Some low-wage employees pass on employer-sponsored health plans

October 22nd, 2015  // News

Relatively few employees in restaurant, retail, hospitality and other low-wage industries have enrolled in employer-sponsored health insurance plans, brokers and business owners say. Data from payroll processor ADP indicates the income level at which most eligible workers sign up for health insurance is $45,000 a year. Read more

Efforts to fill the CPA pipeline

October 21st, 2015  // News

The AICPA's multipronged approach to leading top candidates on the path to CPA includes a new high-school accounting game, campus initiatives, mobile-friendly websites and numerous other efforts Read more

Why millennials are drawn to accounting careers

October 20th, 2015  // News

Accounting can be an attractive career choice for millennials because it provides opportunities for advancement and the knowledge necessary to understand how businesses operate. In addition, some accounting firms are making an effort to build millennial-friendly cultures. Read more

Big banks no longer welcome large corporate cash deposits

October 19th, 2015  // News

Some large banks are discouraging companies from making big cash deposits and are charging fees to those that do. Regulatory changes and low interest rates are partly responsible for the trend. Read more

How companies are helping employees save more for retirement

October 16th, 2015  // News

A number of companies are trying to help employees prepare for retirement by increasing the default contribution rates for their 401(k) accounts. In some cases, these companies are diverting as much as 10% of their workers' paychecks into their retirement plans. Read more

Fed’s Beige Book paints modest economic picture

October 15th, 2015  // News

Modest to moderate growth was reported by nine out of 12 US Federal Reserve districts between the middle of August and early this month, according to the latest Beige Book. Labor markets were generally firm, although wages continued to lag and the manufacturing sector was a bit weaker. Read more

Companies see benefit of strict 40-hour workweek

October 14th, 2015  // News

A number of companies are insisting that employees work exactly 40 hours a week, with no extra time at night or on weekends for sending e-mails or doing other work-related tasks. These "firm 40" policies help employees be more efficient when they're in the office and can be an attractive perk when recruiting, leaders say. Read more

Low inflation may mean no increase in Social Security benefits

October 13th, 2015  // News

Low inflation makes it unlikely that there will be a cost-of-living adjustment for Social Security benefits next year, economists say. The government will announce the status of the COLA when it releases September's Consumer Price Index on Thursday. Read more

Rate increase by year-end possible, Fed’s Fischer says

October 12th, 2015  // News

The US economy might be strong enough for the Federal Reserve to raise interest rates by the end of the year, Fed Vice Chairman Stanley Fischer said Sunday at the annual meeting of the International Monetary Fund in Lima. Meanwhile, central bankers attending the IMF meeting from around the world are encouraging the Fed to increase its rate, some say just to end the uncertainty. Read more

Moody’s retains AAA rating for US

October 8th, 2015  // News

Robust growth and a strong dollar were among the reasons Moody's cited as it maintained its AAA credit rating for the US. The agency also signaled stability for the near term, but it flagged concerns for the longer term if the US fails to change its fiscal policies and reduce its budget deficits while debt ratios increase. Read more

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