Topic: economy

Accounting Sector Adds 2,000 New Jobs

October’s performance represents a third straight month of gains and a year-to-year gain of 60,800 jobs, bringing the industry’s payroll to 932,200 employees.

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CFOs Increasingly Fearful about Economic Outlook

52% support personal tax increase to help balance the budget.

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Accountants Outpace CPAs in Job Listings

Open “accountant” jobs has increased 64% and the number of open “CPA” jobs has declined 11%

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Accounting Sector Adds 3,300 Jobs in September

Industry grows to 926,000 employees nationwide.

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Will a Jobs Plan Wreck Your Tax Season?

Get the briefing paper on the “American Jobs Act.” With hopes of stimulating national job growth in the near future, President Obama is urging Congress to pass a $447 billion jobs package. But many tax practitioners just want to know: Will all the rules, regs and forms be ready in time for the 2012 filing season? “The administration wants Congress to act on this fast,” says CCH Principal Federal Tax Analyst Mark Luscombe, JD, LLM, CPA. “Tax relief aimed to help small businesses may be a key point for lawmakers to find common ground on this bill.” “But it may be difficult for the IRS to administer some of the tax provisions if the package is passed,” he says. GET [...]

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Accounting and Bookkeeping Remains Bright Spot in Generally Weak Economy

Sixth month of year-over-year gains. by Rick Telberg Employment in the accounting and bookkeeping sector slipped by a statistically insignificant 800 jobs in August, to 922,400 people. That was barely a change from June’s 923,200-jobs level, and it represents the third straight month of declines. But it also represents the sixth month of year-over-year gains.

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Is the Tax and Accounting Business in Trouble?

A matter for debate. Some say the business has reached maturity (here and here) and may even be in decline (here). Others argue the best and biggest days lie ahead (here). Readers have been weighing in.

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