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Successful Landing for SpaceX Starship in Texas

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R&D Tax Credit for Design Expenses Rejected

(Accounting Web) - In a new Tax Court case, a clothing manufacturer could not claim the R&D tax credit for its process of designing garments.


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Biden’s $80 Billion Plan to Beef Up IRS Audits May Target Wealthy Small Business Owners 
(CNBC) - The proposal seeks a boost in enforcement staffing, technology and additional bank reporting, measures that may generate an estimated $700 billion in tax revenue over the next decade.

Small Business Jobs Grew Significantly in April 
(CPA Practice Advisor) -The Small Business Jobs Index increased 4.33 percent from March to 98.34 in April, a positive indicator of job growth returning to pre-pandemic levels.

Single Audit: Pandemic Aid and Major Program Determinations 
(JofA) - As pandemic relief adds to funding that needs to be considered in a single audit, it’s important to remember that the rules in the Uniform Guidance still prevail.

A Fancy Bottle Of Wine That Went To Space Can Be Yours For Perhaps A Million Dollars 
(NPR) - A bottle of "space-aged" Pétrus 2000, a luxury wine that recently returned from a 14-month spin on the International Space Station, can now be purchased via the auction house Christie's. It will be sold alongside a bottle of "terrestrial" wine from the same vintage for easy comparison.

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