Weekly News Round Up: Obama Calls for Fairer Taxes; IRS Scammers Net $14 Million; and Student Loan Debt Bill
January 26, 2015
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 complied stories that highlight how President Obama is calling for efforts that will lower taxes for middle-class families. In addition, IRS impersonators have netted nearly $14 million dollars, and home construction could spark economic growth this year.
Obama Calls for Fairer Taxes in State of the Union
President Obama urged the Republican-dominated Congress to move ahead on tax reform to lower taxes on middle-class families during his State of the Union address last week.
Congressman Introduces Bill to Forgive Student Loan Debts During Bankruptcy
A lawmaker has filed legislation in Congress to allow student loan debt to be treated like other forms of debt that can be discharged in bankruptcy proceedings.
IRS Scammers Net $14 Million from 3,000 Victims
The pervasive IRS impersonation phone scam has claimed nearly 3,000 victims who have collectively paid over $14 million, according to a new warning from the Treasury Inspector General for Tax Administration.
Home Construction to Boost U.S. Economy in 2015
The U.S. economy will get a boost in 2015 from residential construction, with mortgage rates near record lows, an improving job market and gradually easing credit standards fueling the industry’s best year since 2007, according to a Bloomberg survey of economists.
Small and Midsize Accounting Practices Challenged by New Clients and Rules
Key challenges facing small- and medium-sized practices in the accounting industry worldwide have been identified as attracting new clients and complying with regulations and standards, according to a new survey by the International Federation of Accountants.
It’s Not the Technology
Jeff Bathurst, CIO of SC&H Group, was quoted extensively in this recent Accounting Today article that discusses how information security is mainly a “people issue.”