DAILY BRIEFING

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August 5, 2021

Prepared for Voornaam

Protect yourself: Top tips for firm security

By Ted Needleman      

Tech experts from across the profession share 14 of their best tips for protecting you and your clients. View story →

How is your organization doing on diversity, equity and inclusion?

Please share your workplace insights and experiences when it comes to DEI in our short survey. As a thank you, we'll be making a donation to the ASPCA to help animals in need. Take the survey →

Accounting Today

Editorial Team

IRS offers further guidance on employee retention credit, even as Congress may end it soon

By Michael Cohn       4 min read

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan. View story →

RELATED

Private sector added 330K jobs in July →

The economy showed signs of a boost despite increasing worries over the Delta variant of COVID-19, according to ADP.

7 tips to increase your revenue with client accounting services

By Edward D. Warren      

If you want to grow income from your CAS practice, you may need to rethink your entire strategy. View story →

‘Great Resignation’ envy

By Daniel Hood       3 min read

As if the war for talent in accounting wasn't bad enough, firms now need to face the possibility of mass job-hopping. View story →

Tax Strategy: Helping your clients with CTC advance payments

By Mark A. Luscombe       6 min read

Changes to the Child Tax Credit may require a second look as the system gets simultaneously simpler and more complex. View story →

SPONSOR CONTENT

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Whether you’re looking for an all-in-one audit solution, or you want to transform your audit processes, Inflo can help shape your firm and how you serve your clients for decades to come. Learn More →

IMA expands diversity efforts for accountants

By Michael Cohn       6 min read

The Institute of Management Accountants is planning to increase its efforts to promote greater diversity in the accounting profession with a new director of diversity, equity and inclusion, Darryl Jackson. View story →

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Data analysis and forecasting software: Taking a look into the future

By Ted Needleman       9 min read

These are critical tools for the accounting firms of the future, and the services they want to bring to clients. View story →

Finding the oasis in an employee desert

By Chelsea Cloak       5 min read

There are many ways to attract top accounting and finance talent during a quality labor shortage. View story →

Private sector added 330K jobs in July

By Michael Cohn       2 min read

The economy showed signs of a boost despite increasing worries over the Delta variant of COVID-19, according to ADP. View story →

In the blogs: Slight detours

By Jeff Stimpson       4 min read

The problem with some tax credits; a PPP forgiveness portal; crypto replies; and other highlights from our favorite tax bloggers. View story →

Trump lawyers say tax-return demand ‘retaliation’ by rivals

By David Yaffe-Bellany       2 min read

Lawyers for former President Donald Trump are asking a federal judge to block the release of his tax returns to Congress, saying Democrats’ pursuit of the documents amounts to political retaliation. Read story →

Crypto rules in Senate bill eyed for bipartisan rewrite

By Laura Davison and Allyson Versprille       3 min read

Senators Ron Wyden and Pat Toomey are drafting a proposal to overhaul a cryptocurrency provision in the $550 billion bipartisan infrastructure bill that traders and investors have criticized as being overly broad and impractical. Read story →

IRS updates: Restarting the income tax levy program, and more

By Roger Russell      

NCCPAP’s Stephen Mankowski offers news about the IRS Office of Promoter investigations, Forms 940X and 941, and more. Read story →

Illinois CPA Society honors 2021 Women to Watch

By Sean McCabe       1 min read

The state society honored four female professionals across Experienced and Emerging Leader categories. Read story →

M&A roundup: Grassi, YHB, ATA and DJH expand

By Michael Cohn      

Grassi acquired S&Z Fund Services; Yount, Hyde and Barbour merged in Rowles & Co.; Alexander Thompson Arnold acquired Teasler CPA; and DJH Mitten Clarke added Lloyd Piggott. Read story →

RESOURCES

WEB SEMINAR

Bankers and accountants in the anticipation economy

Thursday, August 12, 2021 2:00 PM EDT

Customers, investors, regulators and other stakeholders’ expectations of bankers are rapidly evolving, and disruptive competitors are targeting our most profitable customers.  Learn More →

SPONSOR CONTENT FROM MOODY'S ANALYTICS

WEB SEMINAR

5 questions CFOs should be asking controllers

Wednesday, August 25, 2021 2:00 PM EDT

Join us as we bring together CFOs and controllers to talk about the essential questions that need to be asked to better plan and execute strategies for digital acceleration of the finance organization. Learn More →

SPONSOR CONTENT FROM SAGE INTACCT

WHITEPAPER

The top 10 benefits of a smart accounts payable solution for finance teams

Are you using a smart AP solution? Learn what a smart AP solution is and why it’s critical for your finance team’s success. Download Now →

SPONSOR CONTENT FROM GLEAN

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