UHY merges in PKK in Michigan

UHY LLP, a Top 100 Firm based in Farmington Hills, Michigan, has expanded its presence in Ann Arbor by adding Pietrasiuk, Kelley & Kelley P.C. Original Article Posted at : https://www.accountingtoday.com/news/uhy-merges-in-pkk-in-michigan

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AICPA wants SBA to fix problem-plagued PPP loan application system

The American Institute of CPAs is asking the Small Business Administration to fix some problems that businesses are encountering when applying for loans from the Paycheck Protection Program. Original Article Posted at : https://www.accountingtoday.com/news/aicpa-wants-sba-to-fix-problem-plagued-ppp-loan-application-system

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Global tax enforcement chiefs target cryptocurrency

Five international tax enforcement heads, including from the Internal Revenue Service’s Criminal Investigation unit, have been meeting this week to discuss their joint initiatives at combating tax evasion. Original Article Posted at : https://www.accountingtoday.com/news/global-tax-enforcement-chiefs-target-cryptocurrency-in-fintech

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States Positioned for a Super Bowl Win with New Taxes on Sports Betting

Although this week’s Super Bowl festivities may be muted, with far fewer parties and celebrations, states with legalized sports betting may have something to cheer: a tax revenue bump thanks to the accompanying excise taxes. The American Gaming Association estimates that Americans will wager a total of $4.3 billion on the highly anticipated matchup of…

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Biden’s Treasury says more time needed to decide on Trump taxes

The Treasury Department says it needs more time to decide whether to fight House Democrats in their effort to get former President Donald Trump’s personal and business tax returns. Original Article Posted at : https://www.accountingtoday.com/articles/bidens-treasury-says-more-time-needed-to-decide-on-trump-taxes

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Personnel Is Policy: Biden International Tax Team Edition

This week, the Treasury Department added several new appointees as staffing continues following President Biden’s inauguration. Among them were three scholars of international tax policy: economist Kimberly Clausing and law professors Rebecca Kysar and Itai Grinberg. These three will be influential in developing the administration’s approach to changing U.S. tax rules for multinational corporations and…

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The 2021 Top New Products

Accounting Today’s editors pick the best new and most improved tools and resources for accountants from the past 12 months. Original Article Posted at : https://www.accountingtoday.com/list/the-2021-top-new-products

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