News
Accountants' confidence remains low for 2026
2+ hour, 15+ min ago (219+ words) Accountants' confidence in the global economy remains weak entering 2026. Accountants flagged economic pressures like inflation, recession and interest rates as the top risk priority in 2025, followed by cyber threats, geopolitical uncertainty and regulatory instability. The report highlighted the interdependence of…...
Private sector added 41K jobs in December
1+ week, 1+ day ago (311+ words) Private sector employers added 41,000 jobs last month, payroll giant ADP reported Wednesday, while annual pay grew 4.4% year over year." However, there was a steep drop of 29,000 jobs in December in the professional and business services sector, which includes accounting, tax…...
Small biz wage growth slowed in 2025
1+ week, 2+ day ago (361+ words) Hourly earnings growth at small businesses continued to decelerate in December, reflecting a pattern for much of the year, while job growth also moderated, payroll provider Paychex reported Tuesday. The Midwest ranked as the top region for small business employment…...
Trump's tax stimulus set to keep US economy on track in 2026
1+ week, 3+ day ago (937+ words) After a year of rolling policy shocks, the U.S. economy is set to get a lift from President Donald Trump's tax-cuts package to keep the expansion on track in 2026." American taxpayers will get bigger refunds in the first half of this…...
Bessent under discussion to also lead National Economic Council
1+ mon, 1+ week ago (604+ words) Donald Trump's aides and allies are discussing the possibility of making Treasury Secretary Scott Bessent the top White House economic adviser " in addition to his current job " should the president pick Kevin Hassett as the next chair of the Federal…...
Private sector lost 32K jobs in November
1+ mon, 1+ week ago (317+ words) Private sector employment declined by 32,000 in November, payroll giant ADP reported Wednesday, as small businesses in particular lost a total of 120,000 jobs. "It is both mom-and-pop, Main Street companies and firms, small businesses and establishments that are really weathering what…...
Small business jobs and wages grew modestly in November
1+ mon, 1+ week ago (352+ words) Last month brought a slight uptick in wage and job growth at small businesses in November, payroll company Paychex reported Tuesday. Wage growth has remained relatively stable at less than 3% in recent months, and there was little dramatic change in…...
Expectations-reality gap among students
1+ mon, 1+ week ago (434+ words) Students consistently misjudge key features of the junior auditor role, highlighting the need to levelset student expectations to help address the accounting talent shortage. A study by the University of Wisconsin-Madison found that students underestimate the profession's attractive aspects, like…...
Interest rates remain unchanged for Q1 2026
2+ mon, 19+ hour ago (361+ words) Interest rates will remain the same for the calendar quarter beginning Jan. 1, 2026, according to the Internal Revenue Service. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily." For corporations, the rate for overpayments will be…...
What CFOs should do as interest rates begin to fall
2+ mon, 1+ week ago (652+ words) After two years of restrictive monetary policy, it seems that interest rates are trending down, potentially even further as the year draws to a close." As inflation cools and the Federal Reserve signals its intent to gradually ease policy, CFOs…...