News
| New Payroll Tax Holiday | |
| Jan. 1: | The new payroll tax holiday, created by the HIRE act is now in effect. The new law exempts employers from their share of Social Securi...read more >> |
| Study: Entrepreneurs Are Surprisingly Cautious With Personal Finances | |
| Sep. 3: | Entrepreneurs typically are viewed as financial daredevils, but research from the Kauffman Foundation suggests otherwise. For instanc...read more >> |
| Proposed Regulations Expand the Use of Electronic Payment System and Discontinue Paper Coupons Next Year | |
| Sep. 2: | WASHINGTON — Consistent with a Financial Management Service initiative announced in April of this year, the IRS today issued proposed...read more >> |
| SEC Proposes U.S. GAAP reporting Taxonomy Using XBRL | |
| Sep. 2: | The Securities and Exchange Commission and the Financial Accounting Foundation have released a proposed taxonomy using eXtensible Busin...read more >> |
| 1099 Information Reporting Changes | |
| Sep. 2: | The passage of the Healthcare reform bill included some drastic changes to 1099 information reporting. 1. The elimination of the corp...read more >> |
| TARP Bought TIme, Not A Recovery | |
| Aug. 31: | Despite use of the Troubled Asset Relief Program and economic stimulus, not enough people are buying homes because there is too much in...read more >> |
| New Reasons To Consider The Domestic Manufacturing Deduction | |
| Aug. 30: | Starting this year, the domestic manufacturing deduction increases to 9% of income from eligible activities, making it more attractive ...read more >> |
| Selling You Business? Consider These Alternative Exit Strategies | |
| Aug. 27: | Are you considering selling your business? Here are some alternative exit options. For those who have a lot of cash, it’s a gre...read more >> |
| 5 Small Business Resources You Should Be Following On Twitter | |
| Aug. 26: | As a small business owner, you know that the best resources aren’t always financial. Sometimes, the most valuable resources are...read more >> |
| AICPA Vice President Testifies About IRS Plans To Regulate Return Preparers | |
| Aug. 25: | Testifying at an Internal Revenue Service hearing on Tuesday, Edward Karl, vice president of taxation for the AICPA, urged the IRS to s...read more >> |
| CARD Act Is Blamed For A 9-Year High In Credit Card Interest Rates | |
| Aug. 24: | Credit card interest rates reached a nine-year high in the second quarter, with the average interest rate on existing cards increasing ...read more >> |
| Fed Report Paints a Grim Picture of U.S. Household Debt | |
| Aug. 23: | Data from the Federal Reserve Bank of New York illustrate the challenges faced by America's households as they work to free themselves ...read more >> |
| CBO Sees Long, Slow Path To Economic Recovery | |
| Aug. 20: | Although the Congressional Budget Office expects the economy to grow by 3% this year, sustained unemployment rates and sluggish manufac...read more >> |
| 4 Tech Tips To Boost Efficiency | |
| Aug. 19: | The August edition of the Journal of Accountancy's Technology Q&A includes tips on security and managing data in Excel, as well as inst...read more >> |
| China Replaces Japan as the World's Second-Biggest Economy | |
| Aug. 16: | Japan's gross domestic product for the second quarter confirmed that China is the biggest economy in Asia and the second-largest in the...read more >> |
| U.S. Had Fewer Jobs In July Than At The Recession's End, Data Show | |
| Aug. 13: | U.S. labor statistics confirm that a much-feared jobless recovery has become a fact, according to The Economist. Last month, there were...read more >> |
| Tweedie Warns U.S. On Adopting Global Accounting Rules | |
| Aug. 11: | Sir David Tweedie, chairman of the International Accounting Standards Board, said the U.S. needs to accept international accounting rul...read more >> |
| Fed Likely Will Consider Stimulus Measures As The Economy Falters | |
| Aug. 10: | Officials at the Federal Reserve are expected to consider and possibly adopt fresh economic stimulus at their meeting today. Economic d...read more >> |
| Economy To Slowly Improve, Former Officials Say | |
| Aug. 9: | Robert Rubin and Paul O'Neill, former secretaries of the Treasury, said that more fiscal stimulus likely won't help although the econom...read more >> |
| "Anemic Recovery" Will Force The U.S. Into Smarter Stimulus, Stigilitz Says | |
| Aug. 6: | The Obama administration's effort to stimulate economic growth was a big gamble that isn't paying off, said Nobel-winning economist Jos...read more >> |
| Survey: Small-Business Owners Expect Recession To Last Into 2011 | |
| Aug. 4: | Nearly 80% of small-business owners expect the recession to continue into next year, but most are confident that they can weather poo...read more >> |
| Analysis: The Economic and Political Power of Small Business | |
| Aug. 2: | Politicians of both parties in the U.S. are invoking the name of "small business" regularly as unemployment holds at 9.5% and an electi...read more >> |
| Affluent Investors Cite Importance of Financial Literacy For Children | |
| Jul. 29: | More than half of all adults with at least $250,000 in investments say that "financial know-how" is the most important lesson to pass o...read more >> |
| The Decade's 25 Highest-Earning CEOs | |
| Jul. 28: | The Wall Street Journal breaks down the business world's biggest earners for the past decade. Larry Ellison of Oracle tops the list, ra...read more >> |
| Most Small Businesses Are Unaware of Health Insurance Tax Credit | |
| Jul. 27: | Nearly 3.2 million small businesses qualify for tax credits this year to help them provide health insurance for their employees, but mo...read more >> |
| Analysis: U.S. Labor Market Remains In Serious Trouble | |
| Jul. 26: | Recent congressional action to extend unemployment benefits for 2.5 million people is a reminder that although the recession probably e...read more >> |
| Top 10 Social Media Tools To Find Your Referral Champions | |
| Jul. 21: | Mailing list companies and direct marketers have always practiced the art of data appending to create better, more personal lists. ...read more >> |
| IRS Has Increased Audits On Small Businesses, Study Shows | |
| Jul. 20: | The Internal Revenue Service has spent more time auditing small businesses over the past five years, according to a study by Syracuse U...read more >> |
| U.S. Businesses Are Ready To Hire And Buy Equipment | |
| Jul. 19: | Investment in business equipment and hiring are set to increase during the next six to 12 months in the U.S., according to a survey b...read more >> |
| Senate Passes Financial-Reform Bill | |
| Jul. 16: | The Senate on Thursday approved a major regulatory-reform package that President Barack Obama is expected to quickly sign into law. The...read more >> |
| Fed Sees Credit Easing For Wall Street and Tightening For Main Street | |
| Jul. 15: | Lending policies for Wall Street and Main Street are headed in opposite directions, with borrowing by hedge funds getting easier and le...read more >> |
| How NOT To Run Your Family Business | |
| Jul. 14: | Family businesses are a staple of our economy, so they're with us to stay. We need them to be successful, especially now, when econ...read more >> |
| Bernanke Urges Banks, Regulators To Help Small-Business Lending | |
| Jul. 13: | Ben Bernanke, chairman of the Federal Reserve, acknowledged that economists are not sure why small-business lending has significantly...read more >> |
| Banks Worldwide Need To Repay Or Roll Over Trillions In Loans | |
| Jul. 12: | The International Monetary Fund, the Bank of England and the European Central Bank warned that financial institutions worldwide need to...read more >> |
| Imbalance That Fueled Recession Is Blocking U.S. Rebound, Experts Say | |
| Jul. 9: | The U.S. is once again the world's favorite consumer, a sign that policymakers who identified imbalance as a trigger of the economic do...read more >> |
| Market Segmentation To Grow Customers, Sales, and Profits | |
| Jul. 7: | Orchestrating a business turnaround, expanding customer base by 60 percent, and introducing a new product embraced by consumers in the ...read more >> |
| Is NBA's LeBron James Worth $16.5 Million? | |
| Jul. 6: | We don’t know where LeBron James will land, but we do know that, no matter who pays him, he’ll make $16.5 million this upcoming sea...read more >> |
