Tax pros share what they’re telling clients about relief for the jobless during the pandemic. | Art of Accounting: New partner responsibilities → | | By Edward Mendlowitz, Sidney Kess 8 min read | | It's not just about higher status and more pay: There is plenty for new partners to know and do, and unfortunately many firms do not have any training for them. | |
| Wayfair at 2: The complexity continues → | | By Daniel Hood | | With the landmark Supreme Court decision marking its second anniversary, Avalara's Scott Peterson and Liz Armbruester dive into its origins -- and its many, many ramifications. | |
| M&A roundup: Anders and Adams Brown expand → | | By Michael Cohn | | Anders CPAs + Advisors plans to merge in Cummings, Ristau & Associates at the end of June; and Adams, Brown, Beran & Ball has acquired the Jonesboro, Arkansas, office of EGP. | |
| Tech companies rejected by top court on tax breaks → | | By Greg Stohr and Laura Davison 2 min read | | The U.S. Supreme Court refused to question a ruling that technology companies including Facebook Inc. and Google say will cost them billions of dollars in taxes by limiting deductions for stock payments to employees. | |
| Wirecard fights for survival as billions may not exist → | | By Chanyaporn Chanjaroen 4 min read | | Wirecard AG was left fighting for survival after acknowledging that 1.9 billion euros ($2.1 billion) that it had reported as assets probably don’t exist, deepening an accounting scandal that has rattled Germany’s financial industry. | |
| SEC chief urged to drop U.S. Attorney bid amid political battle → | | By Robert Schmidt and Ben Bain 4 min read | | U.S. Securities and Exchange Commission Chairman Jay Clayton was surprised and dismayed by the political battle that quickly erupted over his pending nomination to be the top federal prosecutor in New York, said people familiar with the matter. | |
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