{"id":9328,"date":"2023-10-30T17:06:35","date_gmt":"2023-10-30T22:06:35","guid":{"rendered":"https:\/\/lepperaccounting.com\/?p=9328"},"modified":"2023-11-03T18:11:29","modified_gmt":"2023-11-03T23:11:29","slug":"business-update-november-1-2023","status":"publish","type":"post","link":"https:\/\/lepperaccounting.com\/business-update-november-1-2023\/","title":{"rendered":"Business Update \u2013 November 1, 2023"},"content":{"rendered":"
Welcome to our Weekly Digest \u2013 stay in the know with some recent news updates relevant to business and the economy.<\/p>\n
Due to a substantial increase in crime in the area surrounding the Ann Arbor office recently, we’ve decided to make the Ann Arbor office accessible by appointment only. The Ann Arbor Police Department is doing a great job! We see them out there every day, helping people by taking criminals off the streets. Sadly, we cannot say the same thing about the Washtenaw County Prosecutor’s Office. All too often, the very same people we see getting arrested are right back out on the streets<\/a>, continuing their pattern of disruptive and sometimes violent behavior. The policies and practices<\/a> of the Prosecutor’s Office are creating an environment in Ann Arbor that is soft on criminals, but hard on everyone else<\/a>. We take safety very seriously. In an effort to protect and support the continued well-being of our team members, our doors will remain locked at all times. Clients will need to have an appointment to be granted entry to the office.<\/p>\n Our Pinckney office location will remain open and accessible for walk-ins as usual.<\/p>\n The interest rate on the most popular U.S. home loan last week jumped to the highest since September 2000<\/a>, marking its seventh straight weekly increase and driving mortgage applications to a 28-year low, a survey showed.<\/p>\n The Internal Revenue Service (IRS) has warned American taxpayers<\/a> to be on the lookout for criminals soliciting donations and falsely posing as legitimate charities in the wake of a string of natural disasters and conflicts happening across the globe.<\/p>\n Forty days after the\u00a0United Auto Workers\u00a0went on\u00a0strike\u00a0against Detroit\u2019s Big Three automakers, the\u00a0union\u00a0has reached a tentative agreement with one of the companies<\/a> in question: Ford. It means deals with General Motors and Stellantis may soon be on the horizon, too.<\/p>\n The initial third-quarter report on\u00a0gross domestic product\u00a0showed consumer spending zooming higher by 4% percent a year, after inflation, the best in almost two years. September\u2019s\u00a0retail sales\u00a0report showed spending climbing almost twice as fast as the average for the last year. And yet, bears like hedge-fund trader Bill Ackman argue that a\u00a0recession is coming<\/a>\u00a0as soon as this quarter and the market has\u00a0entered correction territory.<\/p>\n As retailers gear up for the holidays\u2014persistent inflation, high interest rates, and income uncertainties are spurring many consumers to cut back<\/a>, make trade-offs and get creative with how, where, and what, they spend their money on, according to Accenture\u2019s Annual Holiday Shopping Survey.<\/p>\n Winter holidays are a time of celebration and gift-giving. The National Retail Federation provides data and trends on winter holidays<\/a>, including spending, shopping, and consumer behavior. The 2023 holiday sales forecast is due for release this week.<\/p>\n Not all states deliver the same level of value for the citizens\u2019 money, but it can be hard to figure out which are offering the best bargains, as it often comes down to tug-of-war between quality of services, and how much taxpayers have to pay for them. To compare return of investment for taxpayers between states, WalletHub looked at the quality of government services<\/a>, including education, health, safety, economy, and infrastructure & pollution, offered in each state, versus the total state and local taxes that residents pay.<\/p>\n Tax rates vary greatly from state to state, and living in a high-tax state doesn\u2019t necessarily mean high-quality services \u2014 but if you make the move to live in a low-tax state, will you end up getting low-quality services?\u00a0 WalletHub reviewed the states and ranked the bottom 20<\/a> for return on investment.<\/p>\n Dozens of U.S. states are suing Meta Platforms\u00a0(META.O)\u00a0and its Instagram unit<\/a>, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. We’re hiring! Our firm is growing, and we are looking for great people to become a part of the team. Successful team members in our firm are hungry, humble, and smart. If you want to use your tax and accounting knowledge to help small business owners better manage their businesses, to have the opportunity to provide a variety of professional services, and if you want to advance your career to a high level, we’d appreciate hearing from you.<\/p>\n Contact us if you have any questions or want to discuss the next steps for your business.<\/p>\n Be well,<\/p>\n Your team at Lepper & Company, LLC<\/p>\n <\/p>\n Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Welcome to our Weekly Digest \u2013 stay in the know with some recent news updates relevant to business and the economy. Office Location Update – Ann Arbor By-Appointment-Only Due to a substantial increase in crime in the area surrounding the Ann Arbor office recently, we’ve decided to make the Ann Arbor office accessible by appointment … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":9130,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[76],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nU.S mortgage rates soar to highest in more than 23 years<\/h2>\n
IRS warns American taxpayers to beware of fake charities in wake of tragic crises<\/h2>\n
One down, two to go:\u00a0Autoworkers get a tentative deal with Ford<\/h2>\n
As the market enters correction territory, don\u2019t blame the American consumer<\/h2>\n
Financial pressures spurring \u2018creative pragmatism\u2019 as U.S. holiday shoppers look to make festive dollars work harder, survey finds<\/h2>\n
Winter Holiday FAQs<\/h2>\n
20 states that really deliver for taxpayers<\/h2>\n
20 states where taxpayers get the least bang for their buck<\/h2>\n
Meta\u2019s Instagram linked to depression, anxiety, insomnia in kids \u2013 US states\u2019 lawsuit<\/h2>\n
\nRead More<\/a><\/p>\nLooking for work?<\/h2>\n
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Get in touch<\/h2>\n