Weekly News Round Up: Congress Passes Tax Extenders Bill; Business Groups Support Obama on Cuba; and Equipment Investment to Increase
December 22, 2014
Welcome to the Weekly News Round Up from the SC&H Group 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 a story about the Senate passing a $42 billion package of tax incentives. We also highlight how business groups are supporting President Obama’s historic move with Cuba, and a new study shows that corporate investment in equipment and software will increase in 2015.
Congress Passes Tax Extenders
The U.S. Senate passed a $42 billion package of tax incentives, reviving dozens of lapsed breaks for 2014 and setting them to expire two weeks from December 17th.
Business Groups Welcome Obama’s Historic Cuba Move
U.S. business leaders appear to be lining up behind President Barack Obama’s historic move to normalize relations with Cuba, although the plan to erase one of the last vestiges of the Cold War is running into heavy resistance in Congress.
Equipment Investment to Grow 6 Percent in 2015
Corporate investment in equipment and software will grow 6 percent next year, driven by a steadily improving economy that should gradually loosen credit constraints and increase credit demand, according to a new survey.
SASB Proposes Sustainability Accounting Standards for Service Industries
The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for 10 industries within the services sector.
IRS Partners with Tax Preparer Groups, but Warns of Rogue Preparers
The Internal Revenue Service is joining with several national tax and accounting organizations to give taxpayers new options and tips on selecting reputable tax professionals and avoiding unscrupulous preparers.
Companies Adopting Cloud to Drive Client and Workforce Changes
More businesses are operating on the cloud than two years ago, with more transformational motivation on both the employee and client side, according to a new report.
Most Inspiring Personal Finance Stories of 2014
Yahoo Finance has taken a look back at 2014 and picked their top five most inspiring personal finance stories of the year.