Weekly News Round Up: Job Cuts Hit 14-Month Low; AICPA Opposes Tax Preparers Regulations; and 11 Future Personal Finance Terms
December 14, 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 planned corporate layoffs fell to its lowest level in 14 months. In addition, as part of her Presidential campaign platform, Hillary Clinton is proposing a crackdown on tax inversions, and we offer a glimpse into the future of personal finance.
U.S. Job Cuts Hit 14-Month Low in November
In another sign of a strengthening labor market, planned layoffs in November fell to the lowest level in more than a year, according to a new report.
74 Percent of Employers Exposed to ‘Cadillac Tax’
A new survey challenges the conventional wisdom that only especially generous employer health plans would be subject to the Affordable Care Act‘s “Cadillac tax” provision.
Clinton to Propose Crackdown on Inversions
Hillary Clinton is targeting corporate inversion deals with a proposal to impose an “exit tax” on U.S. companies that merge with corporations overseas to lower their tax liability.
AICPA Opposes Legislation to Regulate Tax Preparers
The AICAPA is objecting to a bill that was introduced in the House that gives the Internal Revenue Service the statutory authority to regulate tax return preparers.
Charities Concerned about IRS Proposal to Provide Social Security Numbers of Donors
Nonprofits are expressing concern about proposed regulations from the Internal Revenue Service and the Treasury Department that could give charities the option of providing Social Security numbers of donors who contribute more than $250 to their organizations.
Private Equity Sits Out 2015′s M&A Madness
Financial buyers this year have accounted for the smallest slice of U.S. mergers and acquisitions volume since 2009, according to a new report.
11 Terms You’ll Need To Know To Manage Your Wallet In The Future
Forbes Magazine is offering this list of new terms that will impact the future of your personal finance management.