DAILY BRIEFING

By Allyson Versprille       4 min read

The Biden administration has proposed requiring the collection of data on foreign cryptocurrency investors active in the U.S., aiming to bolster international cooperation to help in a broader crackdown on tax evasion. View story →

By Donna Borak       6 min read

Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks — and to escape President Joe Biden’s proposed capital gains tax increases — are now the focus of a sweeping Internal Revenue Service review. View story →

By Laura Davison, William Horobin and Isabel Gottlieb       4 min read

This week’s finance ministers’ meeting may help lead to a broader deal in July or October. View story →

By David Voreacos       2 min read

Sen. Ron Wyden has questions about why the company consistently loses money in the U.S. and doesn’t pay more in taxes. View story →

By Michael Cohn       4 min read

As companies come under increasing pressure to deal with climate change and diversity, their internal auditors are putting more emphasis on making sure environmental, social and governance reports are reliable. Read story →

By Sean McCabe       2 min read

The Illinois CPA Society awarded $104,500 in scholarships to 55 local accounting students as part of its annual Accounting Scholarship Program. Read story →

By Ranica Arrowsmith      

SAP has announced several new software offerings to enhance business processes, leveraging the cloud, data and artificial intelligence. Read story →

By Michael Cohn       3 min read

While the rate of job growth in the leisure and hospitality sector increased last month, it slowed in the construction industry, according to Paychex. Read story →

By Tony Zecca       4 min read

Talk is easy, results are the challenge. What should your firm do? Read story →