Source Media

June 21, 2019

DAILY BRIEFING

Supporting Strategies makes Expensify preferred expense reporting solution nationwide

By Ranica Arrowsmith 1 min read

Supporting Strategies is the latest firm to join the ExpensifyApproved! Partner Program, which includes firms such as CLA, Wipfli, and BPM.

IRS Commissioner Rettig reaches out to tax practitioners, but with a stark warning

By Michael Cohn 8 min read

The chief pointed to his own history as a tax attorney, while reminding tax pros that the IRS is watching from the compliance and enforcement side.

Tax Fraud Blotter: Nothing in return

By Jeff Stimpson 7 min read

Biofool; give and it hurts; low Priority; and other highlights of recent tax cases.

FASB moves to ease companies’ transition from LIBOR to SOFR

By Michael Cohn 2 min read

The standard-setter plans to offer accounting relief to companies that need to modify their contracts as banks move the global reference rates for loans and more.

IIRC CEO Richard Howitt steps down

By Michael Cohn 3 min read

Howitt led the group that has promoted integrated reporting for three years and promulgated the model worldwide.

Treasury narrows reach of foreign income levy to fix 2017 law

By Lynnley Browning 3 min read

The Treasury Department has narrowed the reach of a new tax aimed at technology and pharmaceutical companies with overseas income, wiping out an unintended consequence of President Donald Trump’s 2017 tax overhaul.

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Taxpayer advocate calls for IRS ‘anxiety index’ to help frustrated Americans

By Lynnley Browning and Kelly Zegers 4 min read

It’s official: Paying taxes can make you a stressed-out wreck.

Wayfair on its first anniversary

By Mark Friedlich

Some are celebrating the Supreme Court’s decision; many aren’t.

3 strategies for double-digit growth

By Daniel Hood 5 min read