The firm is awaiting a ruling in a case involving a manufacturing company owner who sued the firm for fraud, negligence and other claims after the firm failed to advise him of a tax strategy. | | | Add your voice to this month's Accountants Confidence Index (ACI) | | Your participation helps us provide you and your peers with timely business data and information on economic conditions. We'll thank you with your choice of a $10 Amazon gift card or Direct Relief donation to support the nonprofit's ongoing work during the COVID-19 crisis. | |
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| AICPA announces 2020-21 Legacy Scholars → | | By Sean McCabe 2 min read | | The American Institute of CPAs granted $764,500 in academic scholarships to 150 students as part of its annual program for future CPAs. | |
| In the blogs: Still going viral → | | By Jeff Stimpson 3 min read | | Reopening the IRS; wording a referendum; the season that won’t end; and other highlights from our favorite tax bloggers. | |
| 4 steps to becoming a virtual firm → | | By Joshua Lance 5 min read | | If you've ever considered transitioning to a virtual model, now is a golden opportunity — but it should be done right. | |
| Trump fires back at Manhattan D.A.’s hint of a fraud investigation → | | By Bob Van Voris 2 min read | | President Donald Trump urged a judge to block a New York grand jury from reviewing his tax filings and disputed a suggestion by Manhattan District Attorney Cyrus Vance Jr. that the panel may be looking into bank and insurance fraud at the Trump Organization. | |
| China securities regulator sends new proposal on U.S. audits → | | By Charlie Zhu and Evelyn Yu 1 min read | | China’s securities regulator said it has sent U.S. authorities a fresh proposal about co-auditing Chinese firms, days after Washington moved to tighten rules for stock listings from the Asian nation. | |
| Trump says he’s ‘seriously’ mulling a capital gains tax cut → | | By Laura Davison and Mario Parker 2 min read | | President Donald Trump said he’s “very seriously” considering a capital gains tax cut, a move he decided against last September after saying it wouldn’t do enough to help the middle class. | |
| WEB SEMINAR | | Implementing a cloud-based digital tax workflow in time for 2021 | | Join this 60 minute CPE accredited panel discussion and gain insights into what it takes to successfully implement a cloud-based Digital Tax Workflow in time for 2021. We’ll also cover the many advantages of doing so with many shelter-in-place protocols still in effect due to COVID-19. Learn More → | |
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