U.S. employers added 169,000 jobs last month. The unemployment rate fell to 7.3 percent from 7.4 percent the previous month. Economists had been expecting job expansion of about 170,000 to 200,000. The Washington Post scores this as a clear signal for an improving economy while The New York Times and other media are more circumspect. Both seem to ignore the fact that if the economy were to fill the jobs gap left by the recession within the next four years, around 300,000 jobs a month would need to be created, according to the Hamilton Project at the Brookings Institution. Why business leaders should take a cautious look and see what’s behind the data.
It doesn’t get much more absurd. Over the last five years the state of California handed out over $120 million in tax credits and incentives for specific small business startups. Guess what? The state’s Franchise Tax Board is asking for all that money back. Only Sacramento could devise a scheme to change the rules and sock it to job creators.
A growing number of US companies are set to save hundreds of millions of dollars in tax by relocating to Europe after completing takeovers of Europeon firm, according to a report in the Financial Times. ”Some of the biggest mergers and acquisitions so far in 2013 have involved so-called “tax inversions” – where a US acquirer shifts overseas, to Europe in particular, to pay a lower rate. These deals have come at a time when politicians in Washington have been increasing their calls for corporate tax reform.”
Financial processes aren’t just about the numbers. The way you plan and decide budgets, and then track financial performance, has far-reaching impacts on strategy decisions, strategy execution, teamwork, culture, and innovation, as well as cost control. First step is to think of your business as a set of businesses within a business. Here’s how to go about it.
Last June, the Standard & Poor’s 500 Index fell the most in 19 months after Fed Chairman Ben S. Bernanke said the central bank could cut back monthly bond purchases later this year. This change in Fed activity might send interest rates up, assert Wall Street advisors, whose business has benefited from low interest rates and record share prices. M&A experts are dampening forecasts for the next six months as a result of added uncertainty of valuations.
You worked your entire life with your blood, sweat and tears to create a viable business that you can be proud to say you were a part of something larger than yourself. For multiple reasons, such as family, health, age or interest, you have decided to sell your business. Now what do you do?
What’s behind the allure of investing in startups? (Hint: It’s not always about the money.)
A new survey of major health care insurers, representing the vast majority of covered individuals in the U.S., conducted by the American Action Forum (AAF) answers the question: what impact will the Affordable Care Act (ACA) have on premiums in 2014? This survey aimed to illustrate real cases in a variety of regulatory environments, representing the spectrum of rate changes cross any given geographic area, rather merely average changes across demographics.
Last Sunday, Feb. 3 marked the 100th anniversary of the ratification of the 16th Amendment, which enabled the establishment of the U.S. federal income tax. The century-long history of the income tax has been marked by more and more taxpayers paying higher and higher amounts of tax. As Americans get ready for yet another tax filing season, take a look at how the income tax has morphed from a tax only a handful of people actually paid in 1913 to behavior-changing deal it is today.
US CEOs are showing less confidence for growth in 2013 but are optimistic about the longer-term horizon, according to the 16th annual survey of U.S. CEOs conducted by PricewaterhouseCooper. They are, however, far more confident in their company’s ability to navigate through the anticipated volatility expected over the next three years.