Economy

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.
A&A

Employment, pay improves for small businesses in October

Small business employment growth and compensation picked up in October with a strong uptick in hours worked.
A&A

Consumers expected to tighten belt with holiday spending budgets

While the National Retail Federation is predicting a modest 2.3 percent increase in holiday retail sales this year, some consumers are not planning to open their wallets too far – or at all.
Practice

Economic confidence rises in Q3; CFOs plan to hire

Chief financial officers are slowly but surely easing from the recession, and are finding new opportunities to hire, despite unemployment levels remaining historically high.
Practice

More accounting and finance workers confident in ability to find new job

The Accounting and Finance Employee Confidence Index increased 0.6 points to 53.9 in the third quarter of 2010, according to a recent survey. The index is a measure of overall confidence among U.S. accounting and finance workers.
A&A

Rosenberg MAP Survey: CPA firms weather recession nicely

The recession hit the CPA industry with full force in 2009, and the results were quite different than in years past. Growth for CPA firms has been steady for 20 years or more, so firms had to rapidly adapt to the reality that the gravy days are gone for the time being.
A&A

BP oil spill investment scams make an appearance

The Securities and Exchange Commission is alerting individuals and small businesses about potential investment frauds targeting those who receive lump sum payouts from BP due to the oil spill in the Gulf.
A&A

Japan’s economic crunch, its effect on the U.S.

Growing concerns have compelled the Bank of Japan’s policy board to take significant steps to jumpstart its faltering economy. The bank calls its multi-pronged strategy a “comprehensive monetary easing policy.”
A&A

CAQ survey: Investors remain confident in U.S. companies and audited information

Despite fluctuating markets over the past year, individual investors remain confident in investing in U.S. companies that are publicly traded and in audited financial information.
A&A

Survey: Most finance executives confident in business growth

Financial executives are more optimistic today than they were this time last year. More than 80 percent of financial leaders surveyed worldwide are at least somewhat confident in their companies' growth prospects.
Tax

Revenue worries don't stop states from offering tax holidays

Taxpayers in 16 states will get sales tax breaks on the purchase of various school-related purchases during certain dates in July and August.
A&A

Additional details on new financial reform act

Currently consumer protection for various financial products, such as credit cards and mortgages, falls to different groups. The Restoring American Financial Stability Act of 2010 (RAFS), signed into law by President Barack Obama this week, changes all that.
A&A

The recently signed financial reform act and how it might affect you

President Barack Obama signed into law on Wednesday the Restoring American Financial Stability Act of 2010 (RAFS). The bill was signed despite lingering questions surrounding many of the legislation's details.
A&A

SEC nails Goldman Sachs for subprime mortgage settlement

The SEC announced on Thursday that Goldman, Sachs & Co. will pay $550 million and reform its business practices to settle SEC charges that Goldman misled investors in a subprime mortgage product just as the U.S. housing market was starting to collapse.
A&A

Businesses worry about financial statement fraud, "double dip" in economy

Financial statement fraud was the most commonly expressed type of fraud risk that respondents said their company would be most concerned about in the next 12 months, according to a survey of business professionals during a recent Deloitte Webcast.
Practice

Small businesses add 18,000 new jobs in June

Small business employment grew by 0.09 percent in June, equating to a 1.1 percent annual growth rate, according to the Small Business Employment Index by Intuit Inc. The growth in percentage of small business employment translates to approximately 18,000 new jobs in June.
A&A

Bloomberg poll: Investing in the United States is a good idea

In the world of investments, BRICs are the large emerging markets made up of Brazil, Russia, India, and China. Just months ago a poll of global investors rated the United States well below China and Brazil as an attractive market to buy into.
A&A

RAN ONE Americas seminar offers economic updates, advice

The recession is probably over and national and local economies are showing signs of recovery, Dr. Pearl Kamer, chief economist for the Long Island Association, Long Island, New York’s largest business organization, recently told an audience of CPAs and business advisors.
Practice

Most executives remain confident about business growth

Six percent of chief financial officers said they plan to hire full-time accounting and finance employees during the third quarter of 2010, while 9 percent anticipate staff reductions. Despite those numbers, CFOs remain optimistic about the outlook for their businesses.
A&A

Survey: CPA execs’ outlook optimistic for first time in two years

CPA executives in business, industry, and government are optimistic for the first time in two years as business leaders gain confidence that improvements in the U.S. economy will translate to better results for their organizations.

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