Weekly News Round Up: The Election and Small Business Optimism; IPO Market to Rebound; and Personal Finance Tips for Retirees
October 17, 2016 - By: SC&H Group
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 the presidential election is impacting small business optimism. In addition, the IPO market could experience a resurgence, and the IRS is offering tax relief for victims of Hurricane Matthew.
Election Drags Down Small Business Optimism
Small-business owners’ optimism about the economy declined for a second straight month in September, reflecting uncertainty ahead of the presidential election, according to a new study.
Clinton Proposes Bigger Tax Credit for Parents of Young Children
Democratic presidential nominee Hillary Clinton is proposing to revamp and expand the child tax credit to provide more benefits for low-income families and for eligible families with children age 4 and under.
Tech Breathes New Life Into IPO Market
The sluggish IPO market is on track for one of its worst years since 2009, but a blockbuster tech deal could be the catalyst for a resurgent fourth quarter.
IMF Warns Weak Bank Profits Fueling Instability
Even though bank balance sheets are stronger than they were before the global financial crisis, a cyclical recovery won’t solve the problem of weak bank profitability, according to the International Monetary Fund.
SEC Enforcement Hits Records in 2016
The Securities and Exchange Commission reported that it has filed 868 enforcement actions related to financial reporting misconduct in fiscal year 2016 – a new single-year high.
IRS Offers Tax Relief for Hurricane Matthew Victims
The Internal Revenue Service is giving victims of Hurricane Matthew in North Carolina extra time to file their tax returns and make tax payments.
5 Personal Finance Tips for Retirees
The Motley Fool is offering these five personal finance tips for retirees.