A group of Democratic lawmakers, led by presidential candidate Sen. Elizabeth Warren, D-Mass., has written a letter to Internal Revenue Service commissioner Chuck Rettig asking him to enforce a recent law.
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January 30, 2020
Upcoming Events January 30, 2020
Daily Briefing
Democrats push IRS to protect low-income taxpayers from private debt collectors
By Michael Cohn      3 min read
A group of Democratic lawmakers, led by presidential candidate Sen. Elizabeth Warren, D-Mass., has written a letter to Internal Revenue Service commissioner Chuck Rettig asking him to enforce a recent law.
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Senate Republicans prod IRS to crack down on electric vehicle tax credits
By Michael Cohn      2 min read
A group of Republican lawmakers has sent a letter to Internal Revenue Service commissioner Chuck Rettig warning about misuse of the electric vehicle tax credit.
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Acumatica introduces new payroll module and more at annual summit
By Ranica Arrowsmith      1 min read
Acumatica began its annual user Cloud ERP Summit in Las Vegas this year with new product announcements, as well as the news of a new strategic alliance with firm network BDO.
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Gilded offers first open finance platform built on a blockchain
By Ranica Arrowsmith      1 min read
The platform offers accounting, payments and invoicing functionality.
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Avoid nanny tax headaches during tax season
By Guy Maddalone      5 min read
When your client employs someone to work in their home like a nanny, housekeeper or senior caregiver, they may owe household employment taxes or “nanny taxes.” A lack of preparation, knowledge and/or communication can cause unneeded stress during busy season.
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Prager Metis adds D'Arcangelo offices
By Michael Cohn      2 min read
The Top 100 Firm has expanded its presence in New York by adding three downstate offices from another firm.
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Danske’s EY auditors face disciplinary action for failures
By Frances Schwartzkopff      2 min read
Denmark’s business watchdog said it has brought two auditors before a disciplinary board after concluding they violated regulations while reviewing Danske Bank A/S, the lender caught up in Europe’s biggest money laundering scandal.
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Lawrence Summers wants to target the rich, but not through a wealth tax
By Rich Miller and Laura Davison      3 min read
The former Treasury Secretary proposed a suite of steps the U.S. government can take to raise trillions of dollars more in revenue from the rich without adopting a wealth tax.
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Slice of Apple’s Irish tax billions goes to other countries
By Aoife White, Dara Doyle and Stephanie Bodoni      2 min read
Apple Inc. reduced a massive back tax bill it must pay Ireland after other governments claimed a slice of the payment last year, according to regulatory filings.
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Guiding clients through the top regulatory issues of 2020
By Mike Trabold      3 min read
In the midst of an unpredictable election year, you can serve as a rock solid source of knowledge for your clients by closely tracking the top regulatory issues that are likely to shape the legislative and regulatory landscape over the next 12 months.
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