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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
While inflation data came out slightly better than expected, the key wage inflation metric-the employment cost index-remained elevated.
Employee or Independent Contractor?
It's important to correctly classify your workers as either employees or independent contractors. Incorrectly classifying workers can have serious legal and financial consequences. Learn about factors to consider when classifying your workers.
IRS issues inflation adjustments to tax rates and limitations for 2023
The Internal Revenue Service announced that it will be making adjustments for inflation to several key tax provisions for 2023. Learn about the adjustments and how they may affect your taxes next year.
What Is an S-Corp Election?
Business owners often struggle with determining the optimal legal structure and tax treatment for their business. This video will explain an S-Corp tax election and how it may benefit you and your business.
U.S. new home sales fell 10.9% in September
The steep rise in mortgage rates has been the number one reason for the fall in demand.
U.S. housing starts continue to fall amid rate hikes
New housing starts fell by 8.1% in September as the impact of rising mortgage rates worked through the housing market.
Expect More IRS Audits
The Inflation Reduction Act allocated $80 billion to the IRS for hiring additional personnel and improving processes and technology. Learn how this might affect future audit activity and how much time the IRS has to audit you.
Retail sales stay flat as inflation remains elevated
American consumer spending was unchanged in September, held back mainly by auto and gasoline sales as prices at the pump and auto dealers fell on the month.
Inflation remains hot, sticky and elevated, implying another supersized rate hike
Both top-line and core inflation remain hot, sticky and elevated, which implies another rate increase of 75 basis points at the Fed's November meeting.
Economic headwinds: Law firms
The professional services industry has experienced a luxury that many others throughout the pandemic have not—stability. However, now that the U.S. economy contracted in each of the first two quarters of 2022, the warning signs are clear: Without making significant progress on improving productivity, firms in all sectors risk a sharp decline in profits in 2022 amid the increase of direct expenses and inflation.
FASB to propose changes to related party leases guidance
The FASB recently voted to issue proposals on the determination of an arrangement as a lease and the financial reporting requirements for related party lease arrangements for certain entities.
Avoid these common pitfalls when establishing a retirement plan
When establishing a retirement plan, be sure to avoid common missteps when setting up your company’s retirement plan.
Pending home sales fall to their lowest level since April 2020
Pending home sales in the United States fell by 2% in August, the third straight monthly decline amid a steep rise in mortgage rates.
Amid global economic turmoil, stress grips fixed-income markets
Fixed-income markets are signaling a shift in perceptions of financial stability and raising a caution flag for investors.