Weekly News Round Up: Obamacare Summer Showdown; Employers and 401(k) Contributions; and Most American Regret Financing Their Educations
May 11, 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 that there may be another Obamacare showdown on Capitol Hill this summer. In addition, a new study shows that employers plan to increase their 401(k) contributions, and 17 U.S. states now require high schools to teach personal finance.
Senate Targets Obamacare With Budget Resolution
The Senate recently passed the first joint budget resolution in more than five years, a nonbinding budget blueprint meant to enable a summer debate over the repeal of Obamacare.
Accounting Ethics Board Proposes Global Standard for Whistleblowing
The International Ethics Standards Board for Accountants has proposed a standard for auditors when they come across an act or suspected act of non-compliance with laws and regulations.
Private Sector Added 169,000 Jobs in April
A new report shows that private sector employers added 169,000 jobs in April, as low oil prices and a strong dollar slowed down the hiring pace.
Employers Plan to Bump Up 401(k) Contributions
Defined contribution plans are “here to stay,” but employers are increasing their share of contributions, according to a new report.
AICPA Survey: 68 Percent of Americans Regret How They Financed College
A new AICPA survey found that an increasing majority (68 percent) of Americans with loans or whose children have loans expressed some regret about the way they paid for that education.
Millennials Cite Stagnant Pay as Top Reason for Quitting
Minimal wage growth is the top reason why U.S. millennials quit their jobs, according to a new survey.
High Schools Are Finally Beginning to Require Personal Finance Courses
According to the Council for Economic Education, 17 states in the U.S. now require that students at public high schools take a personal finance class before they graduate.