| Weak Reports Revive Fears About Double-Dip Recession | |
| Jul. 2: | Some economists express heightened fears of a double-dip recession, and others may revise their growth forecasts for the third quarter....read more >> |
| Dave's Thoughts On The National Debt | |
| Jun. 30: | In 2008, the U.S. national debt stood at $9 trillion. In just two years, we added $4 trillion to our debt, increasing it by almost 50%!...read more >> |
| Extension of Unemployment Benefits IS Blocked In The Senate | |
| Jun. 25: | Nearly 1 million jobless workers who had received extended unemployment benefits stopped getting checks last month when the benefit exp...read more >> |
| Fed Reiterates Vow To Keep Rates Low For "Extended Period" | |
| Jun. 24: | Officials from the Federal Reserve signaled that the European sovereign-debt crisis could hurt economic growth in the U.S. as they left...read more >> |
| China's Yuan Move Could Help U.S. Economy | |
| Jun. 23: | Beijing's decision to allow greater flexibility in its currency could help efforts by Federal Reserve Chairman Ben Bernanke to ensure e...read more >> |
| Government Encourages Small Business To Tap SBA Loan Program | |
| Jun. 22: | The 504 loan program from the Small Business Administration offers companies fixed-rate financing for refinancing existing mortgages, a...read more >> |
| Fed Takeover of Fannie and Freddie To Cost Tax Payers $389B | |
| Jun. 21: | The government's decision in September 2008 to take over Fannie Mae and Freddie Mac will ultimately cost taxpayers $389 billion, thanks...read more >> |
| Recovery Act Recipients Must Follow Single Audit Act | |
| Jun. 18: | Entities that have received money under the American Recovery and Reinvestment Act may be at risk if they shirk compliance and internal...read more >> |
| U.S. Residential Construction Reaches Lowest Rate Since December | |
| Jun. 17: | Construction of houses and apartments in the U.S. fell 10% between April and May to a seasonally adjusted annual rate of 593,000, the l...read more >> |
| 5 Reasons Why Converting To A Roth May Not Be The Right Choice | |
| Jun. 15: | Conversions from traditional to Roth IRAs have increased after a recent change in income limits, but the move isn't right for everyone,...read more >> |
| Bernanke Warns About Danger Of Structural Deficit | |
| Jun. 10: | Source: CNBC Federal Reserve Chairman Ben Bernanke told the House Budget Committee that the U.S. isn't creating enough jobs to pay fo...read more >> |
| Macro-Strategist Says Austerity Measures Are Needed In U.S. | |
| Jun. 9: | European countries are adopting austerity measures to reduce debt and the U.S. should follow suit, according to Timothy Scala, a macro-...read more >> |
| Stock Market Volatility Sends U.S. Mortgage Rates to Historic Lows | |
| Jun. 8: | Americans looking to buy a home or refinance a mortgage could be big winners from the plummeting stock market, as investors unload equi...read more >> |
| Banks Should Ramp Up Small-Business Lending, Bernanke Says | |
| Jun. 4: | Federal Reserve Chairman Ben Bernanke urged banks to help the economic recovery by stepping up their lending to small businesses. "Whil...read more >> |
| AICPA Comments On Uncertain Tax Position Reporting | |
| Jun. 3: | The AICPA sent a comment letter to the Internal Revenue Service on Tuesday, urging the agency to withdraw its recent proposal to requir...read more >> |
| Study: Groups Lose 5% To Fraud | |
| Jun. 3: | A global survey of certified fraud examiners found that organizations lose about 5% -- or a total of more than $2.9 trillion -- to frau...read more >> |
| Commerce Report Shows Increased Spending In All Major Sectors | |
| Jun. 2: | Construction spending rose with the help of temporary government incentives in April, according to a report released Tuesday by the Com...read more >> |
| Investors Continue To Buy Treasury Bonds Despite Deficit | |
| Jun. 1: | Investors poured cash into 10-year Treasury bonds paying 3.3% interest on Friday, indicating they consider the U.S. to be among the wor...read more >> |
| Global Risk Aversion Pushed Down U.S. Mortgage Rates | |
| May. 28: | Interest rates on residential mortgages in the U.S. are closing in on an all-time low, thanks to financial turmoil in Europe and high v...read more >> |
| Officials Fret Over Outlook For AIG | |
| May. 27: | Elizabeth Warren, chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, called a six-hour meeting Wedn...read more >> |
| Survey: Climate-Change Spending Is On The Rise At Global Companies | |
| May. 26: | Seven of every 10 of the world's largest companies intend to boost spending on programs meant to mitigate the effects of climate change...read more >> |
| Local, State Governments Want Nonprofits To Fill Budget Gaps | |
| May. 25: | Many state and local governments are proposing fees on nonprofits in a bid to close budget gaps. The proposed fees come as states and m...read more >> |
| Legislation Piles More Tax Paperwork On Businesses | |
| May. 24: | Health care reform legislation continued a quiet push by the Internal Revenue Service to collect more taxes. The bill included a provis...read more >> |
| Reform Bill Brings "Enormous Costs And Uncertainty" | |
| May. 24: | Regulatory-reform legislation that passed the Senate last week helps big business and politicians at the expense of the overall economy...read more >> |
| FDIC Inherits Hundreds Of Potentially Worthless CDOs | |
| May. 18: | The Federal Deposit Insurance Corp. owns hundreds of collateralized debt obligations, having inherited them from banks that failed. The...read more >> |
| Commentary: Congress Is Going About Regulatory Reform Backward | |
| May. 17: | Harvey Pitt, CEO of Kalorama Partners and former chairman of the Securities and Exchange Commission, argues that far-reaching changes t...read more >> |
| Commentary: Lawmakers Need Primer On How Wall Street Works | |
| May. 17: | Greg MacSweeney writes that it is up to the financial-services industry to educate lawmakers and the public about the true nature of ma...read more >> |
| Senate Addresses Role of Credit Rating Agencies | |
| May. 14: | The Senate approved amendments to legislation to overhaul financial regulation that deal with credit rating agencies and fees related t...read more >> |
| Government Posts 10th Consecutive Monthly Deficit | |
| May. 13: | The federal government posted an $82.7 billion deficit in April, according to Treasury data released Wednesday. It was just the third t...read more >> |
| 4 Fatal Mistakes Entrepreneurs Make When Taking on a Partner - And What You Should Do Instead | |
| May. 13: | At first glance, taking on a partner seems like a great idea. You’ll be combining forces with a colleague who probably has complemen...read more >> |
| SEC's Schapiro Says Cause Of Market Plunge Is Still Unknown | |
| May. 12: | Mary Schapiro, chairman of the Securities and Exchange Commission, said major Wall Street firms contributed to the stock market plunge ...read more >> |
| Fannie Requests An Additional $8.4 Billion From Government | |
| May. 11: | Fannie Mae reported a first-quarter loss of $11.5 billion and then asked for $8.4 billion in government aid. The rescue of Fannie Mae a...read more >> |
| EU Launches $1 Trillion Assistance Plan | |
| May. 10: | European policymakers agreed to offer nearly $1 trillion in financial assistance to nations feeling pressure from speculators to cu...read more >> |
| Study: Companies Benefit When CFO Is On The Board | |
| May. 7: | A study by Bentley University professors shows corporate boards benefit when the company CFO is a director. Few CFOs now serve as direc...read more >> |
| Crisis Caused Household Wealth to Plunge, Treasury Says | |
| May. 4: | Alan Krueger, chief economist at the Treasury Department, said the financial crisis caused household net wealth to drop about $17 trill...read more >> |
| Survey Shows Need For Broader View Of Risk Management | |
| Apr. 30: | The World Economic Forum's Global Risk Network's latest annual survey draws attention to the need for risk-management executives to thi...read more >> |
| Top Tax Rate On Dividends May Surge | |
| Apr. 29: | The Senate Budget Committee recently passed a budget resolution that would nearly triple the top tax rate on dividends from 15% to 39.6...read more >> |
| Analysis: Fed Slowly Moves Away From Loose Monetary Policy | |
