DAILY BRIEFING

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November 15, 2021

Prepared for Voornaam

New IRS rules for R&D credits causing angst

By Michael Cohn       7 min read

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals. View story →

On the move: CohnReznick opens Miami office

By Danielle Lee      

RSM names next MP and CEO; BPM establishes ESG practice; and more CPA news.  View story →

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On the move: RKL rehires former associate as partner →

AAM names executive director; IAASB appoints new board members; and more CPA news.

Firms giving back: Armanino holds 13th annual Great Give

By Sean McCabe      

H&R Block adds employee benefits; REDW tax manager earns community service award; and more. View story →

Reinvest that PPP windfall

By Gary Shamis       2 min read

Many accounting firms ended up not needing their Paycheck Protection Program funds — but that doesn't mean they should squander them. View story →

Vanilla Ice and Velcro suits

By Kyle Walters       4 min read

Being the trusted advisor means being the problem-solver. View story →

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Xero acquires inventory mgmt. provider

By Daniel Hood       2 min read

The cloud accounting provider is spending $19 million on Locate Inventory. View story →

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Digital networks will power the future of accounting

By Daniel Hood       3 min read

Sage CTO Aaron Harris outlined the next stage of technological innovation, and trust is at its core. View story →

Donor-advised funds gave 27% more to charities amid pandemic

By Michael Cohn       6 min read

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade. View story →

SALT cap poised to get looser as Democrats debate tax relief

By Laura Davison       4 min read

Lawmakers representing high-tax areas are pushing to make the SALT deduction on federal income taxes a priority. View story →

Wirecard chapter ends with stock set to delist from exchanges

By Jan-Patrick Barnert       1 min read

The collapsed payment processor is set to depart Germany's main exchange in Frankfurt next week after an accounting scandal. View story →

Tax Fraud Blotter: Bad policies

By Jeff Stimpson       6 min read

Broken Link; pit stopped; c’mon, Man; and other highlights of recent tax cases. Read story →

FASB eases discount rate guidance for nonpublic lessees

By Michael Cohn       4 min read

The Financial Accounting Standards Board issued an update to simplify the discount rate guidance for lessees that aren’t public companies, including private companies, nonprofits and employee benefit plans. Read story →

Taxpayer Advocate no longer helping with amended returns

By Michael Cohn       3 min read

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns. Read story →

4 tips to help CPAs avoid burnout

By Justin Hatch      

CPAs put a lot of time and effort into guiding their clients to financial success, but that work can come at a cost.  Read story →

Zenwork raises $163M

By Daniel Hood       1 min read

The tax compliance software developer is aiming to fund product innovation and meet growing demand. Read story →

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