DAILY BRIEFING

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June 1, 2021

Prepared for Voornaam

Tax pros try to build post-season client pipelines

By Jeff Stimpson       3 min read

While some are scouting for prospects, others are still recovering. View story →

Biden tax plan forecast to bring in $3.6T in a decade

By Laura Davison, Allyson Versprille and Michael Rapoport       4 min read

The administration is looking for big money from a higher corporate tax rate and better IRS enforcement. View story →

RELATED

Biden budget calls for spending surge fueled by higher taxes →

The proposal includes a call for a surprise retroactive hike in the capital gains tax.

On the move: HeimLantz adds biz dev director to ownership group

By Danielle Lee      

EisnerAmper launches SPACs group; AAM announces its 2021 Marketing Achievement Award winners; and more CPA news.  View story →

COVID didn’t derail FAF, FASB and GASB

By Daniel Hood       3 min read

The foundation’s annual report highlights the boards’ efforts to support stakeholders in the pandemic. View story →

Tech news: Updating CPA exam prep material, and more

By Ranica Arrowsmith      

Red Wing Software releases v. 16, Bookkeep and Accounting Seed get investments.  View story →

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Learn about the newest technology innovations advancing the accounting community. Advances in Tech brings together some of the top technologies that are helping the industry move forward. Explore the Demos →

The many question marks around tax planning

By Roger Russell       5 min read

Uncertainty around coming tax changes and the coronavirus pandemic are making it harder for tax pros to plan. View story →

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The end is nigh-ish

By Daniel Hood       3 min read

As the pandemic moves into its final stages, accountants need to be planning their own and their clients' exits. View story →

Biden budget calls for spending surge fueled by higher taxes

By Justin Sink       8 min read

The proposal includes a call for a surprise retroactive hike in the capital gains tax. View story →

The Black CPA Centennial: Meet the first Black partner in the Big Eight

By Anita Dennis       5 min read

Elmer Whiting was already a pioneer long before he merged his firm into Ernst & Ernst in 1971. View story →

$10,000 crypto tax-reporting rule won’t change much

By Alexis Leondis       3 min read

Better, more timely guidance from the IRS would do more to drive compliance, writes Alexis Leondis. View story →

Practice Profile: After the gold rush

By Danielle Lee       5 min read

Kruze Consulting does an after-action analysis of the results of its clients’ PPP decisions. Read story →

Art of Accounting: Getting started with writing

By Edward Mendlowitz, Sidney Kess       9 min read

Writing something that people would want to read is essential to establishing yourself as an expert, publicizing your practice, sharing what you know and your experience, and learning more about your topic.  Read story →

Biden’s tax hike push will depend on this ‘insider’s insider’

By Christopher Anstey and Laura Davison       5 min read

Richard Neal, the chair of the House Ways and Means Committee, will be a key player in the coming tax debates. Read story →

Tax Fraud Blotter: Way off the books

By Jeff Stimpson       5 min read

A crook named Kusok; more holes than a Swiss cheese; anti-social media; and other highlights of recent tax cases. Read story →

Taxes and the pandemic: Not always what you expect

By Daniel Hood       5 min read

Revenues weren’t hit as hard as many expected, but the changes to the landscape of tax are still enormous, according to experts at Avalara’s Crush event. Read story →

RESOURCES

WEB SEMINAR

GASB 87: Capture, collect and comply

Wednesday, June 2, 2021 2:00 PM EDT

For many organizations, capturing lease accounting data will be the biggest implementation hurdle on the path to complying with the GASB 87 standards. Learn More →

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The technology foundations of a CAS practice

Thursday, August 26, 2021 2:00 PM EDT

Client Accounting Services rely on a comfort and familiarity with technology that most other services don’t. Learn More →

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Digital tax transformation: tax compliance services benefit your firm and clients

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