| Apr. 28: | Federal Reserve officials are expected today to upgrade their economic assessment, but they are not expected to raise interest rates as...read more >> |
| Watchers Expect Fed To Maintain Low Interest Rates | |
| Apr. 27: | Officials at the Federal Reserve are expected to maintain low interest rates despite an improvement in the economic outlook, Fed watche...read more >> |
| 7 Questions To Test Your Fraud Radar | |
| Apr. 26: | How adept are you at spotting the warning signs of fraud, and do you know how to respond when you spot a red flag? Score yourself with ...read more >> |
| Report: Costs Will Increase Under Health Care Reform | |
| Apr. 23: | A report by economic experts at the Health and Human Services Department said that while health care reform legislation will help Presi...read more >> |
| IMF Sees Faster Recovery | |
| Apr. 22: | The International Monetary Fund said in its latest World Economic Outlook that recovery is proceeding a little more quickly than it had...read more >> |
| 9 Common Payroll Mistakes And How To Avoid Them | |
| Apr. 21: | Payroll risks abound -- including incorrect income tax withholding, missed deadlines, improper wage garnishments and misclassified work...read more >> |
| Report: Main Street Recovery Is Slow Despite TARP Gains | |
| Apr. 20: | Special Inspector General for the Troubled Asset Relief Program Neil Barofsky released a report highlighting challenges that remain for...read more >> |
| SEC Charges Goldman, Investigates Mortgage Deals By Other Wall Street Banks | |
| Apr. 19: | The Securities and Exchange Commission is following the civil fraud charge it filed Friday against Goldman Sachs by looking into other ...read more >> |
| Report: IRS Is Struggling With New Tax Laws | |
| Apr. 16: | The Internal Revenue Service is struggling to comply with new tax laws, according to a report by the Treasury Inspector General of Tax ...read more >> |
| Business Schools Re-Evaluate Ethics Training | |
| Apr. 15: | The financial crisis has prompted many business schools to put an emphasis on ethics. Because many observers believe a lapse in ethics ...read more >> |
| Sarbanes - Oxley Policies Are Widely Implemented As Best Practices | |
| Apr. 14: | Even as small filers and their representatives fight formal application of Sarbanes-Oxley 404 principles and procedures as legal requir...read more >> |
| Reducing Deficit Requires "Earthshaking" Action | |
| Apr. 13: | Reducing deficit requires "earthshaking" action: President Barack Obama's bipartisan fiscal commission is expected to recommend policie...read more >> |
| Regulators Blame Fannie's Woes On Conflicting Mandates | |
| Apr. 12: | Former regulators who oversaw Fannie Mae told the Financial Crisis Inquiry Commission that the government-backed mortgage company's tro...read more >> |
| GOP Member of Obama's Debt Commission Answers Critics | |
| Apr. 9: | Alan Simpson, a Republican former senator who now sits on President Barack Obama's commission that is looking at ways to bring down the...read more >> |
| Commentary: Commission Needs To Make Deficit A Priority | |
| Apr. 8: | Washington needs to muster the political will to fix the deficit, Robert Bixby writes. President Barack Obama's fiscal commission is lo...read more >> |
| Analysis: Different Taxes Have Different Impact On Growth | |
| Apr. 7: | Austerity, including increased taxation, isn't always an obstacle to economic growth, according to The Economist. "The taxes that do le...read more >> |
| Unemployment Rate Could Increase As U.S. Workers Return To Job Hunt | |
| Apr. 5: | Despite the creation of jobs as the economy recovers, Americans should not count on any major improvement to unemployment statistics, t...read more >> |
| IRS Answers Questions About Small-Business Health Care Credit | |
| Apr. 2: | The IRS has posted 22 FAQs about the small-business health care credit, which was enacted as part of last week's health care reform pac...read more >> |
| Rebalancing of the U.S. Economy Begins | |
| Apr. 1: | A long-overdue shift for the U.S. economy from borrowing, importing and spending to paying down debt, saving and exporting has begun, a...read more >> |
| U.S. May Be Facing A Debt Crisis | |
| Mar. 31: | The debt debate intensified this month with the release of Moody's report that said that "while the United States' debt was still tripl...read more >> |
| Health Care Bill Includes Restructuring of Student-Loan Program | |
| Mar. 30: | President Barack Obama is expected to sign the health care Reconciliation Act of 2010 today, which includes a provision that could chan...read more >> |
| CFOs Grapple With Effects of Health Care Legislation | |
| Mar. 29: | The uncertainty surrounding the new health care act has many finance executives struggling to determine the effect on their business. "...read more >> |
| White House is Expected to Unveil Plan to Tackle Housing Woes | |
| Mar. 26: | The Obama administration is expected to announce today a plan to help struggling homeowners, particularly those who lost t...read more >> |
| CBO: Social Security Contributions Will Fall Short of Payments This Year | |
| Mar. 25: | The Congressional Budget Office said Social Security payments will outstrip money paid into the program this year. Until recently, cont...read more >> |
| Employers Receive a Potential Payroll Tax Benefit For 2010 | |
| Mar. 24: | A new law put into effect on March 18, 2010 that could potentially benefit you. The law exempts any private-sector employer that hires ...read more >> |
| Geithner Says Government Could Play a Smaller Role in Housing | |
| Mar. 24: | Timothy Geithner, secretary of the Treasury Department, told the House Financial Services Committee that the White House wants to maint...read more >> |
| Congress Passes Landmark Health Care Reform Bill | |
| Mar. 24: | On March 21, 2010, the U.S. House of Representatives passed major health care reform legislation, the Patient Protection and Affordable...read more >> |
| Health Care Reform Act Contains Numerous Tax Provisions | |
| Mar. 23: | The Patient Protection and Affordable Care Act, passed by Congress Sunday, contains a number of tax provisions, including refundable ta...read more >> |
| What Are The Chances Of Being Audited? | |
| Mar. 22: | What are the chances of being audited? Of the 138,788,744 total individual income tax returns with a filing requirement (this excludes ...read more >> |
| House Approves Biggest Change In U.S. Health Care In 40 Years | |
| Mar. 22: | The House of Representatives approved President Barack Obama's proposed overhaul of the U.S. health care system in a 219-212 vote. The ...read more >> |
| AICPA Releases Business and Industry Guide to Understanding Internal Control For Smaller Entities | |
| Mar. 19: | A new AICPA white paper describes the concept of internal control and the internal control services that smaller entities may hire a CP...read more >> |
| Smaller Banks Make Up Most of TARP Repayment Delinquencies | |
| Mar. 18: | Smaller banks are lagging behind their bigger rivals in repaying rescue funds they received from the Treasury Department. The number of...read more >> |
| IRS Warns Taxpayers of "Dirty Dozen" Tax Scams | |
| Mar. 17: | The Internal Revenue Service has issued its 2010 list of tax scams that taxpayers may fall victim to or try to perpetrate. Heading the ...read more >> |
| Market Braces For $700B in High-Yield Bonds Maturing Over 3 Years | |
| Mar. 16: | Analysts are worried that corporate borrowers that have issued more than $700 billion in high-yield bonds will hit a "maturity wall" be...read more >> |
| The Rebound: Numbers Tell The Story Of Recovery | |
| Mar. 16: | On March 9, 2009, it felt like the world was ending. The Dow Jones industrial average had tumbled to a 12-year low of 6,547, and loo...read more >> |
| Economists Warn About Second Wave of Crisis | |
| Mar. 15: | At a recent industry conference, Pippa Malmgren, an economist who specializes in political effects on the financial market, described h...read more >> |
| IRS Criminal Investigations Rose 10% in 2009 | |
| Mar. 12: | The United States boosted its investigation of tax and other financial crimes by about 10 percent last year, tax authorities reported o...read more >> |
| Senate Panel Reaches Agreement on Creating Agency to Track Risk | |
