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July 8, 2021

Prepared for Voornaam

IRS offers clarity around transportation grants

By Jeff Stimpson       1 min read

The service has answered important questions for transport companies about the taxability and deductibility of some COVID-19-related relief funds. View story →

Sage X3 software vulnerability found, addressed

By Ranica Arrowsmith       2 min read

Sage will automatically apply the fixes for customers as part of its standard maintenance.  View story →

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IRS plans weekend events to help families with Child Tax Credits

By Michael Cohn       3 min read

The Internal Revenue Service is planning to host events this weekend in a dozen cities to help people who usually don’t file a tax return register for monthly Advance Child Tax Credit payments. View story →

KPMG expands ESG services

By Michael Cohn       6 min read

KPMG has been increasing its efforts to provide environmental, social and governance services to clients through a new initiative called KPMG Impact. View story →

Prepping for tax season 2022

By Nicole Fluty       5 min read

Is tax season ever really over? Here's what you need to be ready for next year.  View story →

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Xero celebrates 15 years, launches 'Xero Day'

By Ranica Arrowsmith       2 min read

July 6 will serve annually as a day to celebrate Xero's community, and as a day of donation and support for various charities.  View story →

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EisnerAmper adds tech firm

By Michael Cohn       2 min read

The Top 25 Firm has merged in ZenTek Data Systems, a technology consulting firm in Fort Lauderdale. View story →

How the increase in capital gains taxes can affect your client’s business

By Michelle Seiler Tucker       5 min read

The recent change in presidency is set to bring about substantial changes in the way high-net worth individuals are taxed in relation to capital gains. View story →

Deloitte Foundation partners with Ohio State University for diversity scholarship

By Sean McCabe       2 min read

A total of $180K in contributions, donated from Deloitte professionals who are Ohio State alumni, will support Master of Accounting students, as well as the college's THRIVE diversity project. View story →

Billionaire deemed competent for trial in record tax-fraud case

By David Voreacos and Neil Weinberg       2 min read

Three court-appointed experts determined that billionaire Robert Brockman is competent to stand trial in the largest tax-evasion case in U.S. history, despite his claims of dementia, prosecutors said in a court filing. View story →

New lease accounting standards come with plenty of gotchas

By Michael Cohn       8 min read

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. Read story →

In the blogs: Smart advice

By Jeff Stimpson       4 min read

Infrastructure fantasies; trouble with the U.S.-Malta Treaty; the future of contactless prep; and other highlights from our favorite tax bloggers. Read story →

Liberty Tax acquired by NextPoint

By Jeff Stimpson       2 min read

The SPAC has already begun integrating other financial products in the tax prep franchiser’s offerings. Read story →

IRS gearing up for partnership compliance campaigns

By Roger Russell       4 min read

Compliance audits, the new wrinkles of CTC, marijuana and more were key topics at a recent stakeholders meeting with the service. Read story →

U.S. presses Europe to reconsider plans for new digital tax

By Christopher Condon       2 min read

The U.S. is pressing European officials to reconsider plans to enact a digital tax across its 27 members in a dispute that threatens to undermine significant progress made recently toward a global corporate tax agreement. Read story →

RESOURCES

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