DAILY BRIEFING

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January 27, 2022

Prepared for Voornaam

Entering ‘another miserable tax season’

By Roger Russell       6 min read

Things are going to get difficult, and practitioners shouldn’t expect help from the IRS, experts warn. View story →

Acumatica announces acquisition, new integrations

By Daniel Hood       2 min read

The cloud ERP provider revealed at its annual Summit that it has added property management system IBS Imperium. View story →

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GRI CEO expects to work with ISSB on ESG standards →

Eelco van der Enden is planning to work with the nascent board, while maintaining GRI’s independence.

GRI CEO expects to work with ISSB on ESG standards

By Michael Cohn       10 min read

Eelco van der Enden is planning to work with the nascent board, while maintaining GRI’s independence. View story →

Sage, BOSS Network launch grant for Black women entrepreneurs

By Sean McCabe       2 min read

The "Invest in Progress" grant will award $10,000 to 25 Black women business owners to support their first five years in business. View story →

Surgent honors late VP with updated scholarship

By Sean McCabe       1 min read

Surgent Accounting & Financial Education renamed (and increased the amount of) its university scholarship award, honoring former vice president Paul Wiese, who passed away in 2021. View story →

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Design your firm’s upskilling journey in 6 clear steps

By Ayalla Reuven-Lelong      

Accounting firms worldwide are thinking about redesigning their organizational culture and building a future-fit culture. View story →

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Crypto, NFTs are rife with ‘mountains’ of fraud, IRS says

By Allyson Versprille       2 min read

IRS investigators say the frauds including money laundering, market manipulation and tax evasion — and even celebrities could get caught up in the agency’s probes.  View story →

Crypto tax loophole offers escape hatch for battered investors

By Allyson Versprille       2 min read

There may be a silver lining for crypto investors selling at huge losses during the recent market turmoil.  View story →

Top Democratic senators push Biden to revive CTC

By Erik Wasson       2 min read

A group of Senate Democrats want the expanded monthly Child Tax Credit payment as the “centerpiece” of any revived tax and spending agenda. View story →

Treasury prods Congress for passage of global tax accord

By Laura Davison       3 min read

American competitiveness is at stake, according to a top U.S. Treasury official. View story →

In the blogs: How about a hug?

By Jeff Stimpson       3 min read

Minute by minute; variations in the standard; new kid on the blog; and other highlights from our favorite tax bloggers. Read story →

IRS Child Tax Credit letters may have wrong information

By Michael Cohn       7 min read

The letters that the Internal Revenue Service has been sending to taxpayers about the amounts they received on advance payments of the Child Tax Credit may have outdated information. Read story →

When can a startup start deducting expenses?

By Roger Russell       3 min read

A Tax Court case illustrates the complexity of deciding when, exactly, a business becomes a good concern in the eyes of the IRS. Read story →

Tokens, transactions and taxes

By Brian Mistler, Thomas Shea       7 min read

A practical guide to the world of DeFi for liquidity providers. Read story →

KPMG U.S. announces $160M increase in salaries

By Sean McCabe       1 min read

The Big Four firm announced salary bumps for approximately 30,000 employees. Read story →

RESOURCES

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Best practices for IT security

Thursday, March 10, 2022 2:00 PM EST

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The audit in 10 years

Thursday, April 21, 2022 2:00 PM EDT

From being the most staid of the accounting profession’s core trio of services, audit looks likely to experience an enormous amount of change over the next decade, in everything from the methodology and tools being used and the skills needed, to the actual areas being audited.  Learn More →

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Looking ahead: Business planning for accountants

Accountants who offer payroll services reveal opportunities for enhancement as they share ongoing plans Learn More →

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