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U.S. inflation eases in December, supporting a moderation in Fed rate hikes
Top-line inflation declined by 0.1% on the month in December and increased by 6.5% on an annual basis.
What is Environmental, Social, and Governance (ESG)?
There is a growing awareness among consumers, investors, and other stakeholders about the importance of Environmental, Social, and Governance (ESG) issues, and they are increasingly using ESG criteria to evaluate and choose companies to support. Learn about ESG and how investing in ESG practices can create value for your company.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
Jobs report preview: Strong close to year as wages remain elevated
We expect the December U.S. jobs report on Friday to show an increase in total employment of 220,000 positions.
How to maximize your charitable contributions
When planning your charitable donations, it's important to maximize the tax benefits of those contributions. Given the current standard deduction amounts, donors must be strategic to realize any significant benefit from their contributions. Learn about strategies to help maximize your tax deduction from charitable contributions.
Bonus depreciation phase-out begins January 2023
100% Bonus depreciation is a tax provision that allows businesses to deduct the cost of certain qualifying property in the year it is placed in service rather than having to depreciate the cost over several years. Unfortunately, the 100% bonus depreciation deduction will begin to phase out after 2022. Learn more about the phase-out schedule and the alternative Section 179 deduction.
Does your company need an employee benefit plan audit?
An employee benefit plan audit is a periodic and independent examination of a company’s benefit plans that are subject to ERISA. If your company currently offers or plans to offer an employee benefit plan, read this article to learn about audit requirements.
FASB Proposes Changes to Lease Accounting Rules
The Financial Accounting Standards Board recently issued a proposed Accounting Standards Update for Leases (Topic 842). The update addresses related-party arrangements between entities under common control. This video provides an overview of the proposed changes.
Retail sales fall more than expected as spending and inflation cool
Retail sales in November posted the sharpest decline of the year, falling by 0.6% as shoppers pulled back from holiday spending.
FOMC decision: Fed lifts policy rate to range of 4.25% to 4.5%
The Federal Reserve on Wednesday lifted its policy rate by 50 basis points and laid the groundwork for an eventual pause in interest rate increases early next year, even as it indicated it intends to continue lifting rates into a slowdown.
When will inflation slow? Pay attention to housing
A correction in the housing market as mortgage rates reach 20-year highs is underway.
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
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 data surged in October as holiday shopping started early for the second year in a row.
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.