Eckhoff Accounting News & Resources

Eckhoff and Companies Weekly Economic Update

Eckhoff and Companies Weekly Economic Update


RETAIL SALES ROSE IN DECEMBER
Consumers spent freely during the holidays: the latest Census Bureau report shows a nice advance for retail purchases. They improved 0.4% last month, with core retail sales up by the same amount. 1

PRODUCER PRICES UNEXPECTEDLY RETREAT
In December, wholesale inflation declined for the first time in 18 months.

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How to Avoid the Top Five Wealth Predators of the Affluent

How to Avoid the Top Five Wealth Predators of the Affluent


An article published by North Bay Perspective, Bruce Frankel, Managing Partner of Eckhoff Wealth Management speaks of avoiding the top wealth predators of the affluent.

How To Avoid the Top Five Wealth Pedators of the Affluent

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Weekly Economic Update January 8, 2018

Weekly Economic Update January 8, 2018


LOW UNEMPLOYMENT, BUT LESS HIRING
The Department of Labor’s latest jobs report announced a headline unemployment rate of only 4.1% in December, but it also showed companies adding just 148,000 net new workers last month. Even so, net payroll growth averaged 204,000 during the last three months.

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Eckhoff and Companies Weekly Economic Update, January 2, 2018

Eckhoff and Companies Weekly Economic Update, January 2, 2018


CONSUMER CONFIDENCE DECLINES
In December, the Conference Board’s monthly index fell sharply from its lofty November reading of 128.6. That number was a 17-year high. Economists polled by Bloomberg expected a retreat to 128.0; instead, the gauge dropped to 122.1, which was still one of its best readings in the past 15 years.

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Eckhoff and Companies Weekly Economic Update, December 26, 2017

Eckhoff and Companies Weekly Economic Update, December 26, 2017


LANDMARK FEDERAL TAX CHANGES SLATED FOR 2018
Congress passed the Tax Cuts & Jobs Act last week, and President Trump signed the bill into law on Friday. The new legislation authorizes major changes to the Internal Revenue Code. On January 1, 2018, the corporate tax rate will be reduced to 21%, most pass-through businesses will be allowed to claim a 20% deduction on earnings, the estate tax exemption will double, the individual standard deduction will rise to $12,000, and personal exemptions will disappear.

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