Tax season is the time of year when every other tax professional is focusing on completing returns for their clients, leaving the marketing field open and ready for you to dominate. | White House proposes folding PCAOB into SEC by 2022 → | | By Michael Cohn 2 min read | | The White House’s latest budget blueprint proposes consolidating the functions and responsibilities of the Public Company Accounting Oversight Board into the Securities and Exchange Commission starting in 2022. | |
| The economics of diversity → | | By Gary Shamis and Ilana Isakov Katz 4 min read | | Investing in D&I is good for accounting firms’ bottom line. | |
| IRS urged to offer more cryptocurrency guidance → | | By Michael Cohn 4 min read | | The Internal Revenue Service could be doing more to help taxpayers who own Bitcoin and other forms of cryptocurrency to comply with their tax obligations, according to a new report. | |
| Senate Democrats introduce bill to eliminate GILTI tax loophole → | | By Michael Cohn 2 min read | | Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, and Sen. Sherrod Brown, D-Ohio, have introduced legislation to block the Treasury Department from providing a way for multinational corporations to choose the lowest available tax rate. | |
| Global tax reform could raise as much as $100B, OECD says → | | By William Horobin 2 min read | | Updating global tax rules could boost government revenue by as much as $100 billion, the Organization for Economic Cooperation and Development said Thursday in an effort to spur complex negotiations between world powers. | |
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