DAILY BRIEFING

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September 3, 2021

Prepared for Voornaam

IRS permanently allows e-signatures on dozens of tax forms

By Michael Cohn       3 min read

The Internal Revenue Service has extended the ability to digitally sign a wide variety of tax forms indefinitely, enshrining a temporary grant of relief for the pandemic into a more permanent policy. View story →

M&A roundup: CBIZ, DHG, Hawkins Ash, Meaden & Moore, and Deloitte expand

By Michael Cohn      

CBIZ acquired Shea Labagh Dobberstein; Dixon Hughes Goodman integrated Burkhart & Co.; Hawkins Ash CPAs merged in Roberts, Ritschke & Tyczkowski; Meaden & Moore acquired Long Cook & Samsa; and Deloitte added a legal services team. View story →

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Accounting firms accelerate ESG services as climate risks increase →

Climate change is prompting more accountants to get involved in environmental, social and governance services.

SBA forgiveness portal helps PPP borrowers, but uncertainties remain

By Michael Cohn       7 min read

The portal offer a streamlined way to seek loan forgiveness, but accountants are watching for the revenue reduction scores the SBA is using to make determinations. View story →

IRS lists R&D tax credit among its Dirty Dozen, so is it still safe to claim?

By David Seibel       4 min read

Certain firms are aggressively marketing the research credit to taxpayers who don’t qualify in the first place. View story →

Eide Bailly CIO becomes new ITA chair

By Ranica Arrowsmith       1 min read

The ITA has named its new board.  View story →

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AICPA names 2021 George Willie Scholarship and Internship recipients

By Sean McCabe       2 min read

The American Institute of CPAs honored 10 ethnic minority accounting students with scholarships worth up to $20,000 each for pursuing the CPA license. View story →

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Leading business owners to the exit

By John P. Napolitano       6 min read

Clients need to start planning for a potential sale of their business now. View story →

Hedge fund founder to pay IRS billions in back taxes

By Zachary R. Mider       2 min read

The founder of Renaissance Technologies and his colleagues will pay billions to resolve one of the biggest tax disputes in U.S. history.  View story →

The very rich already have a plan to escape Biden’s tax increase

By Ben Steverman       5 min read

Many on Wall Street think they’ve found just the thing to hide from a tax hike. View story →

Billions paid in fraudulent pandemic aid, watchdog finds

By Laura Davison       2 min read

Fraud or improper payments accounted for more than $90 billion of the government’s emergency aid for the unemployed and small businesses. View story →

Trump Organization employees to testify before grand jury in tax fraud case

By Patricia Hurtado       2 min read

The organization’s corporate director of security will testify before a grand jury investigating former President Trump’s company and its business affairs. Read story →

Tax Fraud Blotter: No free lunch

By Jeff Stimpson       5 min read

Everybody’s All-American thief; getting a new kind of number; out of a job; and other highlights of recent tax cases. Read story →

NASBA announces 2021 Accounting Education Research Grants recipients

By Sean McCabe       1 min read

The National Association of State Boards of Accountancy awarded a research grant to a team of postdoctoral researchers for advancing accounting education. Read story →

Are the DOJ and IRS backpedaling on considering cryptocurrency as property?

By Charles Kolstad       3 min read

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes. Read story →

Baker Tilly to acquire accounting tech services company

By Michael Cohn       2 min read

The Chicago-based firm plans to acquire a top Houston-based SageIntacct partner.  Read story →

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