The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act. | Procrastination may pay this tax season, IRS says | | By Laura Davison and Allyson Versprille 2 min read | | Taxpayers who are owed a refund may also get a second check this year if they took advantage of the July 15 extended filing deadline, according to the Internal Revenue Service. | |
| Intuit changes tech development focus, lays off 715 | | By Ranica Arrowsmith 3 min read | | Intuit CEO Sasan Goodarzi announced that the software giant would be changing focus to virtual solutions, omni-channel commerce and money benefits to small businesses, in light of the impact of COVID-19. | |
| BDO continues to do M&A deals despite pandemic | | By Michael Cohn 6 min read | | The COVID-19 pandemic isn’t stopping BDO USA from pursuing a constant series of M&A deals in recent years, although the latest one had to be mostly negotiated at a safe distance. | |
| Art of Accounting: New partner responsibilities | | By Edward Mendlowitz, Sidney Kess 8 min read | | It's not just about higher status and more pay: There is plenty for new partners to know and do, and unfortunately many firms do not have any training for them. | |
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