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October 20, 2021

Prepared for Voornaam

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. View story →

$600 is now $10,000 when it comes to tax dodging, and the IRS wants to crack down

By Lynnley Browning       6 min read

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.  View story →

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Product News: Accountant-targeted guide to PDF files now available →

Billtrust acquires Credit2B, and SyncStream releases ACA audit tool.

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.  View story →

Avalara acquires property tax software maker

By Michael Cohn       2 min read

The deal expands the reach of the tax compliance software company into real and personal property taxes.  View story →

The autodidactic CPA

By Kyle Walters       5 min read

Here’s why self-taught (batteries included) professionals are rising to the top. View story →

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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. View story →

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EY announces free Masters in Business Analytics for staff

By Sean McCabe       2 min read

Ernst & Young, in association with Hult International Business School, announced the new data and AI-minded qualification is available free of charge for all global firm members. 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. View 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. 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 →

Steinhoff pair face trial over alleged $1.7B fraud

By Karin Matussek       2 min read

Two people charged over the accounting scandal at the furniture retailer must stand trial in Germany. Read story →

Senate Democrats to unveil scaled-back IRS bank-reporting plan

By Laura Davison       2 min read

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.  Read story →

Manchin casts doubt on Oct. 31 deadline to act on Biden’s agenda

By Erik Wasson and Justin Sink       3 min read

The Democratic Senator said there’s little chance that Congress can complete work on President Biden’s economic agenda by the end of the month. Read story →

IRS spotlights charity fraud awareness

By Michael Cohn       2 min read

Fraudsters have been even more active since the start of the pandemic, and many are targeting nonprofits. Read story →

Armanino launches firmwide industry certification program

By Sean McCabe       2 min read

The Top 25 Firm has announced Industry Edge, a three-level learning certificate program for its staff members focused on industry-specific knowledge. Read story →

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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

Many professionals would agree that the last two tax seasons have been challenging, with both federal and state government entities implementing new pandemic-related legislation and extending filing deadlines. Learn More →

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Thursday, November 4, 2021 1:00 PM EDT

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ASC 842 and GASB 87 – Top three challenges of compliance

Wednesday, November 17, 2021 2:00 PM EST

Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size.  Learn More →

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