| Mar. 11: | Members of the Senate banking committee reached an agreement to include the creation of the Office of Research and Analysis in regulato...read more >> |
| 49% Want Earlier Implementation of IFRS in U.S. | |
| Mar. 10: | A survey of 2,500 executives by accounting firm KPMG found that 49% of U.S. executives want to move to International Financial Reportin...read more >> |
| Markets Remain Uncertain 1 Year After Hitting Recession Low Point | |
| Mar. 8: | A year after stock markets hit their lowest levels of the recession, investors still remain divided on what the future holds. "We're se...read more >> |
| Economists Predict How the Recovery Will Shape Up | |
| Mar. 5: | Eight accomplished economists offer their predictions on what shape the economic recovery will take, with scenarios including Mark Frat...read more >> |
| Beige Book Shows Modest Growth in Most Fed Regions | |
| Mar. 4: | A slight improvement in economic conditions was hampered by blizzards that hit the East Coast last month, according to the Federal ...read more >> |
| Companies More Likely To Make Acquisitions This Year | |
| Mar. 3: | Cost cutting at big companies in 2009 may spawn a merger boom in 2010. Companies were reluctant to make acquisitions last year, focusin...read more >> |
| 10 Internal Control Basics | |
| Mar. 2: | One of the best ways to prevent the fraudulent misstatement of financials is through strong internal control. This 10-question quiz wil...read more >> |
| Survey: CFOs Increasingly Adopting Cloud Computing Platforms | |
| Mar. 2: | A majority of CFOs at U.S. technology companies are using cloud computing platforms in some capacity, according to a survey by BDO Seid...read more >> |
| Resolve the Deficit to Fix the Job Market, Bernanke Tells Congress | |
| Feb. 26: | Federal Reserve Chairman Ben Bernanke told Congress that it would be wise not to forget about the budget deficit when spending money to...read more >> |
| Bernanke Tells Lawmakers That Interest Rates Will Remain Low | |
| Feb. 25: | Federal Reserve Chairman Ben Bernanke told the House Financial Services Committee that despite the "nascent" economic recovery, int...read more >> |
| Bank Lending Sees Biggest Annual Decrease Since 1940s | |
| Feb. 24: | Bank lending fell 7.5% last year, the Federal Deposit Insurance Corp. said. The $587 billion drop marked the biggest yearly decline sin...read more >> |
| In Defense of America's Small Businesses | |
| Feb. 23: | Small businesses are an iconic part of the American dream, but they're increasingly being sidelined by giant corporations, writes Barry...read more >> |
| Market Structures Undergo Fundamental Shift | |
| Feb. 22: | The average size of trading orders' value on more than a dozen of the top exchanges worldwide has dropped by half during the past five ...read more >> |
| QuickBooks Payroll Items for Health Savings Accounts are Here! | |
| Feb. 20: | Health Savings Accounts (HSA's) have become increasingly popular over the past few years. They are a great tool for employers and emplo...read more >> |
| Fed's Surprise Increase in Lending Rate Ripples Through Markets | |
| Feb. 19: | Ben Bernanke, chairman of the Federal Reserve, indicated last week that the central bank might increase its emergency lending rate to b...read more >> |
| New Credit-Card Rules Offer Consumers New Pitfalls | |
| Feb. 18: | New credit-card rules that go into effect Monday are aimed at improving disclosure for consumers, but there are some potential pitfalls...read more >> |
| Analysis: Partisan Standoff Boosts Fear of U.S. Debt Crisis | |
| Feb. 17: | The U.S. is slipping toward a debt crisis, said foreign creditors of the country and domestic economists, and partisan gridlock on Capi...read more >> |
| Paulson: Financial Regulatory Reform Is Needed Immediately | |
| Feb. 16: | Henry Paulson, former secretary of the Treasury Department, writes that it is time to overhaul the financial regulatory system and that...read more >> |
| U.S. Is Still Top Destination For Foreign Direct Investment | |
| Feb. 15: | Total foreign direct investment worldwide declined to about $1 trillion last year, down 39% from 2008, when it totaled about $1.7 trill...read more >> |
| White House Predicts Slow Employment Growth Through 2011 | |
| Feb. 12: | The Obama administration delivered its first official economic report to Congress, forecasting slow job growth into next year. The lack...read more >> |
| Politicians Underestimate Debt Damage | |
| Feb. 11: | "The only thing that reliably grows in our economy is the public debt," Jeffrey D. Sachs writes in a TIME magazine commentary. The gove...read more >> |
| Small Businesses Are The Latest Target For Cybercriminals | |
| Feb. 10: | Small-business bank accounts increasingly are being targeted by cybercriminals. The criminals use sophisticated programs to gain access...read more >> |
| Fed Aims to Inspire Confidence With Clear Exit Strategy | |
| Feb. 9: | Source: CNBC The Federal Reserve is walking a fine line as it plans to withdraw from stimulus efforts. Ben Bernanke, chairman o...read more >> |
| Crash Is Coming For Municpal Bond Market, Money Manager Says | |
| Feb. 8: | The $2.8 trillion municipal bond market is likely to crash in the same way as the markets for housing and technology, said Michael Aron...read more >> |
| SBA-Backed Loans Increase Becuase of Stimulus Measures | |
| Feb. 5: | As a result of stimulus measures, Small Business Administration-backed loans could account for between 10% and 15% of all small-busines...read more >> |
| U.S. Credit Rating Could Come Under Pressure, Moody's Warns | |
| Feb. 4: | Moody's Investors Service said the country faces a debt-growth trajectory that is "clearly continuously upward" as the credit rating ag...read more >> |
| Companies Increasingly Rely On Data Analytics to Boost Results | |
| Feb. 3: | A new generation of executives is showing that they're more comfortable with data collection and analytics to improve business results....read more >> |
| U.S. Consumer Spending Edges UP 0.1% in December | |
| Feb. 2: | Adjusted for inflation, consumer spending in the U.S. increased a seasonally adjusted 0.1% in December, the Commerce Department said. F...read more >> |
| Obama is Set to Deliver $3.8 Trillion Budget to Congress | |
| Feb. 1: | The deficit would hit $1.6 trillion this year before beginning to decline in 2011 under a budget President Barack Obama is expected to ...read more >> |
| U.S. Economy Grew 4.6% in Q4, Wall Street Analysts Predict | |
| Jan. 29: | The U.S. economy appears to be picking up steam faster than many experts had expected. A broad range of Wall Street analysts forecast t...read more >> |
| Obama Focuses on Jobs, Economy in First State of the Union Address | |
| Jan. 28: | President Barack Obama put jobs and the economy at the heart of his State of the Union address, a speech that dealt mostly with domesti...read more >> |
| Big Banks Cut Small-Business Lending By $1 Billion | |
| Jan. 19: | The nation's 22 biggest banks cut small-business lending by another $1 billion in November, according to a U.S. Treasury Department rep...read more >> |
| Fed Likely Will Maintain Policy As Economic Recovery Continues | |
| Jan. 18: | Federal Reserve officials will meet Jan. 26 and 27 to discuss the economic recovery and their policy. Although the economy is expected ...read more >> |
| CBO Expects 8%-Plus Unemployment in U.S. Until 2012 | |
| Jan. 15: | Without further action by Congress to stimulate hiring, the U.S. unemployment rate likely will not fall to less than 8% until 2012, the...read more >> |
| Fed's Beige Book Indicates Economic Improvement | |
| Jan. 14: | The economic recovery has broadened, according to the Federal Reserve. "While economic activity remains at a low level, conditions have...read more >> |
| Fed's Beige Book Indicates Economic Improvement | |
| Jan. 14: | The economic recovery has broadened, according to the Federal Reserve. "While economic activity remains at a low level, conditions have...read more >> |
| Survey: CFOs see risk in Strategic-Change management | |
| Jan. 13: | Strategic-change management topped a list of risk concerns in a survey of chief financial officers by The Corporate Executive Board. "F...read more >> |
| Businesses Will Take a Cautious Approach in Recession Recovery | |
| Jan. 11: | While 2010 will likely be a better year revenue and sales wise, economic experts and analysts expect companies, including those in the ...read more >> |
