Changing rules on taxation of gambling winnings may produce some unexpected upsets.
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Upcoming Events
Daily Briefing
March 24, 2021
Upcoming Events March 24, 2021
Daily Briefing
March Madness will produce winning wager surprises
By Roger Russell      3 min read
Changing rules on taxation of gambling winnings may produce some unexpected upsets.
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Lawmakers complain of delays in stimulus payments for Social Security recipients
By Michael Cohn      4 min read
A group of House Democrats is sounding the alarm about delays in Economic Impact Payments going out to beneficiaries of safety net programs.
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Order and chaos: The trickiest parts of taxes this season
By Jeff Stimpson      3 min read
Tax practitioners share the new issues that they’re keeping an eye on.
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Pandemic tax season just got worse. Here’s what to expect now
By Lynnley Browning      4 min read
Yet another IRS change to tax rules amid the COVID pandemic is complicating tax-planning opportunities for financial advisors this filing season.
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SEC and FASB post 2021 financial reporting taxonomy
By Michael Cohn      3 min read
The Financial Accounting Standards Board said Tuesday the Securities and Exchange Commission has accepted the latest updates to the GAAP Taxonomy for filing financial statements with the SEC.
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In the blogs: Roll the credits!
By Jeff Stimpson      3 min read
When everybody wants returns; future CPAs; the lure of Tinseltown; and other highlights from our favorite tax bloggers.
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CFOs accelerate financial transformation during pandemic
By Billy Leigh      3 min read
Organizations that don't leverage these digital and technological changes risk falling behind.
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Wirecard ‘criminals’ duped us, says EY auditor
By Karin Matussek      3 min read
An Ernst & Young partner said his firm fell victim to “criminals,” rejecting allegations EY didn’t do enough to uncover wrongdoing at the now-defunct payment processor.
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Steinhoff insurers agree to pay $93M for legal claims
By Janice Kew      2 min read
Most of the insurers that provided the company with director-liability policies have agreed to pay as much as $93 million toward settlements resulting from a 2017 accounting crisis.
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Accounting groups push for longer delay to tax deadline
By Michael Cohn      4 min read
The National Conference of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments.
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RESOURCES
WEB SEMINAR
3 tips to a better peer review
The AICPA is holding Peer Reviewers more accountable, likely leading to more findings then many firms are accustomed to.
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WEB SEMINAR
A new model for auditing →
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ASC 842 – it’s time to get ready →
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