Expertise Beyond the Numbers

Weekly News Round Up: Tax Reform Updates; SEC New Rules for Mini IPOs; and Millennials File Taxes Early

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 have a couple of stories about tax reform, as well as news of the SEC approving mini public stock offerings for smaller companies. In addition, a new study found that Millennials were more likely to file their taxes early.

Tax Reform Coming, But Not Until 2017

While tax executives last year were hopeful that a Republican-controlled House and Senate would finally lead to federal corporate tax reform, this year they believe President Obama would veto any legislative attempts, according to the 2015 Tax Policy Forecast Survey.

U.S. House Panel Advances Estate-Tax Repeal

The 99-year-old U.S. estate tax would disappear under a bill approved Wednesday by the House Ways and Means Committee.

IRS Publishes List of Federal Agencies Whose Workers Are Delinquent on Taxes

Employees at the U.S. Department of Housing and Urban Development and the Government Printing Office are among the federal workers most likely to be delinquent on their taxes, according to government data released last week.

SEC Approves New Rules for ‘IPO Lite’ Offerings

The Securities and Exchange Commission (SEC) approved new rules for mini public stock offerings, which aims to make it easier for small and mid-sized companies to raise capital.

SASB Releases Sustainability Standards for Resource Industries

The Sustainability Accounting Standards Board has released a set of provisional sustainability accounting standards for “resource transformation” industries such as aerospace and chemicals.

Finance Execs See Chip Cards as Anti-Fraud Boon

With issuers and retailers preparing to switch to anti-fraud, chip-based credit cards in October, 92 percent of finance professionals believe the technology will be effective in preventing point-of-sale fraud, according to a new study. 

Millennials Most Likely to File Taxes Early

The Millennial generation is the most diligent when it comes to filing their taxes early, according to a new survey.