| Recovering 7.2 Million Jobs is Expected to be Long, Slow Process | |
| Jan. 8: | The economy may have stopped shedding jobs but the unemployment rate could remain considerably high for some time to come, some experts...read more >> |
| Chapter 11 Commercial Bankruptcies Were Up 50% in 2009 | |
| Jan. 7: | Chapter 11 business bankruptcies in the U.S. jumped 50% last year compared with 2008, according to Automated Access to Court Electronic...read more >> |
| Report: China Overtakes Germany as World's Largest Exporter | |
| Jan. 6: | China edged ahead of Germany to become the world's largest exporter in 2009, according to Global Trade Information Services. China has ...read more >> |
| Increased Bankruptcy Filings Show Shortcoming of 2005 Law | |
| Jan. 5: | Personal bankruptcy filings in the U.S. were up by almost a third last year. The year was also marked by an increase in Chapter 7 bankr...read more >> |
| Financial Crisis Has Led to Few Changes, Insiders Say | |
| Jan. 4: | The financial crisis prompted vows from regulators, investors, Wall Street executives, lawmakers and others that they will not allow th...read more >> |
| Treasury Wraps Up Record Year of Debt Sales | |
| Dec. 31: | In 2009, the Treasury sold more than $2.1 trillion in bonds and notes, a record and more than the amount in the previous two years comb...read more >> |
| Consumer Confidence Picks Up, but Home Prices Flatten Out | |
| Dec. 30: | Consumers are feeling a little better about the economy but home prices are flattening out after an unexpected rebound in the spring an...read more >> |
| Audit Committees Should Evaluate Their Performance | |
| Dec. 29: | Just as employees at businesses around the U.S. submit their self-evaluations in preparation for annual reviews, audit committees shoul...read more >> |
| A Tentative Sparkle Enlivens Holiday Shopping | |
| Dec. 28: | Overcoming severe winter weather in the Northeast, U.S. retail sales mounted a last-minute comeback during the holiday season, ending u...read more >> |
| Estate Tax is Problematic For Small-Business Owners | |
| Dec. 17: | Small-business owners say the estate tax presents problems when they pass their companies on to their heirs. The problem, this article ...read more >> |
| Study Reveals Personal Finance Weakness | |
| Dec. 16: | The FINRA Investor Education Foundation, with input from the AICPA, surveyed Americans on their personal finances -- including their ab...read more >> |
| Forecasts of Recovery Through 2011 Are Pessimistic | |
| Dec. 15: | The U.S. recovery may feature prolonged high unemployment amid slow growth, according to economists. The so-called European-style rebou...read more >> |
| House Passes Most Sweeping Financial Reforms Since Great Depression | |
| Dec. 14: | The U.S. House of Representatives on Dec. 11 adopted a sweeping financial regulatory reform bill, "The Wall Street Reform and Consumer ...read more >> |
| U.S. GDP is Set For 2.7% Growth Next Year, Blue Chip Finds | |
| Dec. 11: | Bolstered by "steady, if unspectacular growth" in consumer spending, the U.S. economy is headed toward a 2.7% GDP expansion in 2010, ac...read more >> |
| House Approves Extending Certain Tax Breaks For 1 Year | |
| Dec. 10: | Temporary tax breaks for businesses and individuals would be extended under a bill the House passed by a vote of 241 to 181 Wednesday. ...read more >> |
| New Stimulus Would Include Small-Business Hiring Incentives | |
| Dec. 9: | Congress and the Obama administration are working on additional stimulus measures that would raise government aid levels to $1 trillion...read more >> |
| Next Crisis to be in Commercial Real Estate, Experts Say | |
| Dec. 8: | A crisis looms for the commercial real estate market in 2010, then for the government-debt market, particularly in the U.S., investment...read more >> |
| House OKs Permanent Extension of Estate Tax | |
| Dec. 4: | The House voted Thursday to permanently extend the estate tax, which is set to expire for one year at the end of 2009. The current tax ...read more >> |
| S&P Predicts 2% U.S. Growth in 2010 | |
| Dec. 2: | Standard & Poor's is predicting for 2010 that real growth in gross domestic product will exceed 2%. If accurate, the U.S. economy will ...read more >> |
| Spotting the Red Flags of a Circular Cash-Flow Fraud | |
| Dec. 1: | This article warns to be on the lookout for fraud schemes involving the inflation of accounts receivable and sales through the creation...read more >> |
| Economists: U.S. Growth Isn't Enough to Cut Unemployment | |
| Nov. 30: | If economists are correct, the U.S. will end this week with more bad news about unemployment. Analysts expect the Labor Department's re...read more >> |
| Stocks Fall on Economic Data | |
| Nov. 25: | The economy's Q3 growth rate was revised lower to 2.8% from 3.5%. The downward revision sent stocks lower, even as investors cheered up...read more >> |
| Existing Home Sales Jump as Prices Fall | |
| Nov. 24: | Sales of existing U.S. homes jumped 10 percent in October to the highest level since February 2007 as Americans rushed to take advantag...read more >> |
| Wave of Debt Payments Facing U.S. Government | |
| Nov. 23: | WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that s...read more >> |
| Accounting Fraud Has Spiked in Past 12 Months | |
| Nov. 20: | Accounting fraud has shown dramatic increases at global companies over the past 12 months, according to a survey of 3,000 senior execut...read more >> |
| Goldman, Buffett to Provide Help to Small Businesses | |
| Nov. 18: | Goldman Sachs has teamed up with Warren Buffett to create a $500 million program to help 10,000 small businesses. The initiative will o...read more >> |
| Bernanke Offers Wide-Ranging Economic Assessment, Outlook | |
| Nov. 17: | Federal Reserve Chairman Ben Bernanke says the nation's economic recovery will be slowed in the coming year by high unemployment an...read more >> |
| Fed's Hoenig Urges Policymakers to Allow Firms to Fail | |
| Nov. 16: | Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, said financial institutions, regardless of their size, should be a...read more >> |
| Small-Business Recession is Still Holding Back Recovery | |
| Nov. 13: | Goldman Sachs economist Jan Hatzius has argued that troubled small businesses aren't being taken into account in the official estimatio...read more >> |
| 9 Measures of Strategic Value | |
| Nov. 11: | Evaluating attributes and assets such as human capital, unique processes, business reputation and the competitive landscape can unlock ...read more >> |
| Survey: Economists See Stronger U.S. Growth in 2010 | |
| Nov. 10: | Economists polled by Blue Chip Economic Indicators forecast higher GDP growth next year in the U.S. The economists said growth should h...read more >> |
| Economists Say U.S. GDP is Miscalculated | |
| Nov. 9: | The calculation of U.S. GDP is not correct, a group of economists said. Imports priced at their point of origin at a certain amount are...read more >> |
| Fed Keeps Rates Steady, Maintains Market Support | |
| Nov. 5: | The Federal Reserve on Wednesday announced that interest rates will remain at near-zero levels "for an extended period." The key rate w...read more >> |
| Fed is Expected to Hold Rates Steady, Signal Economic Improvement | |
| Nov. 4: | Federal Reserve officials are expected to perform a balancing act as they comment on interest rates, stimulus measures and the broader ...read more >> |
| Analysis: Changes in Washington Worry Small Businesses | |
| Oct. 28: | Washington's efforts to reform health care and financial services have made small businesses uncertain about the future and slow to mak...read more >> |
| U.S. Debt Approached Legal Limit | |
| Oct. 26: | The U.S. debt will approach the legal maximum of $12.104 trillion with the planned sale this week of $123 billion in Treasury bonds. In...read more >> |
| Squire & Company, PC Named in 2009 Best Accounting Firms to Work for | |
| Oct. 22: | Squire & Company, PC was recently named as one of the Top 100 Best Accounting Firms to Work for across the nation in 2009. The annual ...read more >> |
| Analysis: Low Dollar is Not a Threat, But Could Bring Changes | |
| Oct. 21: | The dollar index has dropped to 75.24, its lowest point in more than a year. But the declining U.S. dollar does not constitute a th...read more >> |
