Donor asks IRS to open fraud investigation into WE charity

A U.S. donor to Canada’s WE Charity said he has asked the Internal Revenue Service to open a fraud investigation into the organization after testifying that it took down a plaque on a Kenya school built to honor his dead son and replaced it with that of another donor. Original Article Posted at : https://www.accountingtoday.com/articles/donor-asks-irs-to-open-fraud-investigation-into-we-charity

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Karbon raises $10M

A strategic investment will help the practice management software developer support its growth worldwide. Original Article Posted at : https://www.accountingtoday.com/news/practice-management-software-developer-karbon-raises-10m

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The risks of tax season

Practitioners face malpractice issues right from the start of filing, and this year may be even worse than usual. Original Article Posted at : https://www.accountingtoday.com/news/the-risks-of-tax-season

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IRS offers guidance on employee retention credit and PPP eligibility

The Internal Revenue Service released guidance Monday for employers claiming the employee retention credit for 2020 and how it relates to eligibility for the Paycheck Protection Program. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-guidance-on-employee-retention-credit-and-ppp-eligibility

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SASB moves forward on standard-setter consolidation

The Sustainability Accounting Standards Board is finalizing a merger with the International Integrated Reporting Council, while watching efforts to establish a standard-setter overseen by the International Financial Reporting Standards Foundation. Original Article Posted at : https://www.accountingtoday.com/news/sasb-moves-forward-on-standard-setter-consolidation

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IRS faces delays, risks for tax season amid pandemic

The Internal Revenue Service needs to take action to avoid processing delays this tax season due to the COVID-19 pandemic, according to a new government report. Original Article Posted at : https://www.accountingtoday.com/news/irs-faces-delays-risks-for-tax-season-amid-coronavirus-pandemic

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The UK Should Not Ignore Problems with its Corporate Tax Base

Wednesday, the United Kingdom will publish its 2021 budget, after the fall budget was delayed due to the pandemic. In addition, the UK government will launch several consultations on the future of the country’s tax strategy on March 23. Changes to the corporation tax—particularly an increase in the UK’s 19 percent corporation tax rate—are reportedly among…

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