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IRS Previews Changes in Partnership Forms for Next Year

(Accounting Today) - The Internal Revenue Service and the Treasury Department released proposed drafts of redesigned partnership form schedules for tax year 2021 (filing season 2022) that aim to provide more clarity for partners on how to figure their U.S. income tax liability in terms of international tax reporting, including claiming the appropriate tax deductions and credits.



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Leading Through the COVID-19 Crisis

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Do You Have a Clear CAAS Vision? 
(CPA Practice Advisor) - CAAS stands for Client Accounting and Advisory Services. It may be too late for the profession to choose to use this far better name. One of the regrets that I have from the last 35+ years of trying to help CPA firms ...


Astronomers Found a Giant “Wall” of Galaxies Hiding in Plain Sight 
(MIT Technology Review) - Astronomers have found one of the largest structures in the known universe—a “wall” of galaxies that’s at least 1.4 billion light-years long. And given how close it is to us, it’s remarkable that we haven’t seen it before now.


Apple Wins EU Court Fight Over Record $14.9 Billion Tax Bill 
(Bloomberg) - The court said authorities failed to show Ireland’s tax arrangements with the company were illegal state aid.


KPMG Employees Won’t Be Returning to the Office Anytime Soon 
(Going Concern) - The new KPMG leadership team sent a message to employees on July 13 that maybe they’ll be able to return to their offices after Labor Day, but then again, maybe not.


Microsoft Outlook's Wave of New Features Includes a Join Button for Zoom 
(PC World) -Microsoft has expanded some Outlook features, including Play My Emails and Meeting Insights, to new platforms, while tweaking old conveniences like calendar sharing.


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