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February 4, 2022

Prepared for Voornaam

New bill would change tax rules for cryptocurrency purchases

By Michael Cohn       3 min read

A group of lawmakers teamed up Thursday to introduce bipartisan legislation that aims to create a workable structure for taxing purchases made with cryptocurrency. View story →

On the move: UHY appoints Houston managing director

By Danielle Lee      

Porte Brown elects next CEO; CohnReznick elevates 21 to partner; and more CPA news.  View story →

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M&A roundup: Baker Tilly, Mugford expand

By Michael Cohn      

Baker Tilly acquired Orchestrate Healthcare; and Mugford & DiBella merged in Daigle, Smith & Chubet. View story →

Rhymes and echoes

By Daniel Hood       3 min read

Are there recurring patterns in the history of the profession? Our editor-in-chief wonders. View story →

H&R Block rolls out mobile banking in time for tax season

By Michael Cohn       6 min read

H&R Block is banking on a new service called Spruce to offer tax clients banking options. View story →

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Liberty becomes latest prep chain to offer banking

By Jeff Stimpson       1 min read

The new DeepBlue Debit offering is aimed at customers who are underbanked. View story →

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Building a finance tech stack for uncertain times

By Peter Nesbitt       4 min read

Accounting must reimagine its technology stack to stay nimble and adjust to the ever-changing, digitally driven world we live in. View story →

IRS to add 1,200 employees as agency confronts delays, backlog

By Laura Davison       2 min read

The additional staff are to help the agency navigate what will likely be one of the most challenging tax filing seasons in years, according to a person familiar with the plans. View story →

Billionaire Brockman is still hiding assets in tax-evasion case, U.S. says

By David Voreacos and Neil Weinberg       2 min read

U.S. officials are seeking a judge’s authorization for an immediate government levy to help pay his $1.4 billion tax bill. View story →

Tax Fraud Blotter: Identity crisis

By Jeff Stimpson       6 min read

One slick customer; give her credit; unhappy camper; and other highlights of recent tax cases. View story →

BDO forms ESG Center of Excellence

By Michael Cohn       6 min read

The Top 10 Firm named partner and executive team member Christopher Tower its first-ever ESG strategy and services leader. Read story →

E. Cohen merges in DeVan & Lowery

By Michael Cohn       2 min read

E. Cohen and Co. CPAs, a firm based in Rockville, Maryland, is merging in DeVan & Lowery PA, another CPA firm in its home town. Read story →

Demystifying sales tax nexus

By Nellie Akalp       4 min read

Help clients determine their sales tax obligations in the jurisdictions where they sell taxable products and services. Read story →

Private sector lost 301K jobs in January

By Michael Cohn       2 min read

Employment fell by a stunning 301,000 jobs in December, according to ADP, which attributed the precipitous decline to the omicron variant. Read story →

Intuit CEO warns of tax bill shock for Bitcoin, NFT traders

By Joe Williams       2 min read

Sasan Goodarzi warned that Americans who invested in speculative assets like Bitcoin or nonfungible token could be dumbfounded at this year’s tax bill. Read story →

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