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).
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.
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.
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.
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.
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.
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.
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).
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.
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.
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.
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.
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.