IRS criminal investigation chief announces retirement; Connecticut Society of CPAs and FEI install new boards of directors; and more CPA news.

People & firms on the move: Baker Tilly appoints consulting MP

As an accounting professional, these are tough days. But that doesn’t mean your practice can’t grow during this season.

7 ways to grow your accounting practice, even in a down economy

France held firm on its plans to resume collection of a national digital tax that hits technology giants including Amazon.com Inc., Alphabet Inc.’s Google and Facebook Inc., saying it wouldn’t be swayed by threats of U.S. sanctions.

U.S. tariff threat isn’t swaying France on taxing tech giants

Donald Trump scored a tactical victory from the Supreme Court that will likely keep his personal financial records out of public view through the November election, but he framed Thursday’s two rulings as a loss imposed by his enemies.

Trump scorns court on tax rulings while records stay private

Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases.

Tax Fraud Blotter: Laundry day

The Internal Revenue Service has released final regulations on deductions for two of the international tax regimes introduced under the Tax Cuts and Jobs Act of 2017: foreign-derived intangible income (FDII) and global intangible low-taxed income (GILTI) for U.S.-based multinational corporations.

IRS issues final rules on FDII and GILTI deductions

The American Institute of CPAs’ Auditing Standards Board has released a new standard for audit evidence for private companies, updating the existing standards in recognition of the increasing role that technology plays in audit procedures.

AICPA modernizes audit evidence standard for technology use

Meanwhile, the AICPA is working to come up with a uniform approach for the applications.

PPP forgiveness promises ‘a busy fall’ for accountants

Manhattan District Attorney Cyrus Vance could soon get his hands on President Donald Trump’s tax returns, but that doesn’t mean the public will see them.

Trump taxes likely going to Manhattan D.A., but maybe few others

By incentivizing businesses to rehire employees laid off or furloughed due to COVID-19, states will generate a faster economic recovery and provide valuable assistance for companies to get back on their feet.

State gov'ts should offer tax credits to businesses rehiring employees