The first estimate for Q4 real GDP growth is 1.9% at an annual rate, below the consensus expected 2.2%. Real GDP is up 1.9% for last yr.
New orders for durable goods declined 0.4% in December (-0.8% including revisions), coming in below the consensus expected rise of 2.5%.
Better Business Bureau warns of QuickBooks phishing scam accountingtoday.com/news/better-bu…
The 5 Worst Social Security Scams disq.us/t/26jtnnz
Existing home sales are up 0.7% versus a year ago.
Existing home sales declined 2.8% in December to a 5.49 million annual rate, falling short of the consensus expected 5.52 million.
Reduce your firm's cyber risks with these 8 actions accountingtoday.com/opinion/reduce…
Housing starts are up 5.7% versus a year ago.
Housing starts increased 11.3% in December to a 1.226 million annual rate, beating the consensus expected 1.188 million.
Top regulatory issues for small business in 2017 accountingtoday.com/opinion/top-re…
Retail sales are up 4.1% versus a year ago.
Retail sales rose 0.6% in December (+0.8% including revisions to prior months), almost exactly the consensus expected 0.7%.
Don't forget 1099-Misc forms are DUE 1-31-17 to your contractors AND to IRS this year. #SMB #SmallBusiness #tax
The Producer Price Index (PPI) rose 0.3% in December, matching consensus expectations. Producer prices are up 1.6% versus a year ago.
Remote sellers should brace for surge of sales tax reporting laws accountingtoday.com/opinion/remote…
Average hourly earnings – cash earnings, excluding irregular bonuses/commissions & benefits – rose 0.4% in Dec and are up 2.9% vs 2015
Nonfarm payrolls increased 156,000 in Dec versus expected 175,000. Including upward revisions to October/November, payrolls rose 175,000.
In the last year, exports are up 1.2% while imports are up 2.8%.
Exports declined $0.5 billion, led by declines in civilian aircraft and other goods. Imports rose $2.4 billion in November
The trade deficit in goods and services came in at $45.2 billion in November, slightly smaller than the consensus expected $45.4 billion
IRS beefs up security for tax season accountingtoday.com/news/irs-beefs…
Paychex saw rebound in small biz jobs accountingtoday.com/news/paychex-s…
ISM manufacturing index levels higher than 50 signal expansion; levels below 50 signal contraction.
The ISM manufacturing index rose to 54.7 in December, beating the consensus expected level of 53.8.
IRS offers safe harbor for information return errors accountingtoday.com/news/irs-offer…
Immigration reform could boost state revenues accountingtoday.com/opinion/immigr…
Democrats plotting 'collision course' with Trump tax plan accountingtoday.com/news/democrats…
New single-family home sales are up 16.5% from a year ago.
New single-family home sales increased 5.2% in November to a 592,000 annual rate, beating the consensus expected pace of 575,000.
Teaching your nieces to file false returns; thousands of gallons of fake gas purchases; and other highlights accountingtoday.com/news/tax-fraud…
Real GDP growth in Q3 was revised to a 3.5% annual rate from a prior estimate of 3.2%, beating the consensus expected 3.3%.
Disposable personal income (income after taxes) was unchanged in November but is up 3.7% from a year ago.
Personal income was unchanged in November (-0.2% including revisions from prior months), coming in below the consensus expected 0.3% gain.
Existing home sales are up 15.4% versus a year ago.
Existing home sales increased 0.7% in November to a 5.61 million annual rate, beating the consensus expected 5.50 million.
IRS Says 2017 Tax Season Starts January 23 accountingtoday.com/news/tax-pract…
New Legislation Would Raise Retirement Age to 69 accountingtoday.com/news/tax-pract…
Congress Eliminates IRS Penalty on Employer Reimbursements for Health Insurance accountingtoday.com/news/tax-pract…
Nonfarm productivity is unchanged versus last year.
Nonfarm productivity (output per hour) increased at a 3.1% annual rate in the third quarter, unchanged from last month's preliminary report.
In the last year, exports are up 0.4% while imports are up 0.8%.
The trade deficit in goods and services came in at $42.6 billion in October, slightly larger than the consensus expected $42.0 billion.
ISM non-manufacturing levels above 50 signal expansion; levels below 50 signal contraction.
The ISM non-manufacturing index rose to 57.2 in November from 54.8 in October, easily beating the consensus expected 55.5.
Alert: Over one million Google accounts breached -- plus.google.com/10160907362703…
payrolls increased 178,000 in November almost the 180,000 the consensus expected. Including revisions to Sep/Oct, payrolls rose 176,000.
ISM manufacturing indexLevels higher than 50 signal expansion; levels below 50 signal contraction.