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For a third year in a row, CPA firms have seen an increase in revenue post-recession, according to Accounting Today. Citing stats from the Rosenberg Map Survey, an annual survey that tracks 382 accounting firms, the website said that in 2013 firms posted a 6.7 percent revenue increase, compared to a 5.4 percent increase in 2012.
While the business environment is becoming increasingly data driven, most top level executives still prefer to think with their gut and intuit their way to good business decisions, said CFO.com. A survey conducted by the Economic Intelligence Unit and PricewaterhouseCoopers found that 79 percent of the 1,153 executives they surveyed make at least one big decision a year, with one in three putting the value of that decision at $1 billion or more.
Scotland today will decide whether or not it wants to remain a part of the United Kingdom or become its own independent country. But why should we here in the U.S. care? Well, for one, the U.S. is Scotland's largest investment partner, meaning that in the event that Scots vote "yes" on independence (and there's a credible chance they will), U.S.
The House of Representatives passed, by 333-92, a bill that would subject the U.S. Federal Reserve to an audit, the results from which will then be given to Congress as a report, according to the Hill. The audit, according to the bill, would be conducted by the Comptroller General of the United States within one year of the bill's passage into law.
A survey conducted by Wallet Hub, a personal financial planning website, found that most Americans don't like taxes and think they're unfairly structured, according to CNBC. The survey asked about 1,000 Americans across the country what state and local tax rate they think would be fair for different income groups and then compared the results to the actual state and local tax rates.
Few businesses today offer pensions, with most private sector workers instead having something like a 401(k). What happened? One paper from the Wharton School of Business offers a theory: the shareholders happened.
The small business landscape is littered with the broken bonds of well meaning friends and lovers who thought that their strong social bond would become an asset in a shared venture, versus the liability it became. Considering that money is among the most common things married couples fight about, is it any wonder that starting a business--which, just so we're clear, involves money--can quickly turn best friends into bitter foes?
It costs more than a cent to make 1 cent. Specifically, 1.6 cents, according to the news site Quartz, and this is an improvement over a few years ago when a penny cost 1.8 cents to mint, leading some to revisit the debate about whether the time is finally right to get rid of the penny once and for all. Driving the new debate, said Quartz, is the rising price of zinz.
Computers have come a long way from the days of punch cards and vacuum tubes. Today, all the computing power that was needed to put humans on the moon is dwarfed by the everyday technology of the smart phone. As the economy becomes more and more computer-driven, what implications does this have on financial executives in the c-suite?
Things about the size of China: