Apple wins fight over $14.9B tax bill in blow to EU

Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies.

Apple wins fight over .9B tax bill in blow to EU


In the blogs: COVID operations

Next round of relief — and infighting; challenges and pitfalls at the IRS; Biden’s ideas; and other highlights from our favorite tax bloggers.

In the blogs: COVID operations


Accountants and the 'next normal'

MACPA CEO Tom Hood shares insights on how firms can safely bring staff back to work amid the COVID-19 pandemic — and how the profession is going to be changed forever after the coronavirus.

Accountants and the 'next normal'


IRS previews changes in partnership forms for next year

The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.

IRS previews changes in partnership forms for next year


Extended, stressful tax season finally coming to an end

The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.

Extended, stressful tax season finally coming to an end


Tech news: XCM adds categories to workflow software, and more

Accounting Seed releases software upgrade, Chargebacks911 intros payment suite for banks and financial institutions.

Tech news: XCM adds categories to workflow software, and more


Monitoring Group proposes changes to int'l auditing and ethics standard-setting

IFAC, the IAASB and IESBA will remain involved in setting standards, but with changes in governance and composition.

Monitoring Group proposes changes to int'l auditing and ethics standard-setting


Xero announces recipients of inaugural 'Forward Fund'

Three students, as well as their nominating firms, will receive $10,000 each for representing the “next generation of accountants.”

Xero announces recipients of inaugural 'Forward Fund'


Avoiding tax services from audit firms proves initially costly for companies

Companies that don’t receive tax services from their auditing firms to avoid compromising auditor independence could end up paying more in taxes, at least temporarily, according to a new academic study.

Avoiding tax services from audit firms proves initially costly for companies


Advising clients hiring household help during the coronavirus pandemic

Here’s what CPAs and their clients need to know when hiring an employee.

Advising clients hiring household help during the coronavirus pandemic