Weekly News Round Up: Fed Eases Out of Quantitative Easing; Top 5 Accounting Trends; and Obamacare’s New Threat
November 3, 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 Federal Reserve has ended the quantitative easing stimulus program, while Obamacare faces new threats. In addition, the GASB has announced a standard that would require state and local governments to disclose information about property and other tax abatement agreements for the first time.
Fed Eases Out of Quantitative Easing
After six years of quantitative easing, the Federal Reserve has announced it has ended the stimulus program, expressing confidence that the U.S. economic recovery will continue despite signs of a slowdown in the global economy.
Top 5 Trends Shaping the Future of Accounting
According to a new study, there are ample opportunities for all accounting firms to boost productivity and profitability.
Obamacare Faces New Threat as U.S. Supreme Court Weighs Appeal
Two years after upholding the law by a single vote, the U.S. Supreme Court justices are weighing whether to hear a Republican-backed appeal that would block people in 36 states from getting tax subsidies to buy insurance.
IRS Adjusts Tax Rate and Deduction Levels for 2015
The Internal Revenue Service announced the annual inflation adjustments for tax year 2015 for more than 40 tax provisions, including the tax rate schedules, and other tax changes.
G&A Cost Management, Reimagined
A shift in recent years in the kinds of overhead costs companies are incurring demands a reconsideration of the way such costs are understood and managed, according to a new study.
GASB Proposes Disclosure of Tax Abatement Details
The Governmental Accounting Standards Board has released a proposed standard that would require state and local governments to disclose information about property and other tax abatement agreements for the first time.