DAILY BRIEFING

By Billy House and Erik Wasson       6 min read

The fate of President Joe Biden’s economic agenda rests largely on Speaker Nancy Pelosi navigating deep Democratic rifts and the minefield of promises she’s made to keep the party’s moderate and progressive wings moving toward her goal. View story →

By Greg Farrell       4 min read

Getting Donald Trump’s longtime chief financial officer to turn on his boss may prove tough, as Allen Weisselberg’s unlikely to get a lengthy sentence even if convicted on tax fraud and other charges. View story →

By Danielle Lee      

Grant Thornton and Moss Adams elect next CEOs; Henry+Horne participates in 9/11 memorial tribute; and more CPA news.  View story →

By Michael Cohn       4 min read

Private equity firms are increasing their funding of accounting firms in a pair of deals announced this week, with Lightyear Capital partnering with Schellman & Co., and CVC Capital Partners investing in CFGI. View story →

By Laura Davison       3 min read

High-earning taxpayers would face much smaller tax hikes — or even cuts — if Democrats decide to restore the federal deduction for state and local taxes in legislation that’s now moving through the House. Read story →

By Michael Cohn       3 min read

The committee has teamed up with Deloitte on a new guide to help organizations combine their risk management efforts with their artificial intelligence initiatives. Read story →

By Sean McCabe       2 min read

The state society announced 14 more graduates of its future-focused leadership program. Read story →

By Eva Weiss, Kristin Bone       4 min read

Most organizations do not fully understand the risks presented by their third-party relationships, let alone request or assess audit results from every third party under contract.  Read story →

By Jeff Stimpson       6 min read

Barely any business; happy to take a check; second time’s the charm; and other highlights of recent tax cases.  Read story →