Donor asks IRS to open fraud investigation into WE charity

A U.S. donor to Canada’s WE Charity said he has asked the Internal Revenue Service to open a fraud investigation into the organization after testifying that it took down a plaque on a Kenya school built to honor his dead son and replaced it with that of another donor.

Donor asks IRS to open fraud investigation into WE charity


Karbon raises $10M

A strategic investment will help the practice management software developer support its growth worldwide.

Karbon raises M


The risks of tax season

Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual.

The risks of tax season


IRS offers guidance on employee retention credit and PPP eligibility

The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program.

IRS offers guidance on employee retention credit and PPP eligibility


SASB moves forward on standard-setter consolidation

The board is finalizing a merger with the International Integrated Reporting Council, while watching efforts to establish a standard-setter overseen by the IFRS Foundation.

SASB moves forward on standard-setter consolidation


IRS faces delays, risks for tax season amid pandemic

The Internal Revenue Service needs to take action to avoid processing delays this filing season due to the COVID-19 pandemic, according to a new government report.

IRS faces delays, risks for tax season amid pandemic


Baker Tilly tops the charts in 2020 SEC audit clients

A major merger puts the firm in the lead at the end of a difficult year.

Baker Tilly tops the charts in 2020 SEC audit clients


Art of Accounting: Email etiquette

While email is the most expeditious way to communicate, we have to be mindful and thoughtful about what we choose to share before clicking send.

Art of Accounting: Email etiquette


Elizabeth Warren, other progressives propose ‘ultra-millionaire’ tax

Senator Elizabeth Warren, joined by Representatives Pramila Jayapal and Brendan Boyle, proposed a new wealth tax on households with a net worth of more than $50 million.

Elizabeth Warren, other progressives propose ‘ultra-millionaire’ tax


Democrats shelve minimum wage tax to speed work on stimulus

Senate Democrats are jettisoning a proposal to use the Tax Code to penalize corporations that don’t raise the minimum wage for their lowest-paid workers in an effort to keep President Joe Biden’s broader stimulus plan on track for quick passage, according to two people familiar with the matter.

Democrats shelve minimum wage tax to speed work on stimulus