Trump got ‘unusual’ payments from Vegas hotel in 2016, NYT says

Donald Trump received $21 million in “highly unusual” payments from a Nevada hotel in 2016 as his presidential campaign was struggling for cash, the New York Times reported.

Trump got ‘unusual’ payments from Vegas hotel in 2016, NYT says


House Republicans introduce bill to extend Trump tax cuts and add tax breaks

Rep. Kevin Brady and House Republican Leader Kevin McCarthy, introduced legislation to extend a number of tax breaks in the Tax Cuts and Jobs Act of 2017, and add some more .

House Republicans introduce bill to extend Trump tax cuts and add tax breaks


Democrat bill would make payroll tax deferral optional for federal workers, military

Sen. Chris Van Hollen, D-Maryland, and 16 other Senate Democrats introduced legislation Friday to make President Trump’s payroll tax deferral optional for federal employees and military service members.

Democrat bill would make payroll tax deferral optional for federal workers, military


Remote workers may provide tax savings for employers

A distributed workforce may lower an organizations tax obligations in some jurisdictions.

Remote workers may provide tax savings for employers


SBA and Treasury simplify forgiveness of PPP loans under $50K+

The U.S. Small Business Administration and the Treasury Department are making it easier for companies to get their Paycheck Protection Program loans of $50,000 or less forgiven.

SBA and Treasury simplify forgiveness of PPP loans under K+


People & firms on the move: Gettry Marcus names tax practice partner-in-charge

BKD promotes 65; EY appoints two office managing partners; and more CPA news.

People & firms on the move: Gettry Marcus names tax practice partner-in-charge


Three steps for improving client cash flow

Providing your clients with tangible actions they can take to improve cash flow may be one of the most important and impactful pieces of advice you can give.

Three steps for improving client cash flow


Tax Fraud Blotter: Brazen attempts

Lost Horizon; crimes of Misdemeanor; Strachans plea; and other highlights of recent tax cases.

Tax Fraud Blotter: Brazen attempts


Coronavirus worries corporate audit committees

Disclosures in financial statements and SEC filings about the current and potential impacts of COVID-19 are a major concern.

Coronavirus worries corporate audit committees


IRS changes procedure for reporting tax shelters

The Internal Revenue Service is temporarily allowing taxpayers who engage in so-called “reportable transactions,” typically tax shelters, to fax the Form 8886 for initially disclosing them to the IRS instead of mailing in the form.

IRS changes procedure for reporting tax shelters