Accounting August 9, 2023
American Credit Card Debt Tops $1 Trillion for First Time
Balances increased by $45 billion, the most of all debt types, to $1.03 trillion in the second quarter, the New York Fed said in a report Tuesday.
Accounting July 27, 2023
Majority of U.S. Consumers Use Apps for Finances Before Turning to Accountants
While fintech won’t make advisors obsolete anytime soon, financial professionals need to adapt to changing consumer behavior and play up their strengths by augmenting their services.
Accounting July 24, 2023
Watchdog Agency Wants More Regulations on Use of AI in Lending
The CFPB has already taken steps to stamp out abuses. The agency last month proposed a rule for home appraisals computed by algorithms.
Payroll July 24, 2023
74 Percent of Americans Have Financial Regrets: Most Commonly Is Not Saving Enough for Retirement
Overall, just 20% of U.S. adults say they do not have any financial regrets, while 6% say they don’t know what their biggest financial regret is.
Accounting July 13, 2023
Jirav Announces $20M Series B Round Led By Cota Capital
Jirav will use the funds to further accelerate product development, broaden its customer base across small-medium businesses (SMBs), mid-market companies, and accounting firms while hiring talent to support its growth.
Accounting June 22, 2023
Vic.ai Launches Intelligent PO Matching, a Step Forward in Autonomous Finance
This release is the latest in Vic.ai’s end-to-end invoice processing solution, which uses AI to automate manually intensive AP tasks and elevate finance and accounting teams.
Payroll June 22, 2023
Most Americans Uncomfortable with Emergency Savings
Just 43% of Americans say they are comfortable with the level of emergency savings they currently have, including 28% who are somewhat comfortable and 15% who are very comfortable.
Accounting June 20, 2023
Grant Thornton Expands Private Equity Offerings
In these roles, McManus and Arata will provide Grant Thornton’s private equity clients and their portfolio companies with comprehensive solutions that help drive organic and inorganic strategic growth.
Payroll May 31, 2023
6 Top Investment Options to Generate Passive Income
Passive income investing allows you to work less and earn more. These passive income streams are some of the best to get started.
Payroll May 25, 2023
52% of Adults Say Money Has Negative Impact on Mental Health
Among those who say money has a negative impact on their mental health, 56% say this happens at least once a week (up from 52% last year), which includes 29% who say this happens daily.
Payroll May 24, 2023
More Americans Struggle with Personal Finances
Some 73% of adults were “doing at least OK financially” as of October, down five percentage points from a year earlier and among the lowest levels since 2016.
Accounting May 3, 2023
SEC Chief Blasts Hedge Fund Fees as Agency Readies New Regulations
For the last two years, SEC Chair Gary Gensler has championed new rules to add scrutiny to hedge funds and private equity firms.