Staffing Costs Rise Faster Abroad


According to the Grant Thornton International Business Report, 48% of U.S. private businesses are paying significantly more in staffing costs compared with a year ago, and 59% are more or significantly more focused on recruitment and retention of staff than they were a year ago.

But when compared to other countries, these U.S. companies have it easy. Internationally, 63% of private companies were paying more for staffing costs, and the same proportion reported an increase in focus on recruiting and retention. In India, 85% of employers reported a rise in labor costs.

Companies are also noticing the consequences of staff attrition, including increasing workloads for remaining employees (42%), higher operating costs (37%) and a decline in customer service standards (28%) .

Source: Grant Thornton International Business Report,


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.