DAILY BRIEFING

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September 1, 2021

Prepared for Voornaam

IRS regulation of tax preparers gains steam

By Roger Russell       3 min read

Legislation is on track to give the service the authority it needs, with tax pro groups supporting it. View story →

Ida victims get tax relief

By Jeff Stimpson       2 min read

The IRS is giving those impacted by the hurricane until the new year to file various returns and make payments. View story →

RELATED

IRS overlooked FEMA numbers to verify casualty and theft loss deductions →

The service didn’t flag hundreds of millions of dollars of unsupported deductions.

IRS tax lawsuits decreased in federal courts

By Michael Cohn       3 min read

The amount of civil tax lawsuits filed by the Internal Revenue Service in federal court this year is only half the number of a decade ago, but has held steady since last year. View story →

Helping your clients track missing CTC checks

By Lyle Solomon       3 min read

As a tax accountant, it is your job to help your clients track their payments online and receive the money as soon as possible. View story →

Xero debuts income tax solution for U.K. accountants

By Ranica Arrowsmith       2 min read

The new product is a move toward readiness for the U.K. tax authority’s “Making Tax Digital” initiative. View story →

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4 ways for business development and marketing to combine forces to drive growth

By Lee Frederiksen      

It’s imperative that business development and marketing come together to find ways to support their common goal. View story →

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Opportunity Zone funds confront potential tax hikes, hot property market

By Lynnley Browning       5 min read

Will the giant tax incentive thrive as a tool to defer, minimize and eliminate capital gains tax?  View story →

How to be a flexible leader in changing times

By Amy Vetter       3 min read

It’s about building a style that allows for change when change is required, and knowing when to stick to your guns. View story →

Small businesses boosted employment and wages in August

By Michael Cohn       4 min read

Small businesses continued to increase hiring and hourly pay in August, payroll giant Paychex reported, as the economic recovery continued despite the spread of the Delta variant. View story →

In the blogs: The lore, the merrier

By Jeff Stimpson       3 min read

When notices arrive late; deferred FICA minefield; two decades a-wandering; and other highlights from our favorite tax bloggers. View story →

Madoff victims get second crack at Citigroup’s $343M

By Bob Van Voris       2 min read

A federal appeals court ruling overturns a previous one that had prevented them from getting back funds that had been transferred to the bank. Read story →

Global companies can win while countries change transfer pricing policies

By Ragu Bhargava       3 min read

The issue of transfer pricing is a top focus as governments look to ensure multinational companies aren’t evading their tax responsibilities by reallocating profits to lower-tax jurisdictions. Read story →

Remote work brings tax issues for employees and employers

By Michael Cohn       13 min read

States seek to recoup costs borne due to the COVID-19 pandemic see taxing out-of-state workers as painless. Read story →

An accountability partner will help you reach your goals

By Kyle Walters       4 min read

Find someone who will tell you what you need to hear, not what you want to hear. Read story →

Art of Accounting: 4 reasons staff remain with a firm

By Edward Mendlowitz      

If any three are present, it is unlikely someone would leave. If all four are present, then anyone who would leave is not someone you should want to stay. Read story →

RESOURCES

WEB SEMINAR

A diagnostic deep dive

Tuesday, September 7, 2021 2:00 PM EDT

As the saying goes, an ounce of prevention is worth a pound of cure. That prevention comes in the form of powerful diagnostics, for auditors who use a Knowledge Coach solution.  Learn More →

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Tax planning for 2022

It’s never too early to start thinking about the end of the year, and the moves clients should make to be in the best position for the 2022 filing.  Learn More →

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WEB SEMINAR

ASC 842 lease accounting: 10 best practices for day two and beyond

Wednesday, September 22, 2021 2:00 PM EDT

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line.  Learn More →

SPONSOR CONTENT FROM CoStar

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