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Consider revisiting the Texas franchise tax during inflation

Consider revisiting the Texas franchise tax during inflation

With the highest inflation rate in decades, and without a foreseeable end, businesses should re-examine the franchise tax calculation.
Initial jobless claims show signs of bottoming out

Initial jobless claims show signs of bottoming out

New filings for jobless benefits last week inched down to 210,000 as a tight labor market kept layoffs below pre-pandemic levels.
GASB issues omnibus statement

GASB issues omnibus statement

The Governmental Accounting Standards Board has issued an omnibus statement addressing a wide range of practice issues.
Tips for Raising Financially Literate Young Adults

Tips for Raising Financially Literate Young Adults

Parenting comes with many responsibilities, which include teaching children how to budget, save money, and make responsible financial decisions. In this video, we’ll cover six tips to help your children learn about saving, spending and investing.
New home sales fell 16.6% in April to lowest level since pandemic began

New home sales fell 16.6% in April to lowest level since pandemic began

New home sales plummeted in April to their lowest since the onset of the pandemic amid a steep rise in mortgage rates and elevated prices.
Initial jobless claims rise to 16-week high

Initial jobless claims rise to 16-week high

Initial filings for jobless benefits last week reached 218,000—the average level in 2019—from a downwardly revised 197,000 in the prior week.
Supply chain disruptions, rising inflation and the middle market

Supply chain disruptions, rising inflation and the middle market

American middle market businesses are girding for the continued challenges of supply chain disruptions, rising inflation and worker shortages.
Chart of the day: U.S. existing home sales fall again as rates rise

Chart of the day: U.S. existing home sales fall again as rates rise

Sales of existing homes fell for the third straight month as the housing market continued to cool off amid steep mortgage-rate increases.
The U.S. may see another supply whipsaw amid transport logjams

The U.S. may see another supply whipsaw amid transport logjams

The months-long lockdown in Shanghai, China’s most populous city and home to the world’s largest container port, is causing a pile-up of ships at anchor off the…
Chart of the day: U.S. housing starts fall amid rising mortgage rates

Chart of the day: U.S. housing starts fall amid rising mortgage rates

Housing starts fell by 0.2% on the month to 1.724 million annualized, according to the U.S. Census Bureau.
Chart of the day: Industrial production hits record

Chart of the day: Industrial production hits record

The Federal Reserve's index for industrial production volume rose by 0.8%, the fourth consecutive month of strong expansion.
U.S. retail sales: A solid month of growth

U.S. retail sales: A solid month of growth

Retail sales in the United States rose by 0.9% in April from a month earlier, the U.S. Census Bureau reported on Tuesday.
Steady optimism belies labor challenges and expensive materials

Steady optimism belies labor challenges and expensive materials

AEC firms are coping with rising costs and extended project timelines by looking to digital solutions.
A back-office transition puts a family office on a path to digital transformation

A back-office transition puts a family office on a path to digital transformation

Back-office transition planning for a family office move that involves relocating the accounting function calls for thoughtful change management to avoid potential risks.
The Reputable Tax Preparer

The Reputable Tax Preparer

Recent law changes (including those resulting from COVID-19) continue to add to an uncertain and complex tax world. With the Internal Revenue Service (IRS) contending with significant backlogs, taxpayers are often left struggling to find the help they need.