DAILY BRIEFING

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November 11, 2021

Prepared for Voornaam

IRS adjusts tax levels for inflation in 2022, raises standard deduction

By Michael Cohn       3 min read

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers. View story →

FASB decides not to delay leases standard for private cos., nonprofits

By Michael Cohn       3 min read

The Financial Accounting Standards Board voted Wednesday against deferring the lease accounting standard for a third time for private companies and not-for-profit organizations. View story →

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Sage highlights automation, mobile features →

The software developer's annual user conference kicked off with a look at future capabilities.

RSM US taps next CEO

By Michael Cohn       3 min read

The Top Eight Firm has named the leader of the firm’s consulting practice, Brian Becker, as its next MP and CEO. View story →

The year-round accountant, a trusted partner for businesses

By Timothy Ball       3 min read

With today marking International Accounting Day, now is the time to remind clients just how much we have to offer outside of audits and tax compliance.  View story →

IMA withdraws from conference over Myanmar issue

By Michael Cohn       3 min read

The institute joins two other groups in withdrawing because of the involvement of officials from Myanmar. View story →

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Audit committee disclosures in proxy statements keep increasing

By Michael Cohn       2 min read

Audit committees at public companies have been upping the amount of disclosures they have been providing in proxy statements, especially when it comes to cybersecurity and non-audit services. View story →

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Internal auditors prepare for post-pandemic risks

By Michael Cohn       2 min read

Internal auditors are keeping a close eye on emerging risks as the COVID-19 pandemic continues, with cybersecurity at the top of the priority list. View story →

Sage highlights automation, mobile features

By Daniel Hood       4 min read

The software developer's annual user conference kicked off with a look at future capabilities. View story →

Biden agenda faces revenue doubt with IRS boost likely left out

By Colin Wilhelm and Michael Bologna       3 min read

A major IRS enforcement boost will likely be omitted from a forthcoming top-line revenue estimate of Democrats’ tax-and-spend package, complicating the question of whether the legislation will be fully “paid for” as President Joe Biden has promised. View story →

M&A roundup: Baker Tilly, Blue and AAB expand

By Michael Cohn      

Baker Tilly plans to acquire The Compliance Group; Blue & Co. partially acquires Stuedle, Spears, & Company; and Anderson Anderson & Brown merges in Sagars. View story →

In the blogs: Beneficial outcomes

By Jeff Stimpson       3 min read

Infrastructure and crypto; how pros would tackle tax policy; withholdings and non-resident employees; and other highlights from our favorite tax bloggers. Read story →

Minority audit partners face discrimination, research finds

By Sean McCabe       2 min read

A research team from Bentley University found that ethnic minority audit partners face significant bias and discrimination compared to their white counterparts. Read story →

FASB considering delay in leases standard for private cos.

By Michael Cohn       4 min read

The board will be considering a proposal at a meeting Wednesday to postpone the standard for another two years.  Read story →

Sage adds Zapier to marketplace

By Daniel Hood       1 min read

The workflow automation platform joins the 4,000 other apps available to Sage users. Read story →

Acct'g groups pressed to withdraw from conference over Myanmar coup

By Michael Cohn       2 min read

CPA Australia and CA ANZ have withdrawn from an upcoming conference in Singapore due to the involvement of officials from Myanmar. Read story →

RESOURCES

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The top 3 transformations in accounting: Surviving the shifting roles of the CFO

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Wednesday, December 1, 2021 2:00 PM EST

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