Weekly News Round Up: Consumer Prices Rise; Democrats Aim to Reduce Corporate Inversions; and New Free Lunch with Personal Finance
February 29, 2016
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase audit, tax, and consulting news to keep you informed about the current stories and events impacting the accounting and business landscape – and ultimately your financial obligations.
This week, we highlight how U.S. consumer prices rose in January, and House Democrats introduced legislation aimed at reducing corporate tax inversions. In addition, retail CFOs are challenged in 2016, and sometimes, free advice is not always ideal when it comes to personal finances.
Core U.S. Consumer Prices Rise 0.3 Percent
Companies are getting a boost in their pricing power, as much of the country’s consumer prices rose in January – the most in more than four years, according to the Department of Labor.
Democrats Introduce Earnings-Stripping Legislation to Reduce Corporate Inversions
House Democrats have introduced legislation to reduce the number of corporate tax inversions by clamping down on the strategy of earnings stripping.
Retail CFOs on 2016: Down, But Not Out
CFOs of retail companies have fairly tepid views on business prospects for 2016, following a poor year that was capped by disappointing holiday-season sales. As a result, according to a new study, three quarters said they expect sales to increase this year, but on average they pegged the increase at only 3.4 percent.
FASB EPS Standard Mostly Worked
A post-implementation review of the Financial Accounting Standards Board’s 1997 standard on earnings per share found the standard generally achieved its purpose.
Man Faces Charges for Cursing Out IRS
A taxpayer has been charged with mailing a threatening communication after he responded to a notice from the Internal Revenue Service about overdue taxes by scribbling a profanity on the letter and mailing it back to the IRS.
16 Middle-Market Trends to Watch in 2016
Although the big picture for middle-market M&A may be dimming, there are still lots of bright spots in 2016, including the lower middle market, according to Mergers & Acquisitions Magazine.
Personal Finance: Sometimes Free Advice is Not Worth It
Check out this first-person perspective on how it’s not always best to seek out free advice when it comes to personal finance.