Leaders of the House Ways and Means Committee want the Internal Revenue Service to assist taxpayers who are getting information returns in the mail for unemployment benefits they never received.
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February 24, 2021
Upcoming Events February 24, 2021
Daily Briefing
Congress asks IRS to help ID theft victims with stolen unemployment benefits
By Michael Cohn      3 min read
Leaders of the House Ways and Means Committee want the Internal Revenue Service to assist taxpayers who are getting information returns in the mail for unemployment benefits they never received.
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SEC suspends ex-KPMG auditors over audits of defunct college
By Michael Cohn      3 min read
The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.
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Tax deadlines extended for victims of Texas weather
By Jeff Stimpson      3 min read
Following the disaster declaration by FEMA, the IRS is able to offer all sorts of relief to Texans.
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Global tax leaders see extra risks from pandemic
By Michael Cohn      5 min read
Governments around the world are confronting budget deficits due to the COVID-19 pandemic and corporate tax leaders are worried about higher tax assessments, double taxation, penalties, interest and surcharges.
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Tax refunds and stimulus checks: What advisors say clients should do now
By Lynnley Browning      4 min read
A COVID-wrecked economy has changed the calculus for some financial planners.
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2021 is already presenting early complications for next tax season
By Shaun Hunley      3 min read
Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.
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Intuit boosts e-commerce capabilities with acquisition
By Ranica Arrowsmith      2 min read
Intuit has acquired OneSaas, provider of e-commerce data integration software, and plans to accelerate the integration of third party e-comm solutions with its QuickBooks platform.
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Trump taxes, long guarded, will soon be in prosecutor’s hands
By Greg Farrell and Greg Stohr      5 min read
Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him.
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U.K. watchdog puts more space between ‘Big Four’ units
By Hugo Miller      2 min read
The U.K.’s accounting regulator introduced fresh recommendations to put further distance between the Big Four accounting firms and their consulting arms ahead of their impending split.
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White House will give small firms two-week exclusive PPP access
By Mario Parker, Mark Niquette and Laura Davison      3 min read
The Biden administration will give exclusive access to the Paycheck Protection Program to the nation’s smallest businesses for two weeks as part of a broader effort to steer federal aid to the most vulnerable parts of the economy.
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RESOURCES
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Case Study in Growth: More Profitable Sales Tax Services
The COVID pandemic, along with many changes due to the rise of economic nexus, has increased the burden and complexity of managing sales tax compliance for many clients.
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Lease accounting for private companies: A guide to the first 90 days →
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The 2020 EY and LeaseAccelerator global lease accounting survey results →
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