| By Michael Cohn 3 min read | The Ways and Means Committee approved bipartisan legislation Wednesday to expand automatic enrollment, among other things. Read story → |
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| | By David Yaffe-Bellany 2 min read | House Democrats seeking Donald Trump’s tax returns argued that their subpoena should no longer be held to the same legal standards that applied when Trump was president. Read story → |
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| | By Jordan Fabian and Jennifer Epstein 2 min read | President Joe Biden said Wednesday he’s open to compromise to reduce his proposed hike in the corporate tax rate as he seeks to fund his sweeping infrastructure and jobs proposal. Read story → |
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| | By Allyson Versprille 4 min read | President Joe Biden’s plan to raise $700 billion over a decade from increased tax audits of the wealthy and corporations — a major funding source for his economic-investment proposals — will probably take years to bear fruit and faces skepticism that the figure is realistic. Read story → |
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| Getting paid by bank transfer without using paper checks or credit cards is as simple as 1, 2, 3. Read more → |
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| | By Michael Cohn 2 min read | The company's creative ways for accountants and tax pros to relax before the hectic deadline also include guided meditations. Read story → |
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| | By Christopher A. Steele, Jasmin Severino Hernandez 5 min read | With the tax recognition deadline of Dec. 31, 2026, still in place, taxpayers who wish to invest unrecognized gains in QOZs need to do so prior to Dec. 31, 2021, in order to obtain any step-up in basis benefit. Read story → |
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| | By Erik Wasson 5 min read | The fate of the administration’s $4 trillion economic vision now rests with the lawmakers in a narrowly divided Congress. Read story → |
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| | By Katia Dmitrieva 1 min read | The Penn Wharton Budget Model says the White House mistook the cost of its child-care and education policies. Read story → |
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| | By Kimberly Lochridge 3 min read | Business owners need to think carefully about whether to do a study before or after a rehab. Read story → |
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| | By Jeff Stimpson 3 min read | Possibly more on stretch IRAs; addressing the gap; the SALT cap and progressive taxation; and other highlights from our favorite tax bloggers. Read story → |
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| Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis. |
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| | | | | | RESOURCES | | WEB SEMINAR | | Tuesday, May 11, 2021 2:00 PM EDT | The journey toward a fully data-driven audit that utilizes AI begins by first effectively leveraging automation and analytics in your audit workflow. Learn More → | SPONSOR CONTENT FROM WOLTERS KLUWER | | WEB SEMINAR | | Thursday, May 27, 2021 2:00 PM EDT | In very different ways, blockchain and cryptocurrencies offer new opportunities to accountants. Learn More → | SPONSOR CONTENT FROM CPA.COM/LUKKA | | REPORT | | | This listing highlights a range of firms that are setting the standard for embracing technology Learn More → | SPONSOR CONTENT FROM RIGHT NETWORKS | More resources → |
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