Weekly News Round Up: American Corporations Pay More Tax Abroad; M&A Activity Set to Surge in 2014; IRS Instructions for Net Investment Income Tax

Welcome to the Weekly News Round Up from the SC&H blog.  Each week, we showcase a series of news stories that span everything from government contracting to personal finance to state and local tax issues.

This week, we have compiled stories about the IRS releasing instructions for the 3.8 percent Net Investment Income Tax, a new report predicting an M&A surge in 2014, and how accountants’ confidence remains uncertain.

IRS Finalizes Instructions for Net Investment Income Tax Form

The Internal Revenue Service has released the long-awaited final instructions for the 3.8 percent Net Investment Income Tax that was included as part of the Affordable Care Act.

Corporate America Pays Higher Tax Abroad

Many U.S.-based companies doing a lot of business abroad pay a good deal more taxes overseas than they do here, according to a new study.

Accountants’ Confidence Remains Uncertain

The accounting profession’s expectations for economic growth remained uncertain, with a slight boost in the short-term expectations of growth, but a slight decrease in the mid-term expectations, according to the February edition of Accounting Today’s monthly Accountants Confidence Index.

PCAOB to Hold Forum on Possible Changes to Auditor’s Report

A proposal by the Public Company Accounting Oversight Board (PCAOB) to enhance the auditor’s reporting model will be the focus of a public meeting the U.S. regulator will host on April 2 and 3 in Washington, D.C.

Enterprise Financial Planning Gets the Cloud Treatment from Oracle

Oracle has announced the general availability of its first enterprise performance management (EPM) solution offered in the cloud.

At HIMSS Conference, Patients Emerge as Driving Force for ‘Triple Aim’ of Healthcare

In his keynote address at the Healthcare Information and Management Systems Society’s 2014 conference, Aetna CEO Mark Bertolini called to move healthcare “as far away as possible from the hospital.”

M&A Set to Surge This Year

Global mergers and acquisitions may finally be on the upswing after a lethargic 2013, according to Deal Flow Indicator.