In the blogs: Roll the credits!
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When everybody wants returns; future CPAs; the lure of Tinseltown; and other highlights from our favorite tax bloggers.
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March Madness will produce winning wager surprises
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Changing rules on taxation of gambling winnings may produce some unexpected upsets.
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CFOs accelerate financial transformation during pandemic
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Over the last year CFOs and their teams have been forced to adapt and transform their business practices because of disruptions brought on by the pandemic.
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Wirecard ‘criminals’ duped us, says EY auditor
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An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor.
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Steinhoff insurers agree to pay $93M for legal claims
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Most of the insurers that provided the company with director-liability policies have agreed to pay as much as $93 million toward settlements resulting from a 2017 accounting crisis.
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Order and chaos: The trickiest parts of taxes this season
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Tax practitioners share the new issues that they’re keeping an eye on.
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Accounting groups push for longer delay to tax deadline
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The National Conference of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments.
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Tax credits do the dirty work of clean energy
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The Investment Tax Credit and the Production Tax Credit can provide value in the corporate climate under President Biden.
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Richest 1% hide a fifth of their income from the IRS
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More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated.
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The Black CPA Centennial: Meet the first Black CPA
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The son of a former slave, John W. Cromwell Jr. broke through a major barrier in the accounting profession in 1921.
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