Weekly News Round Up: U.S. Economic Recovery in 2015; CFOs’ Steady Outlook for Next Year; and IRS Budget Cut
December 15, 2014 - By: SC&H Group
Welcome to the Weekly News Round Up from the SC&H Group blog. Each week, we showcase a series of news stories that span everything from government contracting to personal finance to state and local tax issues.
This week, we have a story about several studies that point to a continued U.S. economic recovery in 2015, and another on CFOs also feeling optimistic. In addition, Congress has cut the IRS budget and we offer seven tips for smart retirement planning.
End-of-Year Economic Outlook: The U.S. Leads the Way
At the end of 2014, the U.S. may offer the best prospects for continued economic recovery, according to a recent survey.
CFOs Have Steady Outlook for 2015
With the improving U.S. GDP, lower energy prices and higher consumer demand, CFOs are heading into 2015 with a moderately optimistic outlook for the U.S. economy.
Congress Slashes IRS Budget Another 3 Percent
Congress has cut the Internal Revenue Service’s budget once again, reducing the tax agency’s fiscal year 2015 budget by 3 percent compared to this year’s funding level.
IRS Urged to Crack Down on Improper EITC and ACTC Payments
The Internal Revenue Service needs to do more to reduce the risk of improper payments of the Earned Income Tax Credit and the Additional Child Tax Credit, according to a new government report.
Congressmen Introduce Bill to Curb IRS Civil Asset Forfeitures
The Republican and Democratic leaders of the House Ways and Means Committee have introduced bipartisan legislation to protect taxpayers against the inappropriate use of civil asset forfeitures by the Internal Revenue Service.
Low Prices No Tonic for Oil and Gas CFOs
In a new survey, 45 percent of U.S. oil and gas CFOs said they expected low oil and gas prices to be their greatest financial challenge in the upcoming year.
Tony Robbins’ Seven Steps to Financial Freedom in Retirement
Here are seven financial planning tips from Tony Robbins, author of Money: Master the Game: 7 Simple Steps to Financial Freedom.