Weekly News Round Up: Delays in Tax Filing Season; Supreme Court and ACA Tax Credits; and Investor Activism to Increase
November 10, 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 compiled stories about how the IRS Commissioner John Koskinen fears delays in the upcoming 2015 tax-filing season. The Supreme Court will be reviewing a challenge to the tax subsidies allowed under the Affordable Care Act. In addition, the White House is offering a number of personal finance tools to help you make smart financial decisions.
IRS Commissioner Koskinen Fears Delay in Tax Filing Season
According to IRS Commissioner John Koskinen, you can probably expect a delay in the upcoming 2015 tax filing season…thanks mostly to Congress.
Supreme Court to Review ACA Tax Credits
Last week, the U.S. Supreme Court agreed to review a challenge to the tax subsidies allowed under the Affordable Care Act, a critical aspect of the law meant to help uninsured individuals better afford health care coverage.
SBA Approves Record $19B in 7(a) Loans
The U.S. Small Business Administration enjoyed another banner year in fiscal 2014, approving a record $19.19 billion in loans under its 7(a) program, a 7.4 percent increase on last year.
Investor Activism Expected to Substantially Increase
More than half of senior corporate executives and activist hedge fund managers expect a “substantial” increase in shareholder activism over the next 12 months, with particular attention being paid to management quality and growth strategies, according to a new survey.
SEC’s Schnurr Looking into IFRS
The new chief accountant of the Securities and Exchange Commission told attendees at a conference last week that he hopes to make a recommendation in the next few months on whether the SEC should move toward switching U.S. companies to IFRS.
Have Non-GAAP Metrics Come of Age?
In a gradual shift from decades of skepticism about corporate financial metrics that depart from generally accepted accounting principles, regulators have come to see non-GAAP measurements in a more positive light.
Personal Finance Recommendations from The White House
The White House is offering these tools that can help you make smart personal finance decisions and protect your hard-earned income.