Source Media

July 30, 2019

DAILY BRIEFING

DeVos wants IRS to provide income information on student loan borrowers

By Michael Cohn 3 min read

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

AICPA weighs in with IRS on excise taxes for donor-advised funds

By Michael Cohn 3 min read

The American Institute of CPAs sent a set of recommendations to the Internal Revenue Service on the application of excise taxes to donor-advised funds.

The economic case for ESG disclosure

By Tim Mohin 4 min read

When it comes to corporate transparency, the United States is at a crossroads.

Sports Direct falls as tax bill deepens governance worries

By Ellen Milligan 3 min read

The U.K. retailer reported a surprise tax bill of almost $750 million, the departure of its financial chief and deepening woes at department-store chain House of Fraser.

Art of Accounting: Annual intern trip

By Edward Mendlowitz 5 min read

This is the third year for my “field trip” to Manhattan with summer interns.

Kamala Harris pitches ‘Medicare for all’ plan funded by taxes on Wall Street

By Sahil Kapur 4 min read

The proposal positions the Democratic presidential candidate between rivals Bernie Sanders and Joe Biden on a contentious issue.

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Prager Metis combines with Frank & Company

By Michael Cohn 3 min read

The Top 100 Firm is expanding into the Washington, D.C. metropolitan area with its latest M&A deal.

Jeffrey Epstein’s wealth boosted by Virgin Island tax breaks

By Tom Metcalf, Greg Farrell and David Kocieniewski 6 min read

The rules set by the Economic Development Commission in St. Thomas allow some businesses to lower their exposure to taxes by up to 90 percent.

France digs in on digital tax as Trump floats tariffs on wine

By Robert Williams and Josh Wingrove 4 min read

France stuck to its plan to tax big multinational tech companies, defying U.S. President Donald Trump’s suggestion that he might impose tariffs on French wine.

The quickest way to get clients interested in CAS

By Gabrielle M. Luoma 6 min read

Identifying the right clients, showcasing CAS, and more.

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