| CFOs Are Concerned About Employee-Benefit Cost | |
| Oct. 20: | A majority of U.S. chief financial officers and senior comptrollers cite employee-benefit costs as one of their major concerns, a surve...read more >> |
| CPI, Unemployment, Manufacturing Data Point to Recovery | |
| Oct. 16: | Jobless claims, the Consumer Price Index and a manufacturing report suggest the country is easing into a steady, inflation-free recover...read more >> |
| Dow Surges Above 10,000 Mark, But Traders Remain Cautious | |
| Oct. 15: | The Dow Jones Industrial Average exceeded expectations by surpassing the 10,000 mark more quickly than expected. The Dow hit 10,000 for...read more >> |
| Public Frustration Targets Big Business and Government | |
| Oct. 14: | Public frustration is being equally applied to big business and Washington policymakers, marking a departure from the usual trend of th...read more >> |
| Credit is Still Tight for Small Businesses, Fed Survey Finds | |
| Oct. 13: | Bank lending is continuing to tighten for small and midsize businesses in the U.S., and most banks do not anticipate relief for commerc...read more >> |
| Decline in Dollar's Value Helps Reduce Trade Deficit | |
| Oct. 12: | The U.S. trade deficit narrowed to $30.7 billion in August, down from $31.9 billion, as exports increased and imports declined, the Com...read more >> |
| CBO Estimate Puts U.S. Deficit at Record $1.4 trillion | |
| Oct. 8: | In its final estimate before the official figure is announced, the Congressional Budget Office said the U.S. deficit for the year that ...read more >> |
| Lawmakers, Economists Like Idea of Tax Credit For Job Creation | |
| Oct. 7: | A proposal to give a tax credit to companies for hiring is getting support from U.S. lawmakers, as well as former Labor Secretary Rober...read more >> |
| U.S. Sees First Service-Sector Growth in More Than a Year | |
| Oct. 6: | Growth has returned to the U.S. service sector, according to a report by The Institute for Supply Management. The institute's services ...read more >> |
| Business Cases to Dominate Supreme Court Term | |
| Oct. 5: | Cases revolving around financial markets, corporations and compensation will dominate the Supreme Court's latest term, which begins tod...read more >> |
| G-20 Pledges Cooperation On Enhanced Regulatory Standards | |
| Sep. 28: | At the end of a two-day summit, leaders from the Group of 20 nations said they plan to cooperate on an overhaul of financial regulation...read more >> |
| G-20 Pledges Cooperation On Enhanced Regulatory Standards | |
| Sep. 28: | At the end of a two-day summit, leaders from the Group of 20 nations said they plan to cooperate on an overhaul of financial regulation...read more >> |
| G-20 Pledges Cooperation On Enhanced Regulatory Standards | |
| Sep. 28: | At the end of a two-day summit, leaders from the Group of 20 nations said they plan to cooperate on an overhaul of financial regulation...read more >> |
| Fed Prepares to End Mortgage Program | |
| Sep. 24: | The Federal Reserve's assessment of the economy continues to improve, prompting policymakers to reiterate that they will keep the bench...read more >> |
| Fed to Note Economic Improvement, May Hint on Exit | |
| Sep. 23: | The Federal Reserve will likely keep the overnight lending rate as is while cautioning that economic recovery faces substantial risks, ...read more >> |
| SBA, After Backlash, to Ease Limits on Loans for Buyouts | |
| Sep. 21: | The Small Business Administration is expected to modify restrictions it placed on loans it backs that are used to acquire small compani...read more >> |
| 1.4 Million Americans score $8,000 Tax Credit | |
| Sep. 18: | More than 1.4 million Americans have already claimed the new tax credit for first-time home buyers, according to a report from the Inte...read more >> |
| Panel to Begin Investigation of Financial Crisis | |
| Sep. 17: | The Financial Crisis Inquiry Commission will hold its first meeting today as it looks for the root cause of the financial crisis. The i...read more >> |
| Greenspan fears Congress will slow exit from stimulus | |
| Sep. 16: | Former Federal Reserve Chairman Alan Greenspan warned that Congress might slow the Fed's attempts to exit from supporting the economy w...read more >> |
| Polls Show Consumers don't believe in recovery | |
| Sep. 15: | A Washington Post-ABC News poll shows that consumers fear future financial hardship, even though the economy is recovering. Consumers a...read more >> |
| Decline of the Dollar is Set to Continue | |
| Sep. 14: | The dollar could continue its weeklong decline this week, especially if data on retail sales show improvement. The dollar hit a nine-mo...read more >> |
| Cash Flow Strategies for Small Businesses | |
| Sep. 11: | Kathleen Orlando, CPA, writes that there are a few simple steps that can help business owners stay on top of cash flow, starting with m...read more >> |
| Practical Steps to Improve Small Business Cash Flow | |
| Sep. 11: | Kathleen Orlando, CPA, writes that there are a few simple steps that can help business owners stay on top of cash flow, starting with...read more >> |
| Obama Addresses Critics' Worries in Health Care Speech | |
| Sep. 10: | After leaving the debate about health care reform largely in the hands of lawmakers during the summer, President Barack Obama presented...read more >> |
| Stocks Rise on Higher Commodites, Merger News | |
| Sep. 9: | Renewed merger-and-acquisition activity combined with strong demand for commodities to lift stock markets on Tuesday: The Dow Jones ind...read more >> |
| Loan Losses Spark Concern Over FHA | |
| Sep. 4: | The Federal Housing Administration has taken a hit as mortgage-related losses mount. The agency's reserves are in danger of dropping to...read more >> |
| Global Economy Gains Steam | |
| Sep. 2: | Evidence is piling up that a global economic recovery is coming faster than economists predicted only a few months ago. A survey of U.S...read more >> |
| Surveys Show U.S. Economy Picking Up | |
| Sep. 1: | Regional reports from across the country suggest business activity is gathering steam and the economy is moving steadily toward growth....read more >> |
| Inflation Will Accelerate Next Decade, Economists Say | |
| Aug. 31: | Because the government has pumped trillions of dollars in stimulus funds into the economy, the Federal Reserve will not be able to keep...read more >> |
| SBA Loan Guarantees Will Return to Pre-Stimulus Level Soon | |
| Aug. 27: | Small-business owners are running out of time to set up fee-free business loan guarantees through the Small Business Administration. Un...read more >> |
| Estimate for 10-Year Deficit Raised to Nine Trillion | |
| Aug. 26: | Driven largely by a recession that turned out to be more severe than most anticipated, the Obama administration's 10-year estimate of t...read more >> |
| Economists See Existing-Home Sales Reaching 10-Month High | |
| Aug. 25: | Sales of existing homes probably reached a 10-month high last month, according to a Reuters survey of 61 economists. If correct, it wou...read more >> |
| Global Economy Faces Threat of Double-Dip Recession | |
| Aug. 25: | Nouriel Roubini, professor of economics at New York University's Stern School of Business, explains that as the global economy bottoms ...read more >> |
| Economic Data Shows Recovery Will Be Bumpy | |
| Aug. 21: | Conflicting economic data suggests the recovery is anything but smooth. Most recently, stock market rallies and positive manufacturing ...read more >> |
| Corporate - Bond Issuance Worldwide Surpasses One Trillion | |
| Aug. 19: | For the first time in a single year, global issuance of corporate bonds has exceeded $1 trillion. The boom partially has been because o...read more >> |
| Small Business is Crucial to Recovery of Job Market | |
| Aug. 17: | Small businesses are providing a refuge for employees laid off by bigger firms. According to a CareerBuilder.com survey, 22% of workers...read more >> |
| Taxpayer's Face Triple Threat from AIG, Fannie, and Freddie | |
| Aug. 17: | The largest bets made by U.S. taxpayers are not on the automakers or banks, but on American International Group, Fannie Mae and Freddie...read more >> |
| Markets Rise Despite Retail-Sales Drop | |
| Aug. 14: | Investor optimism in the Federal Reserve's economic outlook outweighed a slight decline in retail sales and an increase in unemployment...read more >> |
