Behind the Export Boom


Industrial supplies and materials were the leading driver of export growth for the year ending in the second quarter of 2008, accounting for about 36% of the growth, according to the U.S. Bureau of Economic Analysis.

American exports grew at an inflation-adjusted rate of 11.8% in the 12 months studied. Capital goods, except automotive, accounted for about 34% of the growth; automotive, consumer and other goods accounted for about 22%; and foods, feeds and beverages accounted for about 8%.

Source: Bureau of Economic Analysis, www.bea.gov.

 

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.