Ex-UBS banker tells judge he doesn’t ‘cultivate memories at UBS’

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A former UBS Group AG executive who is trying to reverse a conviction at a landmark tax trial couldn’t remember the assets managed by his team focusing on French clients out of Switzerland.

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Ex-UBS banker tells judge he doesn’t ‘cultivate memories at UBS’


IMA elects CFO Gwen van Berne as incoming chair

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The Institute of Management Accountants named Gwen van Berne, CFO of the internet registry agency RIPE NCC, as its sixth female chair-elect and the first to reside abroad.

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IMA elects CFO Gwen van Berne as incoming chair


IRS failed to collect $2.4B in taxes from millionaires

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Auditors were only able to recoup about 39 percent of the more than $4 billion in unpaid taxes owed by a group of rich taxpayers with an average annual income of nearly $1.6 million.

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IRS failed to collect .4B in taxes from millionaires


SBA defers repayment of disaster loans until 2022

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The Small Business Administration pushed back the deferment period for all its disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until next year.

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SBA defers repayment of disaster loans until 2022


IRS offers guidance on unemployment benefits exclusion

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The Internal Revenue Service posted information about how to correctly compute the new exclusion on a portion of unemployment income as Congress pushes the IRS for further tax-filing relief.

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IRS offers guidance on unemployment benefits exclusion


Art of Accounting: Ides of March

March 15 is a busy date. The S corporation and partnership returns are due then, so the K-1s can be distributed.

Art of Accounting: Ides of March


How to create an AI-ready staff

Inaction on AI was once a permissible approach; now it’s an existential threat.

How to create an AI-ready staff


Tax hikes on rich loom if Treasury revives hard look at estates

Estate planners are keeping a close eye on the Treasury Department’s agenda, anticipating the possible revival of several regulatory projects shelved by the Trump administration.

Tax hikes on rich loom if Treasury revives hard look at estates


Canopy updates practice management for 2021 tax season

The new features help users see a high-level view of all billable work and services while having the ability to view all work emails in one interface.

Canopy updates practice management for 2021 tax season


Biden eyes first major tax hike since 1993 in next economic plan

President Joe Biden is planning the first major federal tax hike since 1993 to help pay for the long-term economic program designed as a follow-up to his pandemic-relief bill, according to people familiar with the matter.

Biden eyes first major tax hike since 1993 in next economic plan