Here’s what CPAs and their clients need to know when hiring an employee. | What is the "new normal" for engaging customers in the wake of COVID-19? | COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief. | |
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| | Int'l task force sees success in cracking down on tax crimes | By Michael Cohn 4 min read | A group of five national tax authorities has been working together for the past two years on cooperating in the fight against tax crimes, with one man pleading guilty last week in Germany to fraud charges involving cryptocurrency. | | July 16 hearing set in N.Y. Trump tax case after Supreme Court ruling | By Bob Van Voris 2 min read | Donald Trump will get a chance next week to try new arguments against Manhattan District Attorney Cyrus Vance’s subpoena of his tax returns and other financial records after the U.S. Supreme Court rejected the president’s claim of immunity in the matter. | |
SPONSOR CONTENT | Advances in Tech Demo Event | Join this live 1-hour webinar and learn about some of the latest software and technologies in the accounting industry, which are helping our community move forward. Demos are followed by a live Q&A. Hosted by Accounting Today. | |
U.S. tariff threat isn’t swaying France on taxing tech giants | By Jenny Leonard, Saleha Mohsin and Alexander Weber 2 min read | France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions. | |
Trump scorns court on tax rulings while records stay private | By Justin Sink 4 min read | Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies. | |
Tax Fraud Blotter: Laundry day | By Jeff Stimpson 5 min read | Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases. | |
IRS issues final rules on FDII and GILTI deductions | By Michael Cohn 2 min read | The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations. | | WEB SEMINAR | The ‘no touch’ tax return | The reality of a ‘no touch’ tax return is closer than you think, and the technologies available today can help your firm and your clients get closer to that ideal. | |
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