Weekly News Round Up: CFOs Bullish About U.S. Economy; Business Willing to Pay Higher Taxes; and Logistics M&A Increasing

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 of middle-market companies continue to be bullish about the U.S. economy, while the global economy is experiencing volatility. In addition, the logistics and trucking sectors are experiencing an M&A boom.

CFOs More Bullish About U.S. Economy

CFOs of middle-market companies continue to become more confident about the U.S. economy, according to a new study.

ACCA and IMA See Decline in Global Business Confidence

The global economy is facing a period of volatility and major readjustments, according to a new survey from the Association of Chartered Certified Accountants and the Institute of Management Accountants.

Private Sector Added 185,000 Jobs in July

Private sector employers added 185,000 jobs last month, according to a new report, indicating some slackening in job growth.

Businesses Willing to Pay Higher Taxes if Rules Are Clarified

A majority of business leaders wouldn’t mind if their companies paid more taxes — as long as tax authorities were more upfront and transparent about what is acceptable, according to a new study.

Congress Extends Limitations Period for Overstated Basis Returns

Congress has effectively overruled the Supreme Court in extending the statute of limitations for auditing certain types of tax returns.

SEC Adopts CEO Pay Ratio Disclosure Rule

The Securities and Exchange Commission has adopted a final rule requiring public companies to disclose the ratio of the compensation of their CEOs to the median compensation of their employees.

Logistics M&A Wave to Continue

The logistics and trucking sectors should see the recent wave of deal-making continue, as an improving U.S. economy and low fuel prices make companies that move goods more attractive, according to a new study.