May 2016 CPI Top Gainers
May 2016 CPI was released by the Bureau of Labor Statistics (BLS) earlier today. The top 5 gainers are shown in the table below:
May 2016 PPI Top 10 Gainers
May 2016 PPI was released by the Bureau of Labor Statistics (BLS) today. The top 10 gainers are shown in the table below:
PPI Top 10 April Gainers by BLS Commodity Groups
The Bureau of Labor Statistics (BLS) released April 2016 PPI today.
March ’16 CPI Economic News Release
The Bureau of Labor Statistics (BLS) released March 2016 CPI today.
Beware of Specific Goods or Unit LIFO
CPAs should be aware of situations for which their clients are using Specific Goods LIFO. Read the full blog article to see why
March ’16 PPI Economic News Release
The Bureau of Labor Statistics (BLS) released March 2016 PPI today.
Why Internal Index LIFO Inflation is Often More Volatile than PPI inflation for Manufacturers
Learn why internal index calculations have historically lower LIFO Tax benefits when compared to other inflation measure sources.
Keeping Up With the Frequent Changes in the Producer Price Index Commodity Codes Used for LIFO Inventory Calculations
LIFO-PRO’s software will automatically make the reassignments of Producer Price Index codes necessary of discontinued codes.
Tax Foundation Study: Economic & Budgetary Impact of LIFO Repeal
The Tax Foundation, the nation’s leading independent tax policy research organization, conducted a survey that collected information regarding the economic and budgetary impact of LIFO Repeal in the United States.
Committee Hearing Exchange with Treasury Secretary Jack Lew
Congressman Mike Thompson (D-CA), a leading Congressional LIFO advocate, had an exchange with Obama Treasury Secretary Jack Lew this week during a House Ways & Means Committee hearing. The unofficial transcript is posted below:
LIFO repeal once again misrepresented in White House budget proposal
The LIFO Coalition posted an update on their website today that discussed the recent release of President Obama’s 2016 budget proposal.
“Congress must not hurt small businesses by repealing accounting procedure”
A Florida House of Representatives member wrote an article regarding LIFO that appeared in the Column of online news network Context Florida on January 25th, 2016. Read the full article below.