Wirecard ex-CEO Braun leaves lawmakers hanging in hearing

Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed.

Wirecard ex-CEO Braun leaves lawmakers hanging in hearing


Congress blasts IRS for limits on forgiven PPP loan tax breaks

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

Congress blasts IRS for limits on forgiven PPP loan tax breaks


Tax Fraud Blotter: Fast, fuel, FEMA and fraud

Drug money; Phoenix descending; stepping down; and other highlights of recent tax cases.

Tax Fraud Blotter: Fast, fuel, FEMA and fraud


IRS makes final push before stimulus payment deadline

The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.

IRS makes final push before stimulus payment deadline


Intuit introduces HubSpot for QuickBooks

The offering brings CRM directly into the QuickBooks Online environment.

Intuit introduces HubSpot for QuickBooks


SEC relaxes MD&A disclosure requirements

The Securities and Exchange Commission voted to amend the disclosure requirements in the Management’s Discussion and Analysis portion of financial reports.

SEC relaxes MD&A disclosure requirements


PCAOB aligns auditor independence rules with SEC

PCAOB aligns auditor independence rules with SEC

PCAOB aligns auditor independence rules with SEC


M&A roundup: Baker Tilly, ABIP and Benning expand

Baker Tilly is acquiring Brown Adams Agbayani; ABIP CPAs & Advisors is combining with Parr & Associates; and Benning Group is merging in Boeke & Associates.

M&A roundup: Baker Tilly, ABIP and Benning expand


Taxaroo adds Spanish workflows, referral program to software

The referral program is particularly timely in the age of COVID, as digitally enabled sales interactions have become twice as important as prior to the pandemic, according to a McKinsey report.

Taxaroo adds Spanish workflows, referral program to software


IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire

The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.

IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire