Weekly News Round Up: CFOs Bullish, Yet Bearish; Healthcare and Cybersecurity in 2017; and Millennials Living with Their Parents
January 16, 2017
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how CFOs are optimist, yet unclear, about the future under the Trump administration. In addition, we look at healthcare in 2017, the risks and opportunities of cybersecurity that lie ahead, and how living with their parents may be a financially smart thing for Millennials.
Bullish on the Economy, Bearish on Expectations
CFOs are optimistic about the U.S. economy under a Trump administration, but are unclear on how their companies will benefit, according to new data.
A Look at Healthcare in 2017
In the healthcare arena, 2017 is shaping up as one that’s likely to be filled with uncertainty, opportunity, and change, according to this CFO Magazine article.
Wages Post Biggest Gain Since Recession
Employers added fewer jobs than expected in December but the economic recovery passed a major milestone as the average hourly wages of U.S. workers showed the biggest annual gain since June 2009.
Cybersecurity Report for Trump Includes Benefits for Businesses
Cybersecurity poses both a major risk mitigation challenge and a software development business opportunity for U.S. companies during the Trump administration, according to Bloomberg BNA.
Low Effective Tax Rates Don’t Signal Excess Risk: Study
Contrary to common opinion, there’s no evidence that a low effective tax rate is a sign of risky corporate management, according to a new study.
IRS Awards to Whistleblowers Grew Last Year
The Internal Revenue Service’s Whistleblower Office ramped up the number of monetary awards it gave to tax tipsters last year, according to a new report.
Why Millennials Are Smart (Not Entitled) for Living with Their Parents
Nearly 40 percent of Millennials are now living at home, and many experts say that this is a financially smart option.