Weekly News Round Up: ACA Ruling and Costs; Companies Need Risk and Compliance Help; and 212,000 Jobs Added in February
March 9, 2015 - By: SC&H Group
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 a story about how the potential ACA Supreme Court ruling could increase healthcare costs. In addition, a new report shows that many companies are slipping when it comes to risk management and compliance.
Supreme Court’s ACA Ruling Could Increase Health Costs
According to this CFO Magazine article, if the Supreme Court strikes down the employer mandate in 34 states, insurers would be forced to raise prices significantly.
Companies Dropping the Ball on Risk, Compliance
Forrester Research issued a scathing report on corporate readiness and predicts that even more companies will get nailed for lax controls this year.
Private Sector Added 212,000 Jobs in February
According to a new report, private sector employers added 212,000 jobs in February, but job gains were slightly weaker than in recent months, possibly because of the winter weather.
IRS Mulls Free Electronic Filing of Employment Tax Returns
The Internal Revenue Service is considering the possibility of allowing free electronic filing of employment tax returns.
U.S. Companies Are Stashing $2.1 Trillion Overseas to Avoid Taxes
Eight of the biggest U.S. technology companies added a combined $69 billion to their stockpiled offshore profits over the past year, even as some corporations in other industries felt pressure to bring cash back home.
FASB Proposes Accounting Standards Change for Nonprofits
The Financial Accounting Standards Board (FASB) recently voted to issue a proposed accounting standards update to improve the financial statements for not-for-profit organizations and asked for public comments.