| Small Business Owners Confidence for Recovery Drops | |
| Aug. 12: | Small businesses have become more pessimistic about the chance for economic recovery in the next six months, according to a survey ...read more >> |
| Survey of Economists: U.S. Recession To End in Third Quarter | |
| Aug. 11: | A widely followed survey of private-sector economists reveals a broad consensus that the country's recession will end in the third quar...read more >> |
| IRS Extends FBAR Filing Deadline By a Year | |
| Aug. 10: | Persons with only signature authority over foreign accounts and those with signature authority or a financial interest in commingled fo...read more >> |
| US Food Stamp List Tops 34 Million for First Time | |
| Aug. 7: | The number of Americans receiving food stamps surged by 2 percent in May, pushing the total up to a record 34.4 million people, or one ...read more >> |
| New Jobless Claims Drop More Than Expected | |
| Aug. 7: | First-time claims for unemployment benefits fell to a seasonally adjusted 550,000 last week, the Labor Department reported. Analysts su...read more >> |
| Obama Aides See Signs of Recovery but Say It Will Be Slow | |
| Aug. 3: | Top economic advisers in the Obama administration predicted that the economic recovery will soon start. The aides said, however, that t...read more >> |
| Geithner Seeks to Ease China's Concerns on Its Holdings | |
| Jul. 28: | During the opening of the U.S.-China Strategic and Economic Dialogue, Treasury Secretary Timothy Geithner said the U.S. will make sure ...read more >> |
| Flexibility Is Signaled on Financial Oversight | |
| Jul. 27: | The Obama administration is willing to revise its proposed overhaul of the financial regulatory framework to get the most important pro...read more >> |
| Health Reform Deadline In Doubt | |
| Jul. 24: | The top Democrat in the Senate says health reform legislation will not be approved before the August recess. A White House fast-track a...read more >> |
| Bernanke: End of Recession Won't Decrease Unemployment | |
| Jul. 23: | Joblessness will continue to increase for a while, even after the recession ends sometime this year, Federal Reserve Chairman Ben Berna...read more >> |
| Fed Sets Stage for Economic Recovery; Bernanke Testifies | |
| Jul. 22: | Federal Reserve Chairman Ben Bernanke testified before Congress with a cautious declaration that economic growth is returning thanks in...read more >> |
| Microsoft Dynamics discounted up to 50% for limited time. | |
| Jul. 22: | Get Microsoft Dynamics up to 50 percent off plus an implenetation rebate when switching from MAS 90 or MAS 200 for a limited time. See...read more >> |
| Small Businesses Feel Snubbed by Stimulus and Rescue Efforts | |
| Jul. 21: | Large companies are getting most of the aid from the Obama administration's efforts to stabilize the economy, small-business owners sai...read more >> |
| Belt-Tightening Consumers Slash Discretionary Spending | |
| Jul. 20: | Companies that make and sell consumer discretionary items such as toys and motorcycles are taking a particularly harsh beating as unemp...read more >> |
| CIT Failure Could Be Main Street's Version of Lehman Collapse | |
| Jul. 17: | A collapse by CIT Group could restart the financial crisis, some economists and market observers said. "A CIT failure will mean to Main...read more >> |
| Congressional Panel is Poised to Investigate Financial Crisis | |
| Jul. 16: | A 10-member congressional panel was appointed to look into the financial crisis. The committee, which includes widely known consumer an...read more >> |
| Taxes on Wealthiest Americans Could Pay for Heath Care Expansion | |
| Jul. 15: | Increased taxes for households with an annual income of more than $350,000 could pay for an overhaul of the U.S. health care system, ac...read more >> |
| Deficit Reaches Record -- One Trillion and Counting | |
| Jul. 14: | With three months left to go in the budget year, the government's deficit has hit an all-time high of one trillion. The Congressional ...read more >> |
| Subprine-Related Issues Hit Housing Market Again | |
| Jul. 9: | Subprime-mortgage bondholders are flooding the housing market with homes that are being sold at significantly reduced prices, resulting...read more >> |
| G-8 Leaders to Discuss Whether World Economy is Recovering | |
| Jul. 8: | During a gathering this week in Italy, the heads of the Group of Eight, the world's eight richest nations, are expected to take a hard ...read more >> |
| Oil-Price Volatility Could Jeopardize Economic Recovery | |
| Jul. 6: | Energy analysts are mystified by the wild swings in the price of oil during the past 18 months, a time when demand was muted by the eco...read more >> |
| Small Business Tax Bill Aims at Creating Jobs | |
| Jul. 6: | A bill introduced by Sen. Charles Grassley, R-Iowa, is aimed at reducing taxes for small businesses. Grassley said the wide-reaching bi...read more >> |
| Looking Back, Rescue Plan has Constantly Evolved | |
| Jul. 2: | Steven M. Davidoff provides an overview of the various aspects of the government's rescue of the financial system, such as the Troubled...read more >> |
| US Makets' Q2 Gains: Dow Up 11%, S&P 500 Up 15.2% | |
| Jul. 1: | For the first time in more than 18 months, Wall Street stock indexes recorded quarterly gains, with financial stocks leading the charge...read more >> |
| Small and Midsized CPA Firms See Economy Recovering by Year-End | |
| Jun. 29: | Of 1,012 small and midsized CPA firms polled by AICPA, 47% said they expect the U.S. economy to begin its recovery in the fourth quarte...read more >> |
| Housing Industry Remains Stalled Despite Efforts | |
| Jun. 29: | President Barack Obama had vowed to bolster home sales, but the turnaround has been impeded by factors including banks' reluctance to l...read more >> |
| Obama's Plan Would Take Banking Industry Back in Time | |
| Jun. 26: | The Obama administration's guidelines for credit cards, mortgages, car loans and other financial products are part of an effort to forc...read more >> |
| U.S. & Europe May Take XBRL beyond Corporate Financial Statements | |
| Jun. 24: | Financial regulators in the U.S. and Europe are looking into ways to take advantage of Extensible Business Reporting Language in applic...read more >> |
| Fed Strives for Balance Between Action and Spurring Inflation | |
| Jun. 23: | The Federal Reserve, which meets this week, is expected to send a message that it is poised to take action to spur the economy while re...read more >> |
| Emerging Nations Can't Fuel World's Recovery | |
| Jun. 22: | Any hopes of emerging economies serving as growth engines to pull the global economy out of its slump were put to rest by a report from...read more >> |
| Conference Board Index Signals Recession is Slowing | |
| Jun. 19: | The Conference Board's index of leading economic indicators posted its biggest gain in five years last month. The index, which rose 1.2...read more >> |
| Health Care Increases will Continue to Outpace Inflation | |
| Jun. 19: | A report from PricewaterhouseCoopers' Health Research Institute found that companies can expect health care costs to increase by 9% in ...read more >> |
| Obama's regulatory Overhaul Proposal Targets Every Corner of Markets | |
| Jun. 17: | Federal oversight would extend to every part of the financial system, ranging from sales of consumer loans to trades of complex derivat...read more >> |
| IMF Revises U.S. Forecast | |
| Jun. 16: | The International Monetary Fund is painting a much more optimistic picture of the U.S. economy than before. The agency now predicts a 2...read more >> |
| IMF, World Bank Offer Dueling Economic Forecasts | |
| Jun. 12: | The International Monetary Fund boosted its forecast for a global economic recovery next year, predicting 2.4% growth. Meanwhile, the W...read more >> |
| BI Market Grows 22% In Tough Economy | |
| Jun. 12: | Worldwide sales of business intelligence software grew a hearty 22% in 2008, according to Gartner, proving that many companies see BI a...read more >> |
| Obama Administration Shifts Gears on Regulatory Reform | |
| Jun. 10: | Sensing that the idea of consolidating power among fewer regulators would face overwhelming opposition, the Obama administration is rei...read more >> |
| Retiring Rich is Possible but will Take Longer | |
