Weekly News Round Up: Mid-Market Companies Hit By Higher Taxes; IRS PTIN Renewal Season is Open; and Being a Personal Finance Nerd
October 20, 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 a new study showing that middle market companies saw their taxes increase last year, and how the FASB is reviewing its share-based payments standard. In addition, we have some insights that only a “personal finance nerd” would understand and appreciate.
Middle Market Companies Hit By Higher Taxes
According to a new study, middle market firms saw their taxes increase last year, which is being attributed to the American Taxpayer Relief Act of 2012.
FASB Reviewing Share-Based Payments Standard
Responding to concerns that the accounting for share-based payments to employees is too complex and costly for companies to apply, the Financial Accounting Standards Board has agreed to look into ways to improve the standard adopted in 2004.
PTIN Renewal Season Open
The IRS announced that professional tax preparers can now register for or renew their PTINs on IRS.gov.
Fed Set to Adopt Risk Retention Rule
After a three-year rulemaking process, the U.S. Federal Reserve is poised to adopt the final version of a new rule for retention of credit risk in securitizations. The rule was mandated by Congress after the global financial meltdown.
PCAOB Calls for Research Candidates
The Public Company Accounting Oversight Board announced that it is accepting applications for research fellowships for next year.
10 Things Only Personal Finance Nerds Would Understand
Are you a personal finance nerd? Check out this top 10 list from The Motley Fool, and see if you qualify.