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Home boys; going off payroll; building a case; and other highlights of recent tax cases.

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Tax Fraud Blotter: Bad bets

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As an accountant, your clients don’t care how much you need to earn to keep your business afloat; they care how much value they’re receiving at a particular price.

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Most accountants are lowballing their fees. Here’s how to fix that

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The commission is starting to implement a tough law passed at the end of the Trump administration, aimed largely at Chinese stocks.

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SEC moves to force access to audits of foreign companies

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The government has so far sent about 127 million stimulus payments to individuals and households.

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Treasury has sent 5B in stimulus payments

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The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.

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Sanders proposes bigger tax hikes than White House

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A conservative think tank is throwing its support behind proposals long associated with progressives like Elizabeth Warren and Bernie Sanders: taxing stock trades and breaking up Wall Street investment banks.

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Wall Street trading tax gets surprise nod from conservative group

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U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.

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Watchdog warns of refund delays amid IRS backlog

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Practitioners share which parts of their jobs they’d ditch and which they’d keep.

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Task masters: The jobs tax pros want to delegate

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On March 10, 2021, Congress passed the American Rescue Plan Act of 2021. The tax provisions in the legislation represent less than one-third of the total cost of the legislation. The American Rescue Plan includes many non-tax provisions to help address the continuing pandemic. These include support for unemployed workers, funding for COVID-19 testing and vaccination programs, aid to state and local governments, and assistance to schools to permit returning to the classroom safely. The tax provisions include some of the tax proposals that were part of President Biden’s election campaign. This legislation would enact many of the tax changes only for this year, but later legislation in 2021 is expected to try to make many of them permanent.

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Tax Strategy: Inside the American Rescue Plan

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Finance executives are wary of efforts to report on environmental, social and governance issues, although other executives are more open to tracking issues like diversity and inclusion, according to PricewaterhouseCoopers.

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As companies ramp up ESG reporting, CFOs remain unconvinced