| The IRS and the Treasury Department are giving small businesses that received Paycheck Protection Program loans in the first round a way to deduct expenses they couldn’t claim last year. | U.S. family businesses outpace big business on ESG → | | By Michael Cohn 7 min read | | On Earth Day, many family-run businesses are ahead of corporate America when it comes to environmental, social and governance practices, according to a new survey by PricewaterhouseCoopers. | |
| Tax Fraud Blotter: Big ruses → | | By Jeff Stimpson 5 min read | | Pacific time; the foreign country of Texas; COVID fine; and other highlights of recent tax cases. | |
| Biden eyeing tax rate as high as 43.4% → | | By Laura Davison and Allyson Versprille 4 min read | | His plan includes a proposal to almost double the capital gains tax rate for wealthy individuals to help pay for a raft of social spending, according to people familiar with it. | |
| Heirs to German industrial fortune face $6B tax bill → | | By Chris Reiter 1 min read | | The heirs of billionaire Heinz Hermann Thiele may owe German authorities more than 5 billion euros ($6 billion) in inheritance taxes, potentially the largest such bill in the country’s history, according to ManagerMagazin. | |
| WEB SEMINAR | | ASC 842 – it’s time to get ready | | During this webinar, our experts discuss the first step toward leasing automation and how to go beyond spreadsheets to meet your compliance goals quickly. Learn More → | |
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