US accounting salaries escalating amid talent shortage

August 11th, 2016  // News

Accounting and finance salaries in the US are projected to rise 2.8% in 2017, according to a salary guide published by recruiting firm Accounting Principals. That's up from projected rises of 2.4% for 2016 and 1.2% for 2015, and reflects a shortage of qualified professionals. Read more

Why data analytics skills are now essential for CPAs

August 10th, 2016  // News

Technological advancements are spawning more business threats and opportunities, requiring CPAs to develop and apply data analytics skills to perform in an increasingly data-driven world. Read more

6 ways to meet the financial planning needs of aging clients

August 9th, 2016  // News

As your clients age, you and your firm may want to approach financial planning differently. Learn six ways you can help aging clients prepare for the future. Read more

KPMG program pays for future employees to earn graduate degrees

August 8th, 2016  // News

KPMG has announced a pilot project in which it will pay for 50 college graduates to get a master's degree in accounting before they start to work full time at the firm. The students will enroll at either Ohio State University's Max M. Fisher College of Business or the Villanova School of Business and will take jobs in KPMG's audit practice with a three-year commitment. Read more

US employers added 255,000 jobs in July

August 5th, 2016  // News

The US economy added 255,000 jobs last month, exceeding economists' forecasts. The unemployment rate remained 4.9%, while average hourly earnings rose 0.3% from June. Read more

Wave of retirements might harm US productivity

August 4th, 2016  // News

The economy might lose out on key knowledge and experience and suffer a decline in productivity as more Americans retire, say researchers at Harvard University and the RAND think tank. "An older worker's experience increases not only his own productivity but also the productivity of those who work with him," the researchers wrote. Read more

Treasury proposes rules to curb estate tax avoidance

August 3rd, 2016  // News

The US Treasury Department has proposed rules to make escaping the estate tax more difficult for affluent families. The proposal addresses the way interests in family businesses are valued when passed on to an heir. Read more

New online Social Security protections could have drawback

August 2nd, 2016  // News

The Social Security Administration has enhanced its online security, requiring users to enter a security code sent via text message to access their accounts. The move could be problematic for people who don't have reliable access to text-enabled cellphones. Read more

How CPAs rated their tax prep software

August 1st, 2016  // News

Results of the annual JofA/The Tax Adviser survey are in, as more than 3,800 CPA tax preparers tell how their return preparation software worked for them during this year's busy season. Read more

Americans’ economic picture the brightest it’s been since 2007

July 29th, 2016  // News

The financial outlook of the average American has reached its highest level in nine years, according to the quarterly AICPA Personal Financial Satisfaction Index (PFSi). This quarter's PFSi was bolstered by rising home equity and job openings, and CPA executives' optimism toward their organizations' prospects. But the economic impact of geopolitical events such as Brexit and the US presidential election remains uncertain. Read more

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