Regardless of who wins the White House, the scope for tax legislation in the near term will be limited. | FASB deals with uncertainties from pandemic and election → | | By Michael Cohn 6 min read | | Having started his transition at the beginning of the pandemic, Board Chair Richard Jones now faces the uncertainty of the presidential election and what Congress might do with accounting standards. | |
| IRS warns of new EIP text scam → | | By Jeff Stimpson 1 min read | | The latest scheme claims to need a taxpayer’s bank account information to direct deposit a stimulus payment. | |
| Accountants respond to the Expensify letter → | | By Ranica Arrowsmith | | When David Barrett sent a controversial pro-Biden letter to his company's 10 million-strong email list, it caused an uproar across the accounting profession. | |
| In the blogs: Getting dark early → | | By Jeff Stimpson 2 min read | | PPP questions; differentiating data; partner preparation; and other highlights from our favorite tax bloggers. | |
| PrimeGlobal announces strategic partnership with AICPA → | | By Sean McCabe 1 min read | | The partnership will provide member firms of the international association of independent accounting firms with more resources, tools and thought leadership to grow their business opportunities. | |
|
