The Financial Crimes Enforcement Network issued a warning about the widening range of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.
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Upcoming Events
Daily Briefing
February 25, 2021
Upcoming Events February 25, 2021
Daily Briefing
Treasury sees jump in stimulus payment fraud
By Michael Cohn      2 min read
The Financial Crimes Enforcement Network issued a warning about the widening range of scams involving Economic Impact Payments aimed at recipients of COVID-19 relief.
Read More
 
4 things to know about the federal solar power tax credit
By Jayson Waller
More and more accountants are recommending their homeowner clients consider solar panels. Here’s why.
Read More
The unbalanced balance sheet: Make intangibles count
By Wes Bricker      3 min read
The lens through which we view a company affects how we measure success. A more complete picture contributes to a more unified understanding of value.
Read More
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.
Read More
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5+ Internal Fraud Red Flags to Watch For
Learn what’s created the perfect opportunity for employees to commit fraud, 5+ common fraud indicators, and how to detect (and even prevent) it with technology.
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IRS faces obstacles uncovering noncompliance of tax-exempt groups
By Michael Cohn      4 min read
The Internal Revenue Service is confronting some barriers in detecting improper conduct by tax-exempt organizations that abuse the federal tax laws.
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PwC rolls out tax and accounting AI apps
By Michael Cohn      4 min read
PricewaterhouseCoopers is turning some of the digital tools it developed internally to train its staff into artificial intelligence products its clients can use in their finance departments.
Read More
 
Boomer’s Blueprint: Virtual — exposure and opportunity
By L. Gary Boomer      6 min read
Gary Boomer shares five lessons for the future for accountants.
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In the blogs: Fun times ahead
By Jeff Stimpson      3 min read
Delaying filing; inbox anxiety; a new voice; and other highlights from our favorite tax bloggers.
Read More
 
Congress asks IRS to help ID theft victims with stolen unemployment benefits
By Michael Cohn      3 min read
Leaders of the House Ways and Means Committee want the Internal Revenue Service to assist taxpayers who are getting information returns in the mail for unemployment benefits they never received.
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SEC suspends ex-KPMG auditors over audits of defunct college
By Michael Cohn      3 min read
The Securities and Exchange Commission suspended two former KPMG auditors accused of improper professional conduct during an audit of the now defunct College of New Rochelle.
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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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