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October 21, 2021

Prepared for Voornaam

Female leadership grew despite pandemic

By Sean McCabe       3 min read

The 2021 Accounting MOVE Project issued its annual report on female representation and leadership in accounting. View story →

Tax pros are uncertain about the future of research expenses

By Shaun Hunley       3 min read

Under the 2017 Tax Cuts and Jobs Act, R&E expenses paid or incurred after 2021 must be capitalized and amortized over five years (15 years if research is performed overseas). View story →

RELATED

IRS begins using videoconferencing to meet with big businesses →

The Internal Revenue Service’s Large Business and International division is starting to use videoconferencing to meet with big companies virtually to resolve their tax issues.

Cyber insurance costs boom, and other tech trends you may have missed

By Gene Marks      

New hardware from Microsoft, crypto regs, and eight other developments that happened in technology this past month, and how they’ll impact your clients and your firm.  View story →

IMA highlights central role of ethics in accounting

By Michael Cohn       6 min read

The institute is highlighting the work it’s been doing to improve ethics for accountants, while acknowledging that more needs to be done. View story →

AICPA names 2021 Gold Medal Award of Distinction recipient

By Sean McCabe       2 min read

The American Institute of CPAs has awarded Belverd (Bel) Needles the organization's highest honor. View story →

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Sovos to acquire Digital Planet

By Michael Cohn       2 min read

The Boston-based tax compliance software provider is expanding its presence in Turkey and parts of Europe.  View story →

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Deloitte teams with AuditBoard

By Michael Cohn       2 min read

Deloitte & Touche announced a strategic alliance with audit technology provider AuditBoard in conjunction with AuditBoard’s user conference this week in Los Angeles.  View story →

SALT cap still in play as Democrats slash spending plan

By Laura Davison and Erik Wasson       3 min read

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes. View story →

Finance can save the planet. It just needs better data.

By Mark Gilbert       3 min read

Accounting standards, measurements of risk and return and thematic-driven strategies have all been refined and improved in recent years. View story →

Democrats float $10K threshold for bank-account reporting

By Laura Davison       4 min read

Lawmakers are rejiggering the proposal after a wave of criticism by Republicans and bank lobbyists. View story →

In the blogs: Scary stuff

By Jeff Stimpson       3 min read

South Dakota’s new industry; a little clarity on contractors; the IRS and collections; and other highlights from our favorite tax bloggers. Read story →

Congressional proposal would speed disaster tax relief

By Michael Cohn       3 min read

The Internal Revenue Service has been extending tax relief to Americans affected by natural disasters like hurricanes and wildfires, but recent legislation could make it easier to qualify for federal tax relief. Read story →

GASB renames financial report to avoid racist connotations

By Michael Cohn       2 min read

The board is changing the term Comprehensive Annual Financial Report because the abbreviation is often pronounced the same way as a derogatory term. Read story →

M&A roundup: PwC, Sikich and Withum make deals

By Michael Cohn      

Clayton, Dubilier and Rice is acquiring PwC’s Global Mobility Tax and Immigration Services business; Sikich is buying PA Group USA; and Withum is merging in MM&Co.  Read story →

Opposition grows to IRS bank reporting proposal

By Roger Russell       3 min read

Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns. Read story →

RESOURCES

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Post extension season process improvements to enrich client relationships and maximize billable hours

Thursday, October 21, 2021 2:00 PM EDT

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ASC 842 and GASB 87 – Top three challenges of compliance

Wednesday, November 17, 2021 2:00 PM EST

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A roadmap to tax season

Thursday, November 18, 2021 2:00 PM EST

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