DAILY BRIEFING

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January 19, 2022

Prepared for Voornaam

AI-powered tax platform April launches after $10M seed round

By Danielle Lee       2 min read

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness. View story →

Great Resignation repositions accountants

By Michael Cohn       7 min read

Accountants are seeking out more satisfying places to work where they can realize their career goals or just be able to balance their work and personal lives better.  View story →

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TV and movie stars reenact real accounting struggles →

Performers from shows like “The Sopranos” and “The West Wing” were hired by software company DataRails to narrate examples of real-life problems with financial planning and analysis.

M&A roundup: Two tech acquisitions

By Michael Cohn      

Chargebee has acquired Brighback; and GTreasury has bought Hedge Trackers. View story →

TV and movie stars reenact real accounting struggles

By Michael Cohn       2 min read

Performers from shows like “The Sopranos” and “The West Wing” were hired by software company DataRails to narrate examples of real-life problems with financial planning and analysis. View story →

In the blogs: No sugarcoating

By Jeff Stimpson       4 min read

Bumps ahead; Airbnb risks; the case for the CTC; and other highlights from our favorite tax bloggers. View story →

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The fourth pillar of credit and incentive projects: Jobs

By Ben Worrell       4 min read

Advice from accountants on economic incentives can help bring more tax revenue and employment to communities. View story →

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Families face ‘devastating’ hit as monthly CTC ends

By Laura Davison       3 min read

Millions of American families came to depend the advanced credit amid a surge in the cost of living and the continued spread of COVID-19. View story →

IRS sets sights on NFT investors owing billions in taxes

By Allyson Versprille       3 min read

It’s one of the hottest corners of crypto — and now the U.S. government wants its share of the profits. View story →

Macron’s push for EU to implement global tax deal hits hurdles

By William Horobin, Jorge Valero and Christopher Condon       3 min read

European countries are skeptical of the French president's abiliy to jumpstart implementation of a minimum corporate tax. View story →

BKD expands into Arizona

By Daniel Hood       1 min read

The Top 15 Firm has moved into the Phoenix market with the acquisition of Mesa-based Schmidt Westergard. View story →

Art of Accounting: Withum State of the Firm 2022

By Edward Mendlowitz       3 min read

About 300 Withum’ers attended the annual event in person and 1,200 watched on Zoom.  Read story →

Creating content for accountants

By Daniel Hood      

Mike Whitmire and Drew Carrick take us behind the scenes of creating the first comedy series for accountants, "PBC." Read story →

The Growth Partnership merges with IPA

By Daniel Hood, Michael Cohn       4 min read

The combination brings two major accounting surveys under one roof, but will keep them independent. Read story →

IRS pilots program to fast-track private letter rulings

By Michael Cohn       2 min read

The Internal Revenue Service is pilot-testing a program for the next year and a half to expedite requests for rulings and determination letters for corporate taxpayers. Read story →

IRS updates Recovery Rebate Credit and EIP guidance

By Michael Cohn       2 min read

The Internal Revenue Service added more information on the Recovery Rebate Credit, providing extra details on its Frequently Answered Questions document about finding the first Economic Impact Payment amounts to calculate the credit. Read story →

RESOURCES

WEB SEMINAR

Recruiting and retention in 2022

Wednesday, January 19, 2022 2:00 PM EST

Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. Learn More →

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WEB SEMINAR

Best practices for IT security

Thursday, March 10, 2022 2:00 PM EST

The pandemic saw security breaches and hacking skyrocket, turning an already-serious issue into an actual emergency. This webinar will explore the best ways for firms to keep themselves and their clients’ data safe in a world that’s more dangerous than ever. Learn More →

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REPORT

Lease accounting adoption – market snapshot

In this report, learn where your peers stand on implementation and plans for achieving compliance with ASC 842 & GASB 87. Learn More →

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