openings and are encouraging older workers to stay on the job.
Tax

Ohio Congressman Stivers explains effects of debt ceiling legislation

The Senate approved the bipartisan bill last week, voting 74-26. The legislation will raise the debt ceiling $900 billion and cut government spending, which Representative Steve Stivers (R-OH) calls "not perfect, but the package as a whole helps small businesses...."

Congress raises debt ceiling; extraordinary Special Joint Committee to propose future debt reduction measures

The U.S. Senate has passed and President Obama has signed legislation, which, for the first time, links an increase in the debt limit to budget decisions.
Education & Careers

Millennials frustrated with weak economy, scarcity of jobs

POLL: Only 31% of young people 18-29 approve of the President’s handling of youth unemployment, 69% say Washington is not addressing concerns of young people.
Education & Careers

IMA survey finds slight increase in salaries for finance and accounting professionals

The Institute of Management Accountants' recent salary survey found that, while salary increases were moderate in 2010, accountants holding professional certification have greater earning power than those with no certification.
A&A

Underserved market represents new service potential for financial institutions

The underserved market is considered one of the fastest growing segments in the United States and represents significant potential for banks willing to develop new products and services, according to a recent study.
A&A

CPAs, CFOs pessimistic about economy

According to the latest AICPA Economic Outlook Survey, chief financial officers, controllers, and CPAs in executive and senior management accounting roles are far less optimistic now about the direction of the U.S. economy than they were in the first quarter of 2011.
A&A

National CFO survey finds optimism up, along with inflation worries

Grant Thornton LLP, in a survey of more than 300 CFOs and senior comptrollers, reported that 48 percent say the economy should improve over the next six months, but 66 percent of the respondents say they will raise prices.
A&A

Accounting and finance professionals seem glum about the economy

Recent survey results show accounting and finance pros paint a depressing picture of the U.S. economy including 70 percent who lack confidence in the strength of the economy.
Tax

CFOs speak out on economy, health care, wages, and benefits

In a national biannual survey of U.S. Chief Financial Officers and senior comptrollers conducted by Grant Thornton LLP, 54% of respondents say the best way to reduce the U.S. federal deficit is to reduce spending.
A&A

Public unions, the economy, and what's at stake for companies now

It's a story that's playing out across the country – cash-strapped governments are scrambling to balance their budgets while hamstrung by the contracts of current and retired public union workers.
Wealth management

Number of U.S. millionaires expected to double before end of decade

A new report from the Deloitte Center for Financial Services suggests the total wealth among millionaire households could more than double over the next decade in 25 major economies, growing from an estimated $92 trillion this year to $202 trillion in 2020.
A&A

Debit cards rewards may be gone; more changes coming

JPMorgan Chase has announced that it will end its popular debit card rewards program for existing customers on July 19. Wells Fargo, SunTrust, and PNC have announced that they will either end their rewards programs or close them to new customers.
A&A

Positive outlook for economy, particularly manufacturing

After a dip in confidence four months ago which raised doubts over the sustainability of the global economic recovery, optimism again appears to be back in fashion across virtually all key markets.
A&A

Many baby boomers see retirement delayed at least four years

Half of Baby Boomer clients who have postponed retirement due to the economic downturn expect to work at least four years longer than they originally planned, according to CPA financial planners surveyed by the AICPA.
A&A

SEC Shadow NAV rule means greater transparency for investors

The Securities and Exchange Commission (SEC) has announced that, for the first time, investors can access detailed information that money market funds file with the Commission.
Tax

CFO survey: U.S. leads Europe in economic, business confidence

Chief Financial Officers in the United States lead CFOs in Europe in optimism, access to credit, and plans for hiring new workers, according to a recent survey. Despite their differences, U.S. and European CFOs share some of the same business challenges and economic worries as they kick off 2011.
Practice

Small business employment index indicates job growth in January

Small business employment continued to show encouraging growth in January, with hours worked showing a strong increase as wages grew slightly, according to a recent survey.
A&A

Deloitte CFO Vision Poll: Midterm elections improve business outlook

Despite the fact that more than 70 percent of chief financial officers at Deloitte's annual CFO Vision conference believe current government financial policy has either had no effect or negatively impacted their business, the tide is turning toward a more positive outlook.
Education & Careers

Small business employment index indicates 49,000 new jobs; wages down slightly

Small business employment continued to show growth in November, although wages were down and hours worked remained flat, according to this month's Small Business Employment Index by Intuit Inc.

Pages