DAILY BRIEFING

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August 12, 2021

Prepared for Voornaam

Rounding out the year: How practitioners are serving clients for the rest of 2021

By Jeff Stimpson      

Tax pros share the services they'll be focusing over the next five months — from tax and retirement planning, to helping with stimulus programs. View story →

BF Borgers leads in new SEC clients for Q2

By Daniel Hood       2 min read

In a slow quarter for new engagements, EY and Gries & Associates also made good showings. View story →

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The downside of auditor rotation →

Recent research from University of Kansas business professor Amanda Winn suggests that partner rotation and PCAOB inspections may have some unintended effects.  

NCCPAP blasts IRS guidance on ERC

By Daniel Hood       2 min read

The organization says Notice 2021-49 is particularly damaging to small, family-owned businesses. View story →

Benchmark Cloud Accounting buys Botkeeper’s direct customers

By Ranica Arrowsmith       2 min read

The move is part of Botkeeper's move toward focusing solely on its accounting firm customers. View story →

Bonadio Group to merge in NYC firm

By Daniel Hood       1 min read

The Top 50 Firm expects to add in Manhattan’s Ganer + Ganer in November. View story →

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Mazars USA must release some of Trump's records to Congress

By David Yaffe-Bellany       3 min read

A federal judge did not require the firm to hand over all the records that congressional Democrats were seeking, however. View story →

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'Connected accounting' startup closes $13M funding round

By Ranica Arrowsmith       1 min read

A strategic investment from Amex Ventures finishes this Series A round for Lockstep. View story →

The big risks of ‘after-the-fact’ nanny taxes

By Guy Maddalone       4 min read

While “after-the-fact” taxes may seem easy, a lot can go wrong for you and your client. View story →

The remote productivity debate rages on, and other tech stories you may have missed

By Gene Marks      

QuickBooks adds hardware to boost mobile payments; TikTok wants to be the next Linked In; and eight other things that happened in technology this past month.  View story →

IRS warns of ongoing twists on phishing scams

By Daniel Hood       2 min read

Fraudsters are using pandemic-related themes to trick tax pros into making themselves vulnerable. View story →

IRS clarifies ADS recovery period for rental property

By Roger Russell       3 min read

Revenue Procedure 2021-28 offers guidance for real property trades or businesses implementing retroactive changes. Read story →

Gross receipt exclusions clarified for ERC

By Jeff Stimpson       1 min read

Rev. Proc. 2021-33 from the IRS lets businesses deduct certain stimulus-related items to determine eligibility for the Employee Retention Credit. Read story →

In the blogs: Admittedly wonky

By Jeff Stimpson       3 min read

Offer ‘solutions more than products; ’the gig economy and the profession; new blog in town; and other highlights from our favorite tax bloggers. Read story →

Outgunned crypto lobbyists falter in bid to fix broad tax rules

By Joe Light and Laura Davison       5 min read

But observers say the industry did relatively well for one of its first efforts at impacting legislation. Read story →

‘Mr. SALT’ and N.J. ally fight Ocasio-Cortez to revive tax break

By Laura Davison       4 min read

A CPA and a corporate communications vet are at the forefront of trying to reinstate the state and local tax deduction. Read story →

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