Trends

Education & Careers

$53,300: The Average Starting Salary for New Accounting Grads

Accounting students who will graduate in 2013 will be the beneficiaries of an average starting salary that has increased by 7 percent over last year, according to the National Association of Colleges and Employers (NACE).
Tax

State Nexus Policies Focus of Bloomberg BNA Survey

Many states say they would find nexus as a result of owning a web server in their jurisdiction, telecommuting employees, and making transactions that involve non-US entities, according to the thirteenth annual "Survey of State Tax Departments" by Bloomberg BNA.
A&A

Report: Most General Ledger Accounts Reconciled Manually

If you think automation is primarily being used to reconcile the general ledger accounts of public and private companies, think again. Nearly two-thirds of finance departments in US companies and one-half in Canadian companies are still using a manual accounting system.
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.
Tax

Top Countries Using Tax Code to Shape Sustainable Corporate Activity

The United States ranked first among twenty-one countries most actively using the tax code to influence sustainable corporate activity, according to the inaugural edition of the KPMG Green Tax Index.
Tax

Study Identifies Popular Havens for Likely Tax Cheats

According to a recent report by the Taxpayer Advocate Service (TAS), an independent division within the IRS, some of the nation's largest cities may be hotspots for tax cheats.
A&A

Survey Finds Parents Flagging as Financial Role Models

Turns out American kids aren't the only ones with a foggy idea about the financial future. According to a recent study by T. Rowe Price, many parents are also neglecting to prepare for their families' long-term financial stability.
Tax

Survey Shows Small Businesses Struggle with Complex Tax Code; Turn to Accountants

According to Sage survey results, the majority of small businesses that use the services of an outside accountant do so, in part, because of the complexity of regulations and tax code.
Education & Careers

Robert Half Survey Reveals Retention Is Executives' Main Staffing Concern

As difficult as it has become to locate top performers, keeping them on board is proving to be an even greater worry for employers. Nearly four in ten CFOs interviewed said retaining valuable employees is their biggest staffing concern for the next twelve months.
Technology

What Small Business Owners Don't Understand Could Be Holding Them Back

Sage North America announced April 18, 2013, the availability of Sage 50 Accounting 2014-US Edition for small businesses. The 2014 release coincides with National Financial Capability Month.
Tax

Pace of Tax Return Filings Slower than Last Year

It looks like the last-minute run-up to the April 15 tax deadline has been particularly frantic for accountants, taxpayers, and the IRS this year. According to TIGTA, as of March 9, the IRS had received more than 65 million tax returns, down from the nearly 72 million returns filed during the same period in 2012.
Tax

IRS Plans to Cut Back on Big Company Audits This Year

The IRS plans to spend 18 percent less time auditing businesses with assets of $10 million or more in its current fiscal year compared to two years ago, according to a report from Syracuse University's Transactional Records Access Clearinghouse (TRAC).
Practice

Financial Outsourcing Services Seen Growing 8 Percent Annually Through 2017

Global spending on finance and accounting business process outsourcing (F&A BPO) services will exceed $25 billion in 2013 and rise at an annual compound growth rate of 8 percent through 2017, according to research by accounting firm KPMG and HfS Research.
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.
Technology

Report Summarizes Eight Emerging Trends with Potential to Significantly Impact Global Business

Deloitte recently released its inaugural "Business Trends 2013" report outlining eight trends expected to be crucial strategic drivers for global business.
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.
AccountingWEB Life

Lack of Savings Is Americans' Top Financial Concern

Consumers admit they're in dire need of professional financial advice, at least according to 78 percent of those who participated in the 2013 Financial Literacy Survey conducted by the NFCC and the Network Branded Prepaid Card Association.
Practice

Survey Ranks Best and Worst States/Cities for Small Businesses

If you're a footloose CPA or thinking about starting your own firm, then check out Utah, Alabama, New Hampshire, Idaho, and Texas. According to a recent survey, they rank as the top five friendliest states for small businesses.
Tax

Survey Reveals Taxpayers Who Procrastinate Pay 33 Percent More than Early Filers

Taxpayers who procrastinate getting their returns prepared or who file for an extension will pay about one-third more in tax preparation fees than those who filed in January or February.
Technology

Three-Quarters of CIOs Surveyed Said Their Firms Don't Capture Customer Data

Big data is not without big obstacles for some CIOs. In a survey from Robert Half Technology, 76 percent of chief information officers (CIOs) said their companies don't presently gather customer data, such as demographics or buying habits.

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