GASB issues omnibus statement
The Governmental Accounting Standards Board has issued an omnibus statement addressing a wide range of practice issues.
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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 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 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
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
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 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
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
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
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
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
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
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.
New adjustment factor and reference price for oil and gas incentives
IRS Notice 2022-17, IRS Notice 2022-18 and IRS Notice 2022-19 provide adjustment factor and reference price for enhanced oil recovery, marginal well credit and percentage depletion for marginal wells.
The price of war: Risks around the inflation outlook
While we expect the annual inflation rate to peak this quarter as the comparisons to the lower levels of a year ago wear off, the risk of rising prices will remain.
What you need to know about state inheritance & estate taxes
Many people are aware of the federal estate tax, but few realize that certain states also levy estate and inheritance taxes on the assets one leaves behind. Learn about which states impose taxes, what the tax rates are, and how they may affect your estate planning.