A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
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Upcoming Events
Daily Briefing
February 26, 2021
Upcoming Events February 26, 2021
Daily Briefing
IRS warns: Stop taking this deduction — it’s been repealed
By Jeff Stimpson      2 min read
A ‘wave’ of claims for the Domestic Production Activities Deduction sparks an alert.
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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.
Read More
5 regulatory issues to watch in 2021
By Mike Trabold
To best serve your clients, and your own firm, these are the top items to closely monitor in the year ahead.
Read More
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.
Read More
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Audit fees spike as complexity rises
By Michael Cohn      3 min read
Auditing costs have been increasing in recent years, thanks to new accounting standards and corporate acquisitions, according to a study released Thursday.
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Tax Fraud Blotter: Walk-in fall
By Jeff Stimpson      5 min read
RAP sheet; shipping out; Pelicon; and other highlights of recent tax cases.
Read More
 
RSM US announces DE&I-focused collaborative for middle market
By Sean McCabe      1 min read
The Top Five Firm welcomed 14 inaugural organizations from a wide range of industries to "actively enhance diversity, equity and inclusion within their organizations."
Read More
Generational Viewpoints: Cultivating culture at a distance
Professionals from Top 100 Firm PKF O'Connor Davis share the strategies they're using to maintain firm culture in a remote environment.
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A Trump tax break kicked off a race to redraw U.S. Census maps
By Noah Buhayar and Lydia O'Neal      11 min read
Maneuvers played out across the country as census tract boundaries were changed to accommodate wealthy investors whose projects fell outside the lines of roughly 8,700 opportunity zones. About 140 tracts grew in size.
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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.
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RESOURCES
WEB SEMINAR
Case Study in Growth: More Profitable Sales Tax Services
The COVID pandemic, along with many changes due to the rise of economic nexus, has increased the burden and complexity of managing sales tax compliance for many clients.
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The 2020 EY and LeaseAccelerator global lease accounting survey results →
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Automate your practice: A guide for accounting and bookkeeping practices →
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