Accounting January 6, 2025
2024’s Economy Lays the Groundwork for a Steady 2025
As we look to 2025, the small business economy is on track to support these businesses and provide additional opportunities for growth. However, uncertainties remain.
Small Business December 30, 2024
Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases
The Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – advanced 2.2% to 79.0 in November.
Small Business December 30, 2024
U.S. Consumer Confidence Pulled Back in December
December’s fall in confidence was led by consumers over 35 years old; consumers under 35 became more confident.
Small Business December 30, 2024
CFPB Sues Walmart and Branch for Illegally Opening Deposit Accounts for More than a Million Spark Delivery Drivers
Drivers had to follow a complex process to access their funds, and when they finally did, they faced further delays or fees if they needed to transfer the money they earned into an account of their choice.
Small Business December 26, 2024
November Home Sales Rose 4.8% in Strongest Showing Since 2021
Existing-home sales grew in November, according to the National Association of Realtors. Sales advanced in three major U.S. regions and remained steady in the West. Year-over-year, sales climbed in all four regions.
Advisory December 23, 2024
New Service Offerings to Grow Your Firm in 2025
Some services are a natural fit for CPAs. And although they might not be a part of their expected line-up, they are so closely integrated in business operations that it would almost be a disservice not to offer them.
December 22, 2024
Trump Demands Lower Fees for Use of Panama Canal or Its Return to U.S. Control
President-elect Donald Trump said Saturday that the Panama Canal is charging “exorbitant prices and rates of passage” on U.S. naval and merchant ships.
Accounting December 21, 2024
Congress Avoids Government Shutdown: Bill Includes Farm Aid, Disaster Funds
The Senate cleared a stopgap funding extension early Saturday shortly after a midnight deadline, staving off a partial government shutdown and ending days of gridlock over a package whose contents seemed to change by the hour.
Financial Reporting December 19, 2024
AICPA Releases Statement Expressing Optimism of Possible Delay for BOI Reporting
Following the release of language in the proposed continuing resolution relating to the beneficial ownership information reporting requirement, the American Institute of CPAs (AICPA) released the following statement.
Payroll December 12, 2024
Consumer Housing Sentiment Up Significantly Year over Year
This month, a new record-high share of consumers indicated that they expect mortgage rates to decline over the next 12 months, while fewer respondents said they expect home prices to rise.
Small Business December 12, 2024
Every Season is Tax Season for Small Businesses. Better Financial Tools Can Reduce the Burden
According to SCORE, 82% of small businesses fail due to issues managing cash flow. If money has not been set aside for taxes, an unexpected rise in expenses can cause their business to fail. As a result, personal savings can be wiped out, and those with small business loans can go into debt.
Small Business December 12, 2024
GlobalPost Improves Customer Satisfaction with Enhanced Cross-Border Compliance from Avalara
GlobalPost provides carrier and logistics solutions to 50,000 merchants who sell internationally, helping customers save money on platforms like ShipStation, Stamps.com, and ShippingEasy.