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Porzio Compliance Services
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Season's Greetings! https://buff.ly/2oTCzhw
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PorzioCS sponsored the NJACP Annual Statewide Conference. PorzioCS Vice President, Liz Shea, attended on behalf of the company.
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The U.S. Bureau of Economic Analysis (BEA) has released the report, "U.S. International Trade in Goods and Services, May 2017."

The BEA announced that the U.S. goods and services deficit was $46.5 billion in May, down $1.1 billion from April 2017, revised. May exports increased by $0.9 billion as compared to the prior month, while May imports decreased by $0.2 billion during that same time.

Year-to-date, the goods and services deficit increased $27.0 billion (13.1%) from the
same period in 2016. Exports increased $54.3 billion (6.0%); imports increased $81.4 billion (7.3%).
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The U.S. Bureau of Economic Analysis (BEA) has released the report, "U.S. International Transactions: First Quarter 2017 and Annual Update."

According to preliminary BEA statistics, the U.S. current-account deficit increased to $116.8 billion in the first quarter of 2017. The deficit increased to 2.5% of current-dollar gross domestic product (GDP), up from 2.4% in the fourth quarter of 2016.
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"Crossing The Border In 2017: How In‐House Attorneys Can Keep Businesses Out Of Hot Water With The BEA," by Robert Schechter and Christopher Schultz.

2017 began with a new U.S. president, the slow installation of a new cabinet, and an immediately heightened focus on the U.S. borders. To stay out of the crosshairs of the current administration and the Federal agencies that work at its direction, in-house counsel, finance and compliance groups are looking for guidance from those professionals who are staying attuned to the evolving regulatory requirements for cross-border business matters.

Visit our site to access the full article.
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Today the US. Bureau of Economic Analysis (BEA) released the report, " U.S. International Trade in Goods and Services: February 2017."

The BEA announced that the goods and services deficit decreased in February, to $43.6 billion. The month's exports totaled $192.9 billion; imports were $236.4 billion.

This decrease in goods and services reflected a decrease in the goods deficit of $4.6 billion and an increase in the services surplus of less than $0.1 billion.

Year-to-date, the goods and services deficit increased $2.8 billion (3.1%) from the
same period in 2016.
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Today the U.S. Bureau of Economic Analysis (BEA) released the report: "National Income and Product Accounts: Gross Domestic Product: Fourth Quarter and Annual 2016 (Third Estimate); Corporate Profits: Fourth Quarter and Annual 2016."

Real gross domestic product (GDP) increased at an annual rate of 2.1% in the fourth quarter of 2016. Real GDP increased 3.5% in the third quarter of 2016.

In this third estimate for Q4, the economic growth information remains largely the same, with the exception of a greater increase in personal consumption expenditures than previously estimated.
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The U.S. Bureau of Economic Analysis (BEA) has released the report, "U.S. Net International Investment Position, Fourth Quarter and Year 2016."

The U.S. net international investment position decreased by $302.3 billion, to -$8,109.7 billion, at the end of the fourth quarter of 2016. The decrease reflects a $954.8 billion decrease in U.S. assets and a $652.5 billion decrease in U.S. liabilities.
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Today the US Bureau of Economic Analysis (BEA) released the report, "State Personal Income, 2016."

Building on the 4.5% growth increase in 2015, state personal income grew an average of 3.6% in 2016. Growth ranged from –1.7% in Wyoming to 5.9% in Nevada. Earnings was the leading contributor to growth in most states, increasing 4.1% in 2016.
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The U.S. Bureau of Economic Analysis (BEA) has released the report, "U.S. International Transactions: Fourth Quarter and Year 2016."

The U.S. current-account deficit decreased to $112.4 billion (preliminary) in the fourth
quarter of 2016, from $116.0 billion (revised) in the third quarter of 2016.

Exports of goods and services and income receipts increased $4.0 billion in the fourth quarter,
to $804.0 billion. Imports of goods and services and income payments increased $0.4 billion, to $916.4 billion.
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