$7.2M in SBA coronavirus aid went to family’s fake farms

The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

.2M in SBA coronavirus aid went to family’s fake farms


Billionaire Chris Rokos sues two firms for $72M over tax advice

Billionaire Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

Billionaire Chris Rokos sues two firms for M over tax advice


Bill.com intros product for HNW clients

The company’s offering is aimed at wealth management and accounting firms supporting high-net-worth clients.

Bill.com intros product for HNW clients


SEC plan could delist Chinese companies over auditing rules

At issue is China’s refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

SEC plan could delist Chinese companies over auditing rules


GASB proposes new implementation guidance on leases and more

The exposure draft covers leases, fiduciary activities and other topics.

GASB proposes new implementation guidance on leases and more


A focus on advisory services gave firms a leg up during pandemic

Accountants and tax pros have been crucial to helping small businesses get through COVID-19 so far, said Thomson Reuters’ Charlotte Rushton.

A focus on advisory services gave firms a leg up during pandemic


States want sales taxes in real time

A Massachusetts plan would make remittances automatic and immediate.

States want sales taxes in real time


More audits of the rich's tax returns could yield trillions

But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.

More audits of the rich's tax returns could yield trillions


In the blogs: Future shocks

Biden and Trump tariffs; e-commerce and the holiday season; afterlife; and other highlights from our favorite tax bloggers.

In the blogs: Future shocks


FAF names two board members to FASB

The foundation also appointed five new trustees.

FAF names two board members to FASB