Weekly News Round Up: SEC Smaller Reporting Company Rule; CFOs and CEOs Misaligned; and IRS Tax Season Stats
July 5, 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 the SEC is making it easier for companies to comply with small business reporting requirements. In addition, a new study shows a disconnect between CEOs and CFOs, and economic uncertainty is impacting IT spending.
SEC Proposes New ‘Smaller Reporting Company’ Rule
The U.S. Securities and Exchange Commission has proposed making it easier for registrants to qualify as “smaller reporting companies” subject to less stringent disclosure requirements.
CEOs and CFOs Are Misaligned on Strategy, Growth
According to a new study, there’s a disconnect between CEOs and CFOs regarding how to tackle problems related to profitability and growth.
IRS Plans to Set Security Standards for Tax Preparers
The Internal Revenue Service recently held a meeting of its Security Summit members to discuss progress on combating identity theft-related tax refund fraud this past tax season along with plans for next year, including a greater focus on education and new security standards for tax preparers.
Fewer Than Half of IT Orgs Adding Headcount
Economic uncertainty is impacting IT spending, particularly on new hires, according to a survey of more than 200 IT executives.
IRS Releases Tax Season Filing Stats
The IRS reported that it processed 134,387,120 returns from last season through May 26.
Medtronic to Acquire HeartWare for $1.1 Billion
Medical device maker Medtronic said it had agreed to acquire HeartWare International for about $1.1 billion, adding diagnostic tools and treatments for heart failure to its portfolio.
The 7 Habits of Highly Effective Investors
Here are seven simple ways to increase the odds of getting in and staying in good financial shape from Bloomberg.