Think Middle-Class Taxes Are High?

You’re right. The middle-class has been picking up more of the tab for federal spending since the late 1980’s, and the rich have been paying progressively less. Above-average burdens, for instance, appear thick and red and below-average thin and blue.

CPA Optimism Rises Sharply

Upbeat assessment follows a modest outlook last quarter. via AICPA CPAs expressed their highest level of optimism on the U.S. economy since the third quarter of 2007, according to the latest AICPA/UNC Quarterly Economic Outlook Survey. In addition, there was … Continued

Big Four Revenues Bounce Back

Up 1.4% in 2010 after 7% drop in 2009. Deloitte takes top spot from PWC. via “The 2010 Big Four Firms Performance Analysis” by Big4.com After an extraordinary period of continuous revenue growth from the early 2000s to 2008, combined … Continued

Accountants Say Flat is the New Normal for 2011

The good news: fewer layoffs. According to a survey of U.S. accounting firms released by Sageworks, there is reason for optimism in 2011. About 66% of accountants surveyed by Sageworks say they expect business headcounts to remain unchanged in 2011, … Continued

AICPA CFO Survey: Optimism Trends Higher

But no recovery until 2012. via AICPA After a dramatic drop last quarter, CPA executives regained modest optimism in the past three months about prospects for the U.S. economy but believe the recovery will be slow and they are cautious … Continued

More Accountant Job Cuts in November

Accounting and bookkeeping sector hits new low. Accounting and Bookkeeping, All Employees, in Thousands As the nation’s overall unemployment rate ticked upward to 9.8% in November from 9.6%, the number of jobs in the accounting and bookkeeping sector declined by … Continued

Small Business Optimism Bounces Back

Zero employment growth: “one of the best performances in years.” via NFIB The National Federation of Independent Business Index of Small Business Optimism gained 2.7 points in October rising to 91.7, not a huge move, but at least a decent … Continued

CFOs: Cash Flow Is Top Worry for 2011

78% see no recovery for two years. via TD Bank Sixty-nine percent of chief financial officers and other corporate finance managers at mid-sized businesses say that it’s the intense challenge of managing cash flow that worries them the most, according … Continued