Archive for the 'Tax' Category

Demand for Accountants Continues to Climb

Monday, September 29th, 2008

Amid economic turmoil, accounting remains one field with strong growth potential. According to the Bureau of Labor Statistics, the employment of accountants and auditors is expected to grow at least 18% by 2016 – that’s faster than the average rate of growth for all other occupations. “An increase in the number of businesses, changing financial [...]

Amid Fears of Layoffs, Firms are Staffing up Global Wealth Management Groups

Wednesday, September 17th, 2008

While fears of layoffs plague Wall Street, job seekers with experience in managing money for wealthy clients are poised to gain new opportunities. Executive search firm, A.E. Feldman, reports that banks are still recruiting in the high margin, wealth-management business, which has expanded to include service offerings such as trust advice, estate planning, and tax [...]

Demand Mounts for Accountants with IFRS Expertise

Wednesday, September 3rd, 2008

The Securities and Exchange Commission (SEC) recently announced it voted to publish for public comment a proposed Roadmap, or series of benchmarks, that will guide the United States through the process of convergence from U.S. GAAP to International Financial Reporting Standards (IFRS). The move could ultimately unite the global business community and move all U.S. [...]

Obama, McCain Promise to Spur Job, Wage Growth

Tuesday, August 26th, 2008

Presidential hopefuls, Barack Obama and John McCain, have starkly different plans on how to reverse the year-long slide in workers’ incomes, reports Money.com. The report notes that Democratic contender, Barack Obama’s proposals of creating jobs through government investments (such as a $150 billion investment in clean energy projects and infrastructure projects he says will create [...]

Obama, McCain Propose Major Tax Changes

Thursday, August 21st, 2008

While the war in Iraq, the sagging economy and the nation’s crumbling infrastructure have taken center stage on the campaign trail, tax and fiscal policy will be a major issue on the next president’s domestic policy agenda. In the past year, the federal budget deficit has ballooned, as large projected increases in spending on Social [...]

Business is Good at Accounting Firms, Demand for Talent Persists

Friday, August 1st, 2008

Deloitte’s forensic accounting and tax units have enjoyed a big boost in business. The Big Four accounting firm reports that annual revenue at its member firms rose 18.6% in fiscal 2008, spurred by growth in Asia and demand for its financial advisory services, according to Reuters. Amid the slowing economy, the firm’s business transformation services [...]

Push for Convergence Accelerating, Demand Grows for IFRS Expertise

Wednesday, July 23rd, 2008

U.S. companies need to prepare for the convergence of global accounting standards. A mid-year update of the Financial Accounting Standards Board’s agenda left no doubt that the group is actively planning for U.S. GAAP to be replaced by International Financial Reporting Standards (IFRS), reports CFO.com. Moreover, a large majority of accounting leaders from around the [...]

Corporate Accountants Enjoying Significant Pay Raises

Thursday, July 17th, 2008

Salaries are climbing along with demand for accounting talent. Despite fears of a recession and layoffs, accountant salaries have jumped to their highest levels ever. That’s according to a recent survey conducted by the Institute of Management Accountants (IMA). The IMA’s 2007 Salary Survey, which polled roughly 1,600 internal auditors, treasurers, forecasters and planners at [...]

Demand Escalates for Transfer Pricing Specialists

Friday, July 4th, 2008

Transfer pricing continues to be one of the most critical matters facing multinational companies. In fact, Ernst & Young’s Global Transfer Pricing Survey 2007-2008 shows that transfer pricing continues to be the number one international tax issue of interest to multi-national enterprises. Why? E&Y says it’s a risk issue for financial reporting. The IRS and [...]