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Tax Monitoring and Maintenance Insights

Washington Tax Insight September 2021

Politics and Congressional Activity The fall agenda for Congress will be busy and challenging; work must be completed on the infrastructure legislation, the budget reconciliation legislation, and the fiscal year 2022 government funding spending package along with addressing the debt ceiling limit.  The House returns to Washington for votes starting on September 20th, but there are two weeks designated as “committee work weeks” prior to that and the two tax-writing […]

September 13, 2021

Washington Tax Insight August 2021

Politics and Congressional Activity The House already left for its August recess that began on August 2nd, and the Senate recess is scheduled to begin on August 9th.  Congress is scheduled to return on September 10th.  There is the possibility that the Senate will delay its August recess, especially considering the busy schedule facing Congress.  Senate Majority Leader Schumer (D-NY) has warned his Senate colleagues that the recess will be […]

August 9, 2021

WEBINAR: Tax Reform 2.0 The Sequel – The Made in American Tax Plan

This one-hour course covered key aspects of the Made in America Tax Plan described in the Whitehouse Whitepaper and most recently, in the Presidents proposed budget for fiscal year 2022. We reviewed the proposals and accounting impact of the Senate Finance Committee proposal, along with discussions on tax items by the OECD. We reviewed the financial reporting impact of these tax plans, if enacted, under ASC 740 Accounting for Income […]

July 28, 2021