DAILY BRIEFING

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August 10, 2021

Prepared for Voornaam

Int’l agreements spur move to global minimum tax

By Roger Russell       6 min read

After years of discussions, position papers, proposals, negotiations, and re-proposals, the world is rapidly approaching a serious milestone in tax. View story →

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Accounting Today

Editorial Team

Baker Tilly to acquire Margolin, Winer & Evens

By Daniel Hood       3 min read

The November combination will give the Top 25 Firm’s presence in the New York area a major boost. View story →

RELATED

RSM to acquire C Systems and Confluence Global →

C Systems specializes in nonprofit tech services and association management systems, and Confluence Global is a Salesforce consulting partner.

Infrastructure bill moves closer to Senate passage

By Laura Davison, Steven T. Dennis and MacKenzie Hawkins       3 min read

Although the upper house is moving forward on the infrastructure legislation, agreement on a last batch of amendments was elusive.  View story →

What employee fringe benefits are taxable?

By Julio Gonzalez       3 min read

Knowing which specific perks count as income can make all the difference to a company — and its employees. View story →

Art of Accounting: The most critical issue for a small firm

By Edward Mendlowitz       4 min read

Some recent virtual retreats for sole practitioners and for two- and three-partner firms yielded insights into how to improve practice management. View story →

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A call for 'Designated Motivators'

By Daniel Hood      

With accounting firms facing high levels of burnout, thought leader and modern firm pioneer Dawn Brolin talks about her new book, "The Designated Motivator," and explores how firms can keep staff engaged and inspired. View story →

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AICPA Foundation awards 2021 Ezzell Scholarships

By Sean McCabe       2 min read

The American Institute of CPAs awarded $10K scholarships to five CPAs pursuing doctorates in accounting. View story →

Dext debuts rebranded e-commerce solution

By Ranica Arrowsmith       1 min read

Following the acquisition of Greenback, Dext has released a rebranded version of Greenbank’s software called Dext Commerce, a digital sales management solution. View story →

Xero revamps bank recs, injects AI

By Ranica Arrowsmith       1 min read

The accounting software developer updated what it calls one of its most popular features. View story →

Change to crypto provision in infrastructure bill blocked

By Laura Davison and MacKenzie Hawkins       2 min read

Broad oversight for virtual currencies remains a part of the infrastructure bill currently in the Senate. View story →

Ledecky may owe $44K in taxes for Olympics glory

By Sam McQuillan       3 min read

It's not the medals themselves — it's the prize money and the sponsorship deals that add up. Read story →

Tax guidance on NFTs remains a murky area

By Michael Cohn       5 min read

The booming market for nonfungible tokens is showing no signs of slowing down as investors pour money into digital collectibles, but the tax rules surrounding NFTs are anything but clear.  Read story →

FASB to allow private cos. a practical way to account for share-based awards

By Michael Cohn       2 min read

The board has endorsed a recommendation from its Private Company Council that would align accounting rules with the tax treatment of the awards.  Read story →

Wolters Kluwer updates dashboards for CCH Data Axcess

By Ranica Arrowsmith       2 min read

Wolters Kluwer Tax & Accounting has released a new version of the Accounts Receivable & Collections Dashboard, and other enhancements to existing dashboards in its CCH Axcess Data Axcess expert solution. Read story →

Bloomberg Tax & Accounting enters income tax provision space

By Ranica Arrowsmith       2 min read

The company acquired Tax Prodigy, which calculates income tax-related elements of financial statements. Read story →

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