Inflation worries, a tight labor market and global fallout from the Russo-Ukraine war have dropped business executives’ view of U.S. economic prospects to its lowest level since 2011, according to the second-quarter AICPA Economic Outlook Survey.
Labor shortages and mounting inflation fears combined to dampen business executives’ outlook on the U.S. economy, according to the third-quarter AICPA Economic Outlook Survey.
The AICPA, CPA.com, and Biz2Credit are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms advising small businesses on loan forgiveness under the Paycheck Protection Program (PPP) and additional small business financing options.
The American Factoring Association wrote to Steven T. Mnuchin, U.S. treasury secretary, and Jerome H. Powell, chairman of the Federal Reserve, to state its opposition to a proposal to create a federal program to purchase accounts receivables in the private sector.
The AICPA called for the Federal Reserve to create a short-term accounts receivable lending facility for small businesses.