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Sales of existing homes in U.S. surge to 18-month high

April 24th, 2015  // News

U.S. sales of previously owned homes rose more than 6% to an annualized rate of 5.19 million in March, according to the National Association of Realtors. It was the highest level of sales since September 2013 and marked the sharpest acceleration in sales in four years. Homes were on the market an average 52 days before being sold, the shortest period since July. Read more

Companies struggle to balance wages, prices

April 22nd, 2015  // News

U.S. companies are considering wage increases as the labor market improves and major employers such as Wal-Mart Stores and McDonald's are raising pay. But the higher expense could mean a hit to profits or a hike in prices. Read more

Which accounting method changes must be made under the repair regs?

April 20th, 2015  // News

The tangible property regulations (i.e., the repair regs) require all but the smallest businesses to file Form 3115, Application for Change in Accounting Method, this filing season. Pamela Schuneman, CPA, explains these rules in depth, including how to take advantage of method changes that produce tax benefits. Read more

Increase in U.S. housing starts falls short of forecast

April 17th, 2015  // News

Housing starts increased 2% last month to a seasonally adjusted annual rate of 926,000 units, according to the U.S. Commerce Department. Economists polled by Reuters had expected 1.04 million. Building permits decreased the most since May, suggesting residential construction is headed into a slump. Read more

Americans’ financial picture improving

April 16th, 2015  // News

Americans' financial well-being improved this quarter, as indicated by a 6.5-point rise in the AICPA's Personal Financial Satisfaction Index (PFSi). A decrease in inflation sparked by lower oil prices is largely responsible for the improved PFSi score, though loan delinquencies, underemployment and personal taxes decreased as well. Read more

Fiduciary proposal for brokers issued by Labor

April 15th, 2015  // News

U.S. Labor Secretary Tom Perez has announced a proposal that would subject brokers offering retirement advice to a fiduciary standard. Read more

Fitch cites capital markets in holding U.S. AAA rating

April 14th, 2015  // News

Fitch Ratings has kept its AAA rating for the U.S., saying the economy has strengthened, the budget deficit is expected to narrow this year and in 2016, and health care cost increases are slowing. Falling oil prices also have boosted disposable income, the credit rating agency said. Read more

Why children should learn how to balance a checkbook

April 13th, 2015  // News Read more

4-week average of U.S. jobless claims at 15-year low

April 10th, 2015  // News

The four-week rolling average of first-time unemployment claims has reached the lowest level since 2000, according to the Department of Labor. Initial claims have held below 300,000 for five consecutive weeks, suggesting the labor market is strengthening. Read more

2015 is shaping up to be a strong year for M&As

April 9th, 2015  // News

There could be more than $3.7 trillion worth of mergers and acquisitions this year if deals continue to be made at the current pace. That would be second only to 2007's total of $4.3 trillion. There are 15 deals announced or proposed that are worth more than $10 billion, according to Dealogic. Read more

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