An appeal going before the Ninth Circuit questions the constitutionality of Code Section 280E.
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Best of the Week
June 6, 2020
Upcoming Events June 6, 2020
Cannabis case challenges non-deductibility of expenses
By Roger Russell      3 min read
An appeal going before the Ninth Circuit questions the constitutionality of Code Section 280E.
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Leading in a work-from-home environment
By Amy Vetter
Accountants are exactly the right kind of workers to thrive in a work-from-home environment. But how do team leaders manage their staff from afar?
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Senate passes changes to small business PPP loan program
By Erik Wasson, Laura Litvan and Mark Niquette     4 min read
The bill, which passed the House last week on a 417-1 vote, now heads to President Donald Trump’s desk for his signature.
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PCAOB releases inspection reports for six largest firms in new format
By Michael Cohn     2 min read
The Public Company Accounting Oversight Board issued inspection reports Monday for the six largest auditing firms in a new format with more graphs and charts.
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IRS isn’t working on cases involving high-income nonfilers who owe billions
By Michael Cohn     3 min read
The service hasn’t been doing enough to collect the taxes owed by hundreds of thousands of people who owe billions of dollars, according to a new report.
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McConnell seeks fast track to ease PPP rules for small business
By Erik Wasson and Mark Niquette     4 min read
Senate Majority Leader Mitch McConnell will attempt to expedite approval of changes to the popular Paycheck Protection Program aimed at giving small businesses more flexibility in using the money from the fund, according to Senate aides.
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Emerging technologies - The new guardians of trust for tax, audit & accounting
How will emerging technologies shape trust in Tax, Audit & Accounting industries moving forward?
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IRS to expand Virtual Settlement Days
By Jeff Stimpson     1 min read
The service is looking to go online to help more taxpayers who aren’t represented by counsel.
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NOL provisions in CARES Act could spur M&A activity
By Michael Cohn     11 min read
The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act.
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Tax automation: What’s the endgame?
By John Viglione     6 min read
How hybrid tax technology helps companies address cloud migration scenarios.
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In the blogs: A way forward
By Jeff Stimpson     2 min read
Stimulus vs. trash; donating and deducting services; the schedule of automated notices; and other highlights from our favorite tax bloggers.
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Local compliance in a global business environment: issues & challenges
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