Eckhoff Accounting News & Resources
July 30, 2018
First estimate of Q2 GDP: 4.1%
Not since the third quarter of 2014 has the economy grown at such a pace. In its report released Friday, the Bureau of Economic Analysis noted 4.0% growth in consumer outlays during the quarter, a 7.3% improvement in business spending, and 3.5% more federal government spending.
Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Unfortunately, businesses often don’t accomplish their overall strategic plans because they’re unable to fully reach the various goals necessary to get there.
Are you having enough money withheld from your regular paychecks? The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the tax rules for individuals for 2018 through 2025. As a result, many taxpayers who previously itemized deductions are expected to claim the standard deduction, starting in 2018.
July 23, 2018
ANOTHER GOOD MONTH FOR RETAIL SALES
Americans are spending freely, as new Census Bureau data confirms. Retail sales advanced 0.5% last month, matching the consensus forecast of economists surveyed by Reuters, in the wake of a revised 1.3% May gain.
In this video, Michele Hassid, Eric Briese and Bruce Frankel explain how our clients benefit from integrated tax, accounting and wealth management services.
Bruce Frankel: One of the most common comments that we’ve been getting back from people is why isn’t the industry just like this?