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Author: tricia

This author has written 65 articles
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Read more about the article The New IRS 5 Year Plan

The New IRS 5 Year Plan

  • Post author:tricia
  • Post published:August 1, 2022

IRS Commissioner Chick Rettig, whose term is ending at the close of this year, unveiled a new five year improvement plan for the Internal Revenue Service. The plan included... 1-…

Continue ReadingThe New IRS 5 Year Plan
Read more about the article Wealthy Americans Ramp Up Borrowing in 2022

Wealthy Americans Ramp Up Borrowing in 2022

  • Post author:tricia
  • Post published:August 1, 2022

The wealth management units of Morgan Stanley and Bank of America just posted double digit gains in the 2nd Quarter. This was due to substantial increases in lending.  Most of…

Continue ReadingWealthy Americans Ramp Up Borrowing in 2022
Read more about the article Build Back Better is Back

Build Back Better is Back

  • Post author:tricia
  • Post published:July 26, 2022

A scaled down version of the original bill that failed last December, is again being pushed in the Senate. The new package which would total around $1T in new spending,…

Continue ReadingBuild Back Better is Back
Read more about the article Inflation Surges to 9.1% in June
Inflation

Inflation Surges to 9.1% in June

  • Post author:tricia
  • Post published:July 26, 2022

The Consumer Price Index (CPI) numbers came out this morning and they were bad. Most economists had expected them to come in at 8.8%. When they were reported at 9.1%,…

Continue ReadingInflation Surges to 9.1% in June
Read more about the article Labor Markets May Be Turning

Labor Markets May Be Turning

  • Post author:tricia
  • Post published:July 26, 2022

These markets have been historically strong since the economy reopened last year. But recent data suggests that the tight labor market may finally be loosening. Last week the initial jobless…

Continue ReadingLabor Markets May Be Turning
Read more about the article A Well-Rounded Entrepreneur

A Well-Rounded Entrepreneur

  • Post author:tricia
  • Post published:July 25, 2022

One of the things they don't teach in business school is the fact that successful entrepreneuring isn't about one skill, but rather a well-rounded set of skills. The reason why…

Continue ReadingA Well-Rounded Entrepreneur
Read more about the article Audit Partners Overly Pessimistic About the Economy

Audit Partners Overly Pessimistic About the Economy

  • Post author:tricia
  • Post published:July 12, 2022

The Center For Audit Quality recently did a poll of 700 audit partners from the eight largest firms in the US on the state of the economy over the next…

Continue ReadingAudit Partners Overly Pessimistic About the Economy
Read more about the article Downtown Hospitality Industry in Trouble

Downtown Hospitality Industry in Trouble

  • Post author:tricia
  • Post published:July 12, 2022

The JW Marriott Hotel was taken over by its lender, Wells Fargo, with a winning bid of $251M in a bankruptcy auction last Friday. Wells was the only bidder. The…

Continue ReadingDowntown Hospitality Industry in Trouble
Read more about the article $1.8B Tax Decrease Begins Today

$1.8B Tax Decrease Begins Today

  • Post author:tricia
  • Post published:July 6, 2022

Illinois' $46B spending package along with its temporary $1.8B in tax decreases begins today. The individual changes include the following. Gas Tax Freeze The planned tax increase to account for…

Continue Reading$1.8B Tax Decrease Begins Today
Read more about the article Getting Your Company Through a Recession

Getting Your Company Through a Recession

  • Post author:tricia
  • Post published:June 30, 2022

There are certain companies that thrive in bad economies. If you sell a product or a service that's a low-cost alternative, then you might do even better than normal in…

Continue ReadingGetting Your Company Through a Recession
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