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February 27, 2021

PwC offers free masters degree for Black, Latinx accountants

By Kayla Webster 3 min read

The Big Four firm created the program to give more people of color the opportunity to become CPAs.

Less than half of accountants say the profession is equitable

By Sean McCabe

A new report from the IMA and CalCPA also found that 43 to 55 percent of female, nonwhite, and LGBTQIA respondents polled have left a U.S. accounting company due to a perceived lack of equitable treatment.

2021 is already presenting early complications for next tax season

By Shaun Hunley 3 min read

Right out of the gate, this year has provided some intriguing storylines that undoubtedly will have ripple effects when tax pros sit down with their clients next winter.

SEC suspends ex-KPMG auditors over audits of defunct college

By Michael Cohn 3 min read

The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.

Tax Court: You have to be 'away from home' to take lodging deduction

By Roger Russell 2 min read

The Tax Court added its voice to the dilemma facing many taxpayers working remotely due to the pandemic.

Lawmakers tell IRS to stop sending incorrect tax delinquency notices

By Michael Cohn 3 min read

Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail.

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PwC rolls out tax and accounting AI apps

By Michael Cohn 4 min read

PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.

Companies investing in crypto may be in for a rude accounting surprise

By Michael Cohn 6 min read

Corporations are starting to buy digital assets like Bitcoin to bolster their treasuries, but the volatility in prices could put a dent in their balance sheet.

Tax Strategy: Issues for the 2021 tax filing season

By Mark A. Luscombe 6 min read

A host of developments promise to complicate this year's run-up to April 15.

4 things to know about the federal solar power tax credit

By Jayson Waller

More and more accountants are recommending their homeowner clients consider solar panels. Here’s why.

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