| RSM donates $4 million through Birdies Fore Love campaign; Jackson Thornton elects CEO, principals; and more CPA news. | Global tax avoidance costs countries $427B each year: Report → | | By Michael Cohn 4 min read | | Taxpayers around the world lose at least $427 billion each year to individual tax evasion and multinational corporate profit-shifting, which undercuts public funding for a COVID-19 response, according to a new report. | |
| ACCA chooses new president → | | By Michael Cohn 2 min read | | The Association of Chartered Certified Accountants has named Mark Millar, the former head of a hospice in the United Kingdom, as its new president. | |
| Congress blasts IRS for limits on forgiven PPP loan tax breaks → | | By Laura Davison and David Hood 2 min read | | The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven. | |
| Wirecard ex-CEO Braun leaves lawmakers hanging in hearing → | | By Karin Matussek and Birgit Jennen 3 min read | | Wirecard AG’s former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed. | |
| WEB SEMINAR | | Total firm management: Trends and technology for 2021 and beyond | | Get a head start on 2021! Many firms had to abruptly change directions this year, but it’s never too early to start planning for next year. Find out what trends are influencing accounting firm technology strategies and how firms are looking to innovation to become more resilient and agile. Learn More → | |
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