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Innovations in audit: KPMG deploys smart glasses

By Ranica Arrowsmith       3 min read

The Big Four firm was exploring what smart glasses could do before COVID-19. When the pandemic hit, they put their foot on the gas. Read story →

What every candidate needs to know about the updated CPA exam

By Nina Dorata       4 min read

The revised CPA exam will reward digital mindsets, data analytics and IT confidence. Read story →

IRS increases HSA amounts for inflation for 2022

By Michael Cohn       2 min read

The Internal Revenue Service is adjusting the limits for health savings accounts and high deductible health plans for inflation in new guidance Monday. Read story →

Companies need to be careful with accounting for crypto

By Michael Cohn       10 min read

As businesses invest in cryptocurrency and sell assets like nonfungible tokens, they should be aware of the accounting and tax issues surrounding them. Read story →

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IRS enlists TaxBit to help catch crypto cheats

By Michael Cohn       6 min read

The Internal Revenue Service has picked TaxBit, a Salt Lake City-based company, as a subcontractor to help it do data analysis and tax calculations for audits of taxpayers with cryptocurrency.  Read story →

The post-COVID tax practice: What preparers will keep doing

By Jeff Stimpson       3 min read

One thing they’ll definitely keep: not seeing every client in person. Read story →

IRS starts refunds for tax returns claiming unemployment benefits

By Michael Cohn       5 min read

The Internal Revenue Service is starting to provide tax refunds to taxpayers who paid taxes on their 2020 unemployment benefits that recent legislation later excluded from taxable income.  Read story →

3 ways HNW investors can manage Biden's tax hikes

By Lynnley Browning       4 min read

Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate. Read story →

Improper payments for refundable credits prove hard to combat for IRS

By Michael Cohn       4 min read

The EITC, the ACTC and the ACTC continue to be abused, even as they become more generous. Read story →

IRS to warn eligible EAs to renew

By Jeff Stimpson       1 min read

Enrolled Agents who need to re-up during the current cycle should receive a letter soon. Read story →

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WEB SEMINAR

Mastering lease accounting and ASC 842 implementation

Thursday, May 20, 2021 2:00 PM EDT

The ASC 842 lease accounting standard for non-public companies will be required beginning in 2022.  Learn More →

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Myths and risks of using spreadsheets for lease accounting

In this guide, see how spreadsheets increase risk and why a purpose-built application matters. Download Now →

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What clients expect from their accountants

As businesses across different industries work to improve experiences, U.S. consumers have increasingly high expectations of service, attention to detail, and convenience. So we commissioned an independent survey of U.S. taxpayers in order to get a better understanding of how the experience economy is affecting the expectations taxpayers have about their experience preparing taxes with an accountant. Learn More →

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