BEST

Deloitte commits $75M toward diverse CPAs

By Sean McCabe       4 min read

The Big Four firm has launched the Making Accounting Diverse and Equitable initiative in an effort to reach Black and Latinx accounting candidates earlier in their lives and provide future professionals with lifelong resources. Read story →

The accountant’s survival trap: 10 ways to escape

By Chase Birky      

Accountants can get caught up in and endless "busy season," but this serves neither the professional nor the client.  Read story →

Shakeup at the PCAOB: SEC removes Duhnke, plans new board members

By Michael Cohn       2 min read

The SEC abruptly fired William Duhnke as chairman of the Public Company Accounting Oversight Board. As part of the shakeup, PCAOB board member Duane DesParte will become acting chair, but the SEC plans to replace the entire slate of board members. Read story →

Tax changes in the wind

By John P. Napolitano       6 min read

Financial planning clients need to start preparing for potential legislative upheavals now. Read story →

Biden targets a tax break that helped Trump build his fortune

By David Kocieniewski and Caleb Melby       8 min read

The so-called 1031 like-kind exchange rule was created a century ago to aid family farmers. Read story →

Big tax bills to hit even modest inheritances if step-up in basis narrows

By Lynnley Browning       5 min read

"Inheritors are going to get killed" under the White House’s proposal to put the brakes on tax-free intergenerational transfers of wealth. Read story →

The 2021 Billion-Dollar Wealth Magnets

By Daniel Hood      

The leading CPA financial planners with over $1 billion in assets under management Read story →

SALT cap confounds doomsayers as fears of exodus prove overblown

By Jonathan Levin       2 min read

Contrary to the dire predictions at the time, the massive overhaul of the nation’s Tax Code during Donald Trump’s presidency had a negligible initial impact on the nation’s domestic migration patterns, new data from the Internal Revenue Service show. Read story →

Ultrarich fleeing to Puerto Rico find the IRS already waiting

By Donna Borak       6 min read

Private wealth clients, hedge fund managers and cryptocurrency traders fleeing to Puerto Rico for its huge tax breaks — and to escape President Joe Biden’s proposed capital gains tax increases — are now the focus of a sweeping Internal Revenue Service review. Read story →

Auditors focusing more on ESG risks

By Michael Cohn       4 min read

As companies come under increasing pressure to deal with climate change and diversity, their internal auditors are putting more emphasis on making sure environmental, social and governance reports are reliable. Read story →

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