DAILY BRIEFING

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May 10, 2021

Prepared for Voornaam

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Welcome to the new Accounting Today Daily Briefing newsletter! This updated look and feel is intended to deliver the must-read stories and ideas impacting your firm in a more dynamic and engaging way. Use your Accounting Today credentials to access our newsletter preference center, where you can sign up for additional mailings like breaking news alerts, real-time analysis and fresh ideas delivered every day.

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Editor-in-Chief

IRS struggles to fill jobs, deal with backlog through difficult tax season

By Michael Cohn       4 min read

The Internal Revenue Service is having a hard time hiring enough staff to help it get through this year’s extended tax season and overcome its backlog of unprocessed tax returns. View story →

On the move: KPM hires new HR manager

Apple Growth Partners names first female president and COO; Crowe appoints a CMO; and more CPA news.  View story →

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People & firms on the move: Wipfli names NFP & gov't leader →

Mazars announces annual giving theme; Illinois CPA Society honors 2021 Outstanding Leadership Award winners; and more CPA news.

Bill.com buys Divvy for $2.5B

By Ranica Arrowsmith       2 min read

The acquisition will give Bill.com users an expanded solution for automatically managing accounts payable, accounts receivable and corporate card spending all in one place.  View story →

RSM acquires practice from Rego

By Michael Cohn       2 min read

RSM US is buying Rego Consulting’s ServiceNow workflow automation practice and plans to combine it with RSM’s own.  View story →

Employers added 266K jobs in April, with 4,100 in accounting

By Michael Cohn       5 min read

Despite the additions, the unemployment rate ticked up one-tenth of a percentage point to 6.1 percent. View story →

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What you need to know about employee retention credits and government shutdown orders

By Ian Williams, Jason Melillo       3 min read

The Employee Retention Tax Credit has been a welcome lifeline to many struggling businesses and those most significantly impacted by the economic uncertainty around the COVID-19 pandemic.  View story →

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3 risks you’re overlooking with return-to-work policies

By Scott Madenburg       4 min read

Before rushing employees back into the office, slow down and assess the situation. View story →

Brokers raise billions for green land deals IRS calls tax scams

By Neil Weinberg and David Voreacos       8 min read

For some wealthy investors, expanded government crackdowns on land deals are creating financial and legal headaches.  View story →

McConnell slams Biden proposals to tax capital gains at death

By Steven T. Dennis       2 min read

The Senate Republican leader ripped the president's plan to end a tax break that lets the richest Americans transfer much of their wealth tax-free at death. View story →

‘We Build The Wall’ co-founder Kolfage indicted in tax case

By David Voreacos       2 min read

Brian Kolfage, whose work with Stephen Bannon to raise money for a U.S.-Mexico border wall resulted in a federal fraud indictment last year, faces new tax fraud charges. View story →

SASB moves forward on ESG standards

By Michael Cohn       5 min read

At the same time, the SEC is increasingly focusing on environmental, social and governance reporting.  Read story →

Tax Fraud Blotter: ‘Despicable, cruel and callous’

By Jeff Stimpson       5 min read

Morally bankrupt; pretend preparer; lack of faith; and other highlights of recent tax cases. Read story →

AICPA intros data analytics certification

By Michael Cohn       2 min read

The program aims to train CPAs and financial professionals in how to apply the technology. Read story →

Mental health: The elephant in the room

By Jody Padar       4 min read

Recognizing mental health issues is a huge part of showing up for your employees, your clients and, most of all, yourself. Read story →

IRS speeds creation of tax pro accounts due to COVID

By Michael Cohn       2 min read

The service plans to offer online Tax Pro Accounts in the third quarter of this year, on a timeline accelerated by the pandemic.  Read story →

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What is the new finance technology stack for SaaS companies?

Wednesday, June 16, 2021 2:00 PM EDT

Quickly reporting on your SaaS metrics, and forecasting your cash, billings, and revenue, are the holy grail to scaling your SaaS business. But what is the right finance stack to put in to produce the data faster and more consistently? Learn More →

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