Weekly News Round Up: House Approves Budget Deal; Tax Prep Fees on the Rise; and Manufacturing on the Rise
December 16, 2013
Welcome to the Weekly News Round Up from the SC&H blog. Each week, we will be showcasing 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 new federal budget plan that would mitigate a future government shutdown, the GSA being unable to show savings from its outsourced leasing strategy, as well as ten personal finance tips from hip-hop songs.
House Approves Budget Deal Aimed at Averting Shutdown
A federal budget plan that would remove the threat of a government shutdown for two years won easy approval from the Republican-controlled U.S. House last week.
GSA Unable To Show Savings From Outsourcing Real Estate Leasing
A new report shows that the GSA’s initiative to let outside commercial real estate brokers negotiate a large portion of its leases is not helping save money. In addition, be sure to listen to our podcast with Ross Litkenhous, Principal with SC&H Group, about how the government moving away from leasing its properties is a bad thing.
Tax Prep Fees on the Rise
Tax practitioners will be charging more this year for tax preparation, according to an annual survey by the National Society of Accountants.
America’s Manufacturing Sector Continues to Show Momentum
According to the White house blog, President Obama has already taken significant steps to support America’s manufacturers by announcing nearly $250 million in funding to support four new manufacturing innovation institutes.
State Income Tax Laws Vary Widely for “Road Warriors”
USA Today shines a light on how state income tax laws vary widely for residents who live in one state, but work in another – making it a challenge for businesses to keep up with the varied regulations.
PCAOB: Deficiencies Found in Engagement Quality Reviews
A report released by the Public Company Accounting Oversight Board (PCAOB) found that audit firms may not be executing engagement quality reviews appropriately under a particular auditing standard.
Sprint Reportedly Considering Merger With T-Mobile
According to a new report, Sprint is considering a potential bid for rival wireless carrier T-Mobile.
The Top Stories in Tax in 2013
Accounting Today is offering its top tax stories for 2013.
10 Personal Finance Tips From Hip-Hop Lyrics
Beyond sonic displays of reckless spending, hip-hop can be a surprising source of sound financial advice, according to Forbes.