The U.S. is on pace for a soft landing, but risks remain - As falling inflation and rising real wages offset dwindling excess savings and tighter credit conditions, moderate consumption growth should carry the U.S. economy to a soft landing. That said, with a U.S. election on the horizon, higher policy rates and elevated geopolitical tension, risks remain that could knock the U.S. economy off its steady path.

The assessment of the U.S. economic landscape for the 4th quarter of 2023 presents a nuanced perspective on critical factors shaping the year ahead. Exploring elements such as employment, inflation, global growth, and market performance, the analysis provides valuable insights into the complex dynamics influencing the economic and investment landscape in 2024.

We are announcing exciting news that POSI will be merging with Shimomura & Co., CPAs effective January 1, 2024.

In an era of economic uncertainty and fluctuating market dynamics, the United States finds itself at a crossroads. The nation's economic landscape has showcased a mix of resilience and vulnerability, with signs of optimism balanced by looming risks.

On our last episode, we discussed the basics of apportionment of Income to multiple states for companies that sell tangible products. This time we will consider companies whose business is to provide services or intangible related transaction to customers.

As the business grows and expands, it may create a nexus in other states, requiring the company to file tax returns in multiple states. Here, we will discuss how taxable income is allocated or apportioned in several states.