DAILY BRIEFING

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June 11, 2021

Prepared for Voornaam

Tax Strategy: What’s new in the FY 2022 budget and the Green Book?

By Mark A. Luscombe      

An in-depth look at the Biden administration's tax plans for the next year. View story →

Biden's capital gains tax increase proposals make tax planning tougher

By Michael Cohn       13 min read

The proposed changes are worrying investors and their tax advisors, especially the possibility of making them retroactive. View story →

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Digital tax uncertainty worries PE/VC managers →

Even as they look to ramp up acquisitions, funds are worried about the potential impact of these much-discussed taxes.

What business clients should know about EINs

By Nellie Akalp       6 min read

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.  View story →

Tax Fraud Blotter: Jailhouse crocks

By Jeff Stimpson       6 min read

Two-state two step; primed for prison; contemptible; and other highlights of recent tax cases. View story →

Planful launches native AI/ML portfolio

By Ranica Arrowsmith       1 min read

Predict: Signals is the first in a range of native artificial intelligence and machine learning products to come from the company. View story →

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Billionaire tax leak referred to FBI, IRS says

By Laura Davison       2 min read

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators. View story →

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Bipartisan Senate group floats first change to gas tax since 1993

By Erik Wasson and Laura Litvan       3 min read

Republican and Democratic senators said they’re open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package. View story →

Deloitte sued over alleged role in Singapore trader collapse

By Chanyaporn Chanjaroen and Alfred Cang       3 min read

A failed oil trader in Singapore that owes creditors more than $3.5 billion is suing Deloitte & Touche LLP, alleging the auditing firm failed to detect “serious irregularities” in its financial statements for more than a decade. View story →

IRS crackdown on green tax break targets Atlanta accountant

By David Voreacos       1 min read

An Atlanta-area accountant was indicted on charges that he conspired to promote fraudulent tax breaks through land conservation deals that are the focus of a growing Internal Revenue Service crackdown. View story →

G-7's tax plans target world's richest after 40% wealth surge

By Ben Steverman, Laura Davison and William Horobin       6 min read

The leaders of the biggest Western economies are expected to endorse a plan that focuses on super-wealthy individuals and businesses. View story →

Bipartisan Senators craft infrastructure plan with no tax hikes

By Erik Wasson, Laura Davison and Laura Litvan       4 min read

Mitt Romney is helping lead lawmakers in creating a new proposal to present to the Biden administration. Read story →

Top House Republican to probe Duhnke's firing from PCAOB

By Robert Schmidt       1 min read

Rep. Patrick McHenry called the move "partisan," and called on the board and the SEC to preserve all relevant documents. Read story →

Armanino and Brown Smith Wallace to merge

By Daniel Hood       4 min read

The combination of the two Top 100 Firms continues Armanino’s national expansion. Read story →

Indiana Society of CPAs awards 2021-22 student scholarships

By Sean McCabe       1 min read

Five local students received $8,500 via the Indiana CPA Educational Foundation Scholarship, providing financial assistance on their road to CPA licensure. Read story →

Deadline extended: Accounting Today's 2021 VAR 100

By Ranica Arrowsmith       1 min read

Submissions will be accepted until June 14. Read story →

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