Weekly News Round Up: Corporate Ratings Outlook Negative; CFOs Paying for Premium Talent; and Tax Cuts for Childless Workers
January 18, 2016 - By: SC&H Group
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 Standard & Poor’s negative outlooks on companies exceed positive ones, and CEO turnover reaches a six-month high. In addition, Bloomberg BNA is offering its 2016 “tax outlook,” and M&A activity is poised to remain strong this year.
Corporate Ratings Outlook Worst Since Crisis
Standard & Poor’s negative outlooks on global companies now exceed positive ones by the worst margin —11 percent — since the 2008-09 financial crisis.
CEO Exits Reach 6-Month High in December
Turnover among U.S. chief executive officers rose 33 percent to a six-month high in December, but total CEO departures for the year fell 9 percent, according to a new study.
Many CFOs Paying a Premium for New Talent
Many companies in the U.S. and Canada are willing to pay a premium as they recruit new talent in the finance field, according to a recent survey.
Obama Proposes to Expand Tax Cuts for Childless Workers
President Obama proposed to expand tax cuts for low-income workers who don’t have children during his State of the Union address last week.
IRS Debuts Taxpayer Identity Theft Video Series
The Internal Revenue Service has released the first of a series of YouTube videos providing information on how taxpayers can protect their tax and financial data.
Bloomberg BNA Offers 2016 Outlook on Tax and Accounting
Bloomberg BNA is releasing its annual report on the year ahead in tax and accounting, containing a collection of over 20 articles from its reporters on the outlook for tax legislation, international taxation, state taxes, Supreme Court tax cases, accounting standards and other topics.
Four Reasons 2016 Will Be a Strong Year For M&A
Forbes Magazine highlights four reasons why M&A activity will remain strong this year.