Outlook for 2021 taxes is full of uncertainties

The year ahead will be full of tax uncertainties in the U.S. and internationally, ranging from digital taxes and carbon taxes to possible tax hikes under the Biden administration. Original Article Posted at : https://www.accountingtoday.com/news/outlook-for-2021-taxes-is-full-of-uncertainties

Read More

SBA aims to expedite PPP loans despite fraud risks

The U.S. Small Business Administration is pledging to improve the loan review process for Paycheck Protection Program loans, even as it pursues a record number of fraud complaints. Original Article Posted at : https://www.accountingtoday.com/news/sba-aims-to-expedite-ppp-loans-despite-fraud-risks

Read More

IRS Data Shows Who Benefited from the First Round of Economic Impact Payments

Newly published data from the Internal Revenue Service (IRS) shows that the first round of economic impact payments primarily benefited households earning less than $100,000. Lawmakers passed the first round of payments under the CARES Act in March 2020 and the Treasury Department began sending payments in early April 2020. The IRS sent more than…

Read More

Second hedge-fund trader named in $1.6B Cum-Ex case

A second hedge-fund trader was named by Danish prosecutors as a defendant in a dividend tax scheme they say defrauded the Nordic country out of 9.6 billion kroner ($1.6 billion). Original Article Posted at : https://www.accountingtoday.com/articles/second-hedge-fund-trader-named-in-1-6b-cum-ex-case

Read More

Schumer says Democrats may advance stimulus bill without Republicans

Senate Majority Leader Chuck Schumer said he’s ready to start moving on a Democrat-only COVID-19 relief plan as soon as next week if Republicans continue to reject President Joe Biden’s $1.9 trillion proposal. Original Article Posted at : https://www.accountingtoday.com/articles/schumer-says-democrats-may-advance-stimulus-bill-without-republicans

Read More