Weekly News Round Up: IRS Tax Breach Bigger Than Expected; Deficiencies High in Audits of Broker/Dealers; and Teaching Kids About Investing
August 24, 2015
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 hackers stole IRS tax information from an additional 220,000 people. We also showcase the “friendliest” cities for small businesses and how to best teach your children about personal finance and investing.
IRS Says Thieves Stole Tax Info From Additional 220,000
A computer breach at the IRS in which thieves stole tax information from thousands of taxpayers is much bigger than the agency originally disclosed.
Deficiencies High in Audits of Broker/Dealers, PCAOB Finds
Almost nine in ten audits of broker/dealers examined in 2014 had deficiencies, according to a new Public Company Accounting Oversight Board report.
Hackers Accused in $100 Million Insider Trading Scheme
U.S. authorities have broken up an “unprecedented” cybercrime ring that used information stolen from corporate news services to generate more than $100 million in insider trading profits.
Deadline Coming for Most Highway Use Tax Returns
The IRS is reminding truckers and other owners of heavy highway vehicles that in most cases their next federal highway use tax return is due Monday, Aug. 31.
Behind Healthcare’s M&A Boom
Fortune Magazine is offering this detailed commentary behind the recent healthcare M&A boom.
Survey Ranks Friendliest States, Cities for Small Businesses
Texas, New Hampshire and Utah are the friendliest states to small businesses while New York and California rank among the least friendly, according to the fourth annual Small Business Friendliness Survey.
Teaching Kids ABCs of Personal Finance, Investing
USA Today is offering this Q&A interview with the author of a new book titled, “Blue Chip Kids: What Every Child (and Parent) Should Know About Money, Investing, and the Stock Market.”