| The Internal Revenue Service is increasing the inflation-adjusted amounts of the Child Tax Credit and Earned Income Tax Credit for this year in accordance with the latest coronavirus relief package. | AICPA, NASBA to unveil new CPA Evolution curriculum in June | | By Sean McCabe 2 min read | | The American Institute of CPAs and the National Association of State Boards of Accountancy will showcase the new accounting education framework — which introduces more future-forward concepts to CPA candidates — during a free, online launch event. | |
| Botkeeper partners with Xero | | By Ranica Arrowsmith 1 min read | | Xero client data can now be fed into Botkeeper's bookkeeping platform for reconciliation. | |
| Biden to propose tax hikes, $80B for audits of rich | | By Laura Davison 2 min read | | President Joe Biden’s coming tax package will feature an end to a major benefit for wealthy estates that drastically minimizes the levy for inheritors, along with a bump up in the top income tax rate and funding for strengthened IRS auditing, according to a person familiar with his proposal. | |
| Biden unveils massive family aid plan | | By Nancy Cook and Justin Sink 5 min read | | The sweeping $1.8 trillion plan would be funded in part by the largest tax increases on wealthy Americans in decades. | |
| WEB SEMINAR | | A people-driven approach to finance automation | | Think finance transformation requires big, sweeping technology implementations? Think again. What truly meaningful transformation requires is commitment from everyone—top to bottom— to share in the belief that they can truly adapt to the changing ways of work. | |
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