| The Internal Revenue Service issued its annual inflation adjustments Monday for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts and more. | IRS adjusts tax item amounts for 2021 due to inflation → | | By Michael Cohn 3 min read | | The Internal Revenue Service issued its annual inflation adjustments Monday for tax year 2021, revising more than 60 tax provisions, including tax rate schedules, standard deduction amounts and more. | |
| Corvee releases tax planning software → | | By Ranica Arrowsmith 1 min read | | Corvee, which recently rebranded from AccountingTax.com, has released a new tax planning software billed as able to help accountants plan proactively and strategically for their clients. | |
| Art of Accounting: 2 days of free CPE last week → | | By Edward Mendlowitz 5 min read | | Last week I spent parts of two days at the Accounting & Finance Show USA and, from what I could tell, it was very well attended and organized and the virtual meetings were held without any hitches. | |
| The rising profile of ESG reporting → | | Investors and other stakeholders are showing a growing interest in environmental, social and governance reporting, according to KPMG partner Maura Hodge, and there's a major role for auditors in serving that interest. | |
| FASB proposes to clarify accounting for forwards and options → | | By Michael Cohn 1 min read | | The proposed accounting standards update aims to clarify an issuer’s accounting for certain modifications of equity-classified forwards and options (such as warrants) that remain equity classified after their modification. | |
| CFOs face growing demands amid coronavirus → | | By Michael Cohn 2 min read | | CFOs and senior finance executives are dealing with a growing number of responsibilities and demands as a result of the novel coronavirus pandemic, according to a new report. | |
| Access Denied episode 1: The wealth effect → | | By Maddy Perkins, Tobias Salinger | | Net worth disparities and the role housing and mortgage discrimination play in Black homeownership show that it's impossible to close the gaps without eliminating racism. | |
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