Weekly News Round Up: Rise in Global Business Confidence; Trump-Related Malware; IRS Phone Scams; and Credits for Microbreweries
October 24, 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 the rise in global business confidence, and how industrial production has increased. In addition, watch out for election-themed malware threats, and there’s a new tax credit for microbreweries in New York City.
ACCA and IMA See Rise in Global Business Confidence
Global business confidence reached a 12-month high in the third quarter of the year, according to a new poll by the Association of Chartered Certified Accountants and the Institute of Management Accountants.
Industrial Production Rises 0.1 Percent in September
U.S. industrial production rose slightly last month, improving on August’s unexpected decline but still showing the effects of low energy prices and the strong dollar.
Trump-Themed Malware Dominating Threat Campaigns this Election Season
Dark Reading is urging Internet users to be extra cautious about the sites they visit and the actions they take online to mitigate the threat from heightened election-related malware efforts.
GASB Proposes Guidance for Other Postemployment Benefit Plans
The Governmental Accounting Standards Board issued an exposure draft of a proposed implementation guide of questions and answers meant to clarify, explain or elaborate on the requirements of GASB Statement No. 74.
AICPA Announces 2016 Leadership Academy Graduates
The AICPA recently announced the graduating class of the 2016 AICPA Leadership Academy.
Microbreweries Get Credits in New York
New York recently passed A.B. 1719, offering small breweries in New York City a tax credit of 12 cents per gallon produced, up to a maximum of 500,000 gallons, with an additional credit of 3.68 cents per gallon for production up to 15 million gallons.
IRS Phone Scams Are Very Successful, Unfortunately
According a recent CNBC story, telephone scammers continue to run very successful “businesses” posing as Internal Revenue Service agents.
4 Personal Finance Tips for New Homeowners
Motley Fools is offering these personal finance tips for first-time homeowners.