Posts from: Business News
Buying a Home? You May Have Missed an Important Step
Anyone who is going through the process of buying a home knows that it can be a long and expensive process. And it’s one that you need to get right to build a solid financial future Find the right lender. There are many different types of mortgages,... (more...)
Corporate, Personal Income Taxes: EDD Extends Deadlines for Employers Affected by Wildfires in Los Angeles and Monterey Counties
The California Employment Development Department (EDD) is extending deadlines for employers in Los Angeles and Monterey Counties who were directly affected by the wildfires that began on July 22, 2016. Qualifying employers may request up to a 60-day extension... (more...)
U.S. Consumer Spending Rises, Brexit Casts Shadow on Outlook
U.S. consumer spending rose for a second straight month in May on increased demand for automobiles and other goods, but there are fears Britain’s vote to leave the European Union could hurt confidence and prompt households to cut back on consumption. Despite... (more...)
The Fed Is Now More Likely to Cut Interest Rates Than Raise Them
Wall Street is betting Brexit will change the minds of raising interest rates in the next meeting. The probability of a federal funds rate hike at the Fed’s next three monthly meetings has collapsed to 0%, and traders are assigning a less than 8% chance... (more...)
Worldwide Markets Lost More than $2 Trillion
The U.K.’s referendum to leave the European Union was a costly decision in more ways than one. Worldwide markets hemorrhaged more than $2 trillion in paper wealth on Friday according to data from S&P Global, the worst on record. Brexit is the... (more...)
Warning for Rising Home Prices
Home prices are crossing the line again. After an epic housing crash, where values plummeted nationally by almost 35 percent, the nation is seeing new highs again. The median price of an existing home sold in May hit a record $239,700, according to the... (more...)
Startup costs: Book vs. tax treatment
New businesses, which are vital to a healthy economy, usually incur costs before they begin active conduct of their intended business operations. These costs are frequently generically referred to as startup costs of a business. For financial accounting... (more...)
Make these last-minute moves to qualify for important retirement savings tax breaks
The end of the year has a variety of retirement planning deadlines you need to meet in order to qualify for tax deductions and credits. Retirees also need to take action by specific dates to avoid retirement account penalties. Here are some of the retirement... (more...)
Former H&R Block Manager Sentenced to Year in Prison for Identity Theft
Dubose, the former manager of an H&R Block outlet, pleaded guilty in March to one count of wire fraud and one count of filing false claims with the Internal Revenue Service. The court sentenced him to 12 months and one day on each count of the conviction,... (more...)
Temporary jobs becoming a permanent fixture
Hiring is exploding in the one corner of the U.S. economy where few want to be hired: temporary work. From Wal-Mart to General Motors to PepsiCo, companies are increasingly turning to temps and to a much larger universe of freelancers, contract workers... (more...)
The Startup Business Needs CPA
There is a joke in Hollywood that no matter what one’s day job is, everyone has a headshot in their back pocket. In business, the back pocket accessory isn’t the headshot—it’s the business plan. The startup community is exploding across the U.S.... (more...)
CFO – Strategic Thinking
CFOs are increasingly involved in setting strategy – a transition that is requiring them to become more effective communicators and to think more holistically. CFOs from multinational companies such as Nike, Coca-Cola Enterprises, Ralph Lauren, Xerox,... (more...)