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What do the latest job numbers say about the health care sector?

What do the latest job numbers say about the health care sector?

According to the latest nonfarm payroll report by the Bureau of Labor Statistics, health care added 44,700 jobs, exceeding our earlier estimate of 40,000.
When To Outsource Your Accounting

When To Outsource Your Accounting

Thanks to the cloud and automation, outsourcing has never been a more viable option than it is today. Quite often, outsourcing can be more efficient and less expensive than hiring dedicated staff. In this video, we'll cover the benefits of outsourcing your accounting.
Retail sales surge, easing recession fears for now

Retail sales surge, easing recession fears for now

Retail sales data surged in October as holiday shopping started early for the second year in a row.
How high will interest rates go?

How high will interest rates go?

We expect the Fed to raise its policy rate above 5% in the near term while at the same time reducing its balance sheet by $95 billion per month.
Congressional midterm election results anxiously awaited

Congressional midterm election results anxiously awaited

Tax and midterm elections: Whether or not Republicans take control of the House, tax policy centers on a year-end extenders bill.
When will inflation slow? Pay attention to housing.

When will inflation slow? Pay attention to housing.

We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components.
Consumer sentiment falls as outlook worsens

Consumer sentiment falls as outlook worsens

The University of Michigan's consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June at 50, according to survey data released Friday
IRS opens determination letter program for 403(b) plans

IRS opens determination letter program for 403(b) plans

Revenue Procedure 2022-40, allows 403(b) retirement plans to use the same individually designed retirement plan determination letter program currently used by qualified retirement plans.
Five Steps to Recognizing Revenue in Financials

Five Steps to Recognizing Revenue in Financials

The FASB and IASB have provided standards for properly recognizing revenue in your financials. Using a five step process, companies recognize revenue based on the value and timing of when control of the goods and services are transferred to the customer. Learn about the standards and how to properly recognize revenue for your company.
Consumer products holiday season insights: Retail holiday shopping expected to be strong this year

Consumer products holiday season insights: Retail holiday shopping expected to be strong this year

The holiday shopping season is expected to continue to show strong nominal spending by consumers.
U.S. October jobs report: Strong growth as labor market remains tight

U.S. October jobs report: Strong growth as labor market remains tight

Total employment increased by 261,000 jobs in October, which brought the total gain in employment this year to 4 million positions.
Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

Fed raises its policy rate by 75 basis points as it prepares to slow pace of hikes

The Federal Reserve increased its policy rate by 75 basis points on Wednesday to a range between 3.75% and 4% as it hinted at slowing the pace of its hikes.
IRS makes statements on CARES Act Employee Retention Tax Credit risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
FOMC preview: Policy rate moving higher as Fed may prepare to slow pace of price stability campaign

FOMC preview: Policy rate moving higher as Fed may prepare to slow pace of price stability campaign

We expect the Federal Reserve to increase its policy rate by 75 basis points to a range of 3.75%-4% when it publishes its policy decision on Nov. 2.
Inflation persists as spending rebounds strongly in September

Inflation persists as spending rebounds strongly in September

While inflation data came out slightly better than expected, the key wage inflation metric-the employment cost index-remained elevated.