Weekly News Round Up: Wholesale Prices Jump; PC Sales Continue to Drop; AICPA Funds Assurance Research; and M&A Integration Success
July 25, 2016
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 wholesale prices increased to their highest level in more than a year, and PC sales continue to drop. In addition, we offer insights into successful M&A transitions, as well as a book review of “The Index Card: Why Personal Finance Doesn’t Have to Be Complicated.”
Wholesale Prices See Largest Jump in More Than a Year
Prices on U.S. goods and services rose 0.5 percent in June, the steepest increase in more than a year and reflective of rising energy and food prices, according to the Labor Department.
Slow-to-No Business Investment Growth Seen
Business investment is slowing down dramatically amid a sputtering global economy, heightened political uncertainty, a contraction in trade, and low commodity prices, according to the Equipment Leasing & Finance Foundation.
Worldwide PC Sales Fall Again, But Less Than Expected
Shipments of personal computers worldwide fell for the seventh straight quarter, but the decline was less than expected.
U.S. Corporate Tax Directors Have a Hard Time Adjusting to BEPS
Tax executives at U.S.-based multinational companies are having a hard time adjusting to the new rules demanded by the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting plan, also known as OECD BEPS, according to a new survey.
AICPA Will Finance Assurance Research
The American Institute of CPAs is planning to fund academic research on audit and assurance services.
Using M&A to Increase Your Capacity for Growth
Here’s an insightful article from Harvard Business Review that discusses how to best manage post acquisition integrations.
Book Review: Personal Finance Simplified for Everybody
The National offers this book review of “The Index Card: Why Personal Finance Doesn’t Have to Be Complicated.”