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Washington Tax Insight April 2021

Politics and Congressional Activity Congress has returned from its spring recess, and there are a number of issues on the agenda that will be competing for consideration including drug pricing, climate change, education, health care, and immigration.  First and foremost, however, will be the new American Jobs Plan that was released by the Biden Administration as the first of two parts of significant legislation to address many of the issues […]

April 15, 2021

The Biden Administration’s Potential Tax Policy Changes and Legislative Outlook

Cary McMillan, Chairman Emeritus recently presented to the Chicago Chapter of the Young Presidents’ Organization. He covered potential federal and state legislative changes that are likely to impact business of all sizes, in all industries. We’re happy to share the slides with you. Download the presentation.

March 19, 2021

The American Rescue Plan & A Look Ahead at “Build Back Better” Economic Recovery Legislation

Congress has approved, and the President has signed the American Rescue Plan, which is a $1.9 trillion tax-and-spending package to address the continuing health and economic impacts of the COVID-19 pandemic.  The final version of the bill passed the Senate on March 6th by a vote of 50-49 and passed the House on March 10th by a vote of 220-211. Democratic leaders met their goal of enacting the legislation before […]

March 12, 2021

Washington Tax Insight March 2021

Politics and Congressional Activity Congress has approved, and the President has signed the American Rescue Plan, which is a $1.9 trillion tax-and-spending package to address the continuing health and economic impacts of the COVID-19 pandemic.  The final version of the bill passed the Senate on March 6th by a vote of 50-49 and passed the House on March 10th by a slim margin.  Democratic leaders met their goal of enacting […]

March 11, 2021

Lorman Webinar: Understanding Complex Internal Control Issues with John Bennecke

Gain a deeper understanding of tax internal controls and the existing external environmental factors impacting them. Tax departments are faced with an ever-changing landscape of technical issues to deal with and are often left with an inadequate amount of time, or an appropriate process, to identify areas of increasing tax internal control risk. Before you can begin to understand and address these areas of risk, it is important to have […]

February 26, 2021

Washington Tax Insight January/February 2021

The Biden Administration and the First 100 Days In the first weeks of his Administration, President Biden has signed several executive orders on a wide range of topics representing shifts in policy in the areas of pandemic control and relief, immigration, international relations, and climate change.  Work is ongoing in the Senate to win confirmation of his Cabinet nominees with a number already confirmed including Secretary of State, National Security […]

February 24, 2021