DATA DRAFT

Virginia versus the rest

The Tax Foundation has a wealth of information comparing the states on different benchmarks. Here’s how Virginia ranks in a few tax areas, with No. 1 being most favorable or highest:

>> No. 26 for small business tax climate: How each state’s tax laws affect economic performance. The Commonwealth ranked highly for corporate tax and sales tax (at No. 6 on both). The best? Wyoming.

>> No. 35 for state revenue per capita: $4,841. Alaska wins by far at $19,686.

>> No. 9 for state individual income tax collections per capita: $1,254. Connecticut collects the most at $2,054.

>> No. 31 for state and local sales tax rates: 5.3 percent. This includes the mandatory local add-on sales tax of 1 percent. California’s comes in highest at 7.5 percent.

Want more? Visit http://taxfoundation.org. n

FARM PRODUCTS: GOING UP

CPAs serving Virginia’ s

farms have more numbers to crunch.

According to the 2012 Census of Agriculture, products from Virginia farmers saw a 29 percent jump in market value between 2007 and 2012 — equating to a $1 billion increase. That reflects a national trend showing a $395 billion boost during that time period.

Virginia’s farms need CPAs too! If you missed the feature on VSCPA members working in agriculture in the May/June issue of Disclosures, check it out at http://disclosures.vscpa.com. n

Don’t be a cyber target

Is your info in cyber space? According to the Identity Theft Resource Center (ITRC), there have been 4,579 recorded data breaches from 2005 through June 5, 2014. That equals 630,870,450 exposed records. What’s out there? Info that could potentially lead to identity theft, such as Social Security numbers, financial and medical information and email addresses and passwords. Visit www.idtheftcenter.org for more stats, information for consumers and businesses and victim help.

8 PERCENT: The number of large global companies using Big Data to stop security breaches

25 PERCENT: The number of companies by 2016 expected to enlist Big Data to stop breaches, according to a report from Gartner n

>> BY THE NUMBERS

23.4 percent

The increase in the number of criminal prosecutions by the U.S. Internal Revenue Service during the Obama administration over Bush administration levels. This number is still lower, however, than prosecution levels in 1993. n