Weekly News Round Up: States Hope for Big Holiday Sales Tax Haul; More Defense Mergers Coming; the Fiscal Crisis; and a NASDAQ for Nonprofits
December 2, 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 state tax collectors hoping for a big holiday sales tax haul, how more defense mergers are coming, and 10 celebrities who almost became accountants.
State Tax Collectors Hope for a Big Holiday Sales Tax Haul
With approximately 10 percent of annual sales taxes coming into state coffers in January from holiday season sales, state tax collectors are hoping for a big haul from taxes this year.
Defense Mergers May Be on the Way
With the pending retirement of the U.S. Deputy Secretary of Defense, many believe that we will be entering into an era of big defense mergers.
IRA and 401(k) Year-End Moves to Cut Taxes
As Investor’s Business Daily recently pointed out, there is still time to maximize the benefits you get from your retirement plans before year-end. Along these same lines, don’t miss out on the SC&H two-part webinar that will provide the insights that both companies and individuals need for year-end accounting and tax planning.
Rising Interest Rates Weigh on Real Estate Funds
A surge in interest rates this summer and concern they could increase further next year has spooked real estate investors.
Congressional Vacation Set to Create Another Fiscal Crisis
Congress will soon be forced to debate yet another short-term, stopgap bill to keep the government open, not because a budget deal can’t be reached, but because lawmakers haven’t left enough time to reach one.
A Brighter Future for M&A — But No Boom
2014 will bring some welcome relief to the past five years of M&A gloom. Deal activity is likely to stabilize and moderately increase.
Could There be a NASDAQ for Not-For-Profits?
A new idea is potentially being brought to life, which is creating the equivalent of a profit-driven stock market for the nonprofit sector.
10 Celebrity Almost-CPAs
Did you know that Mick Jagger, Bob Newhart, Robert Plant and other notable celebrities once considered pursuing careers as CPAs?