CPA Outlook Index improves


The CPA Outlook Index increased by six points in the fourth quarter after dropping eight points in the third quarter. While all of the components of the index showed improvement, the largest contributor to the increase was the outlook for the U.S. economy. The index is a broad-based indicator of the strength of U.S. business activity and economic direction that reflects the views of CPAs who are AICPA members in business and industry holding executive positions in both public and privately owned organizations of all sizes, and across a broad spectrum of industries.

Source: AICPA Business and Industry Economic Outlook Survey, 4th Quarter 2011.

NEWS

IRS sets start date for tax season

The IRS announced that tax season will start in late January and that it will issue refunds to taxpayers despite the partial shutdown of the federal government.

PODCAST

Why CPAs can’t wait on automation tools

What do accounting firms waiting on others to develop AI, automation, and data analytics tools have in common with a baseball fan sitting in a stadium filling with water at an exponential rate? The answer could determine your firm’s fate.