| Jun. 10: | The slide in stock markets means many people are facing the reality that they will have to work longer before they can retire, but Jon ...read more >> |
| Growing Deficit is "Unsustainable, Ruinous" | |
| Jun. 9: | The national deficit is rising to "unsustainable, ruinous heights," Shawn Tully writes in a Fortune commentary. Tully notes that libera...read more >> |
| Obama: Stimulus will create 600,000 jobs this summer | |
| Jun. 8: | The $787 billion economic-stimulus package will create 600,000 jobs this summer, President Barack Obama promised today. The jobs will c...read more >> |
| Krugman Pedicts Recession will End by September | |
| Jun. 8: | The country's lingering recession is likely to end by September, possibly sooner, said Nobel Prize-winning economist Paul Krugman. "I w...read more >> |
| Bernanke: Additional Research is Needed to Avoid Future Crises | |
| Jun. 5: | Economists need a better understanding of how events on Wall Street affect the global economy, as evidenced by the financial crisis, Fe...read more >> |
| Bernanke: Prolonged Deficit will Choke Economic Growth | |
| Jun. 4: | A large budget deficit will result in a sustained economic crisis, Federal Reserve Chairman Ben Bernanke said in congressional testimon...read more >> |
| Multi-nation poll: Most people see lack of direction in stimulus spending | |
| Jun. 3: | A poll of opinions from countries that together account for 75% of the world's economy found that two-thirds of those participating exp...read more >> |
| Recovery Seen as Far Off, but Confidence Emerges Anyway | |
| Jun. 2: | The economy's recovery seems to remain distant, but consumers, economists and government officials are all showing signs of increased c...read more >> |
| GM Files for Bankruptcy | |
| Jun. 1: | General Motors has officially filed for bankruptcy. White House officials announced most of the specifics of the filing over the weeken...read more >> |
| Dave Ramsey's Financial Peace University | |
| May. 26: | The Financial Peace University is co-sponsored by Zion's Bank. Seminar classes begin on May 26, and run for 13 weeks on Tuesday evening...read more >> |
| Congress to launch overhaul of financial regulation | |
| May. 18: | In early June, the House Financial Services Committee will hold hearings on possible reforms of the regulatory framework for the financ...read more >> |
| White House doesn't stray far from playbook | |
| May. 18: | Obama administration officials are methodically executing an economic-recovery plan that was laid out months ago, according to a Busine...read more >> |
| Economists Roubini, Rogoff say economic recovery is months away | |
| May. 18: | Nouriel Roubini, co-founder and chairman at RGE Monitor, and Kenneth Rogoff, professor at Harvard University's Department of Economics,...read more >> |
| Treasury says 10 banks need $75 billion of new capital | |
| May. 8: | Ten of the biggest banks in the U.S. need to bring in $75 billion of new capital to assure the stability of the financial system, the T...read more >> |
| Job losses in U.S. private sector decline in April | |
| May. 7: | Private-sector employers in the U.S. cut 491,000 jobs last month, substantially less than the March adjusted figure of 708,000 jobs los...read more >> |
| How Obama plans to reform international tax rules | |
| May. 7: | President Barack Obama plans to raise $210 billion in revenue over 10 years with an international tax-reform plan. The plan would chang...read more >> |
| Some question whether Obama's tax plan will boost employment | |
| May. 6: | President Barack Obama's notion that his proposal to change the taxation of the U.S.-based multinational corporations will create new j...read more >> |
| Pond: 91% of America is working | |
| May. 6: | The economic climate is not as "hopeless" as it is being portrayed by members of the media with no background in economics, author and ...read more >> |
| Economists wonder whether economy still needs Fed's help | |
| May. 4: | As economic indicators signal that the steep dive is over and expansion is becoming a possibility, many are asking whether the economy ...read more >> |
| Mounting U.S. debt raises concerns on Wall Street | |
| May. 3: | As the Obama administration racks up an unprecedented spending bill for bank bailouts, Detroit rescues, health care overhauls and stimu...read more >> |
| Obama takes Chrysler into bankruptcy for "new lease on life" | |
| Apr. 30: | Aiming to give Chrysler a "new lease on life," President Barack Obama put the troubled automaker into what he hopes will be a quick res...read more >> |
| U.S. consumer spending dips after 2 months of increases | |
| Apr. 30: | Consumer spending, which accounts for some 70 percent of economic activity, tumbled as the financial crisis erupted late last year. The...read more >> |
| Feds urge some major banks to boost capital | |
| Apr. 27: | Officials are pressuring some of the 19 stress-tested U.S. banks to increase their capital reserves, sources say. The pressure comes as...read more >> |
| Company treasurers feeling the pressure | |
| Apr. 27: | The scarcity of debt, unpredictable counterparty risk and the uncertainty of dealing with banks whose own survival is in doubt are turn...read more >> |
| 10 things you should know about fraud | |
| Apr. 27: | Occupational fraud is a perpetual concern, but the financial squeeze many businesses are feeling right now makes fraud an even greater ...read more >> |
| Obama puts pressure on credit card issuers | |
| Apr. 24: | President Barack Obama met with executives from the credit card industry to discuss an overhaul of regulations. After the meeting, Obam...read more >> |
| SEC may investigate BofA's Lewis | |
| Apr. 24: | The Securities and Exchange Commission may investigate Bank of America CEO Kenneth Lewis. Such a probe would look at whether Lewis fail...read more >> |
| U.S. push to expand consumer lending | |
| Apr. 23: | The government's initiative to significantly expand lending to consumers, the Term Asset-Backed Securities Loan Facility, is now 60 day...read more >> |
| A quarter of firms unlikely to last the year | |
| Apr. 23: | Almost a quarter of the annual reports to be filed with the Securities and Exchange Commission for 2008 will include auditors' negative...read more >> |
| Sources: Treasury considers more mortgage liens | |
| Apr. 22: | Providing cash payments to holders of second-mortgage liens is among the options being considered by the U.S. Treasury to encourage len...read more >> |
| Geithner says capital not a problem | |
| Apr. 22: | Testifying before the Congressional Oversight Panel, Treasury Secretary Timothy Geithner said most banks in the U.S. have adequate capi...read more >> |
| Be wary of reduced taxes now under credit | |
| Apr. 22: | A tax credit showing up in paychecks for some workers may have to be repaid when people file taxes next year, Kathleen Pender warns in ...read more >> |
| Obama for Change | |
| Apr. 10: | Obama urges millions of Americans to refinance homes President Barack Obama estimated that as many as 9 million people could refinance...read more >> |
| Economists see US recession ending in second half of year | |
| Apr. 10: | Increased consumer spending and a recovery in the housing market will lift the U.S. out of recession in the second half of this year, a...read more >> |
| Asian markets extend rally on energy and auto stocks | |
| Apr. 10: | Tokyo's Nikkei 225 rose above the 9,000-point mark today for the first time in three months, but then dipped on weakness in financial s...read more >> |
| TARP produces mixed results | |
| Apr. 8: | The $700 billion Troubled Asset Relief Program has produced some positive results, but taxpayers still face substantial risks, the Cong...read more >> |
| Planners turn to aggressive strategy | |
| Apr. 8: | Intentionally defective grantor trusts are gaining favor with estate planners as asset values have declined, according to this article....read more >> |
| Tax issues of distressed S corps | |
| Apr. 8: | As the recession continues to hit small businesses, tax practitioners should be aware of the issues affecting financially distressed S ...read more >> |
| Concerns drag down Asian markets | |
| Apr. 8: | Alcoa started the earnings season in the U.S. with weaker-than-expected results, and Sharp in Japan predicted steeper losses, sending s...read more >> |
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