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IRS begins distributing monthly child tax credit payments

By Michael Cohn       6 min read

The IRS and the Treasury started disbursing advance monthly payments Thursday of the expanded Child Tax Credit in a program that aims to lift millions of families out of poverty.  Read story →

IRS switched strategies for pursuing wealthy, but came up short

By Michael Cohn       5 min read

The Internal Revenue Service ended a strategy for examining high-income taxpayers in 2017 and switched to another strategy that brought in far less tax revenue in the next few years. Read story →

Art of Accounting: An accountant I did not like

By Edward Mendlowitz       3 min read

Some people might have ulterior or selfish reasons for doing something, but that doesn’t negate what you can learn from them. Read story →

How accounting firms can protect against remote work security threats

By Douglas G. Schultz, Sarah A. Lynn       4 min read

With millions of more Americans now telecommuting, accounting firm leaders need to know how to prevent data breaches and information theft. Read story →

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Why Lease Accounting Software Fails

9 Key Functional Deficiencies Driving Companies to Replace ASC 842 Software Read More →

Not again: Avoid chaos when new tax regulations kick in

By Benjamin Alarie       4 min read

National tax offices were flooded with more than 500 inquiries a day from their field offices after the 2017 tax law, and a confused response cost some accounting firms clients. What lessons can be learned? Read story →

The accounting principle that helps keep Bitcoin from broader acceptance

By Shuli Ren       3 min read

Accounting firms are restricting corporations from holding the cryptocurrency as assets even as they give free rein to venture capital firms to invest in equally risky and volatile unicorns.  Read story →

IRS urges tax pros to beef up security this summer

By Michael Cohn       5 min read

The Internal Revenue Service has launched a campaign this summer to persuade tax professionals to improve their cybersecurity amid an escalating series of ransomware attacks around the world. Read story →

Accountants expect strong economic recovery this year

By Michael Cohn       4 min read

Accountants are anticipating the global economy will return to pre-pandemic levels in the second half of this year, despite worries about inflation, according to a new survey. Read story →

Ivix receives $13M in funding to help fight tax evasion

By Michael Cohn       2 min read

The Israeli technology company is advised by former IRS officials and current PwC execs. Read story →

SEC intensifies scrutiny of crypto

By Michael Cohn       5 min read

The Securities and Exchange Commission is ramping up enforcement against cryptocurrency providers, as the Internal Revenue Service has also stepped up investigations and compliance efforts. Read story →

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Why lease accounting software systems fail: 9 key functional deficiencies driving companies to replace ASC 842 software

Wednesday, July 21, 2021 2:00 PM EDT

Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that.  Learn More →

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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 →

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Post-tax season 2021 survey: The “new normal” for accounting firms

A new survey reveals which changes accounting firms made to their businesses in 2020—and which will be permanent.  Download Now →

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