DAILY BRIEFING

View in browser

November 16, 2021

Prepared for Voornaam

IRS offers online tool for U.S. withholding agents to report foreign income

By Michael Cohn       2 min read

The tool will help U.S. withholding agents comply with their reporting and withholding responsibilities with Form 1042-S. View story →

Tech News: Tools for an extended workforce

By Daniel Hood      

Lease accounting for small portfolios; smarter T&E; a host of new tech surveys; and more hardware, software and resources for accountants. View story →

RELATED

Bill.com adds new features →

Among the improvements is the ability to pay a vendor with a credit card — even if they don’t accept cards.

New blueprints for careers in accounting

By Daniel Hood      

The author of "Advice for a Successful Career in the Accounting Profession," Jerry Maginnis, shares top tips for helping young accountants optimize their careers.  View story →

Indirect tax becoming more of a challenge

By Michael Cohn       5 min read

Sales taxes have risen to an average of between 25% and 35% across countries that are part of the OECD, according to a new report.  View story →

Art of Accounting: How to move staff up

By Edward Mendlowitz       4 min read

Staff need to develop and grow if firms are going to develop and grow. View story →

SPONSOR CONTENT

Download the latest CAS Benchmark Survey Report

CAS practices reported a median growth rate of 20% better momentum than the 15% projected. Read the full report to learn more. Download now →

Bill.com adds new features

By Daniel Hood       2 min read

Among the improvements is the ability to pay a vendor with a credit card — even if they don’t accept cards. View story →

Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis.

Twitter

Facebook

LinkedIn

UHY merges in House Park Dobratz & Wiebler

By Michael Cohn       2 min read

UHY Advisors and UHY LLP are increasing their presence in Kansas City, Missouri. View story →

House eyes vote on Biden agenda as slowdown looms in Senate

By Erik Wasson, Laura Litvan and Laura Davison       5 min read

Despite a host of issues, they aim to vote this week on the roughly $2 trillion tax and spending bill. View story →

Billionaire charged in $2B tax fraud says he has dementia

By Neil Weinberg and David Voreacos       6 min read

In 2018, when federal agents raided the Bermuda home of his trust manager, leading ultimately to Robert Brockman’s indictment on charges of evading taxes on $2 billion, prosecutors say he began assembling evidence that his mind was failing. If true, he could be excused from standing trial in the largest such case in U.S. history.  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 →

Xero acquires inventory mgmt. provider

By Daniel Hood       2 min read

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

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. Read 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. Read story →

Vanilla Ice and Velcro suits

By Kyle Walters       4 min read

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

RESOURCES

WEB SEMINAR

Valuable tips and strategies to help you prepare for the 2022 tax season

Tuesday, November 16, 2021 2:00 PM EST

It’s hard to believe but tax season will be here before you know it. Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

WEB SEMINAR

2022 and beyond accounting firm technology preview

Wednesday, December 1, 2021 2:00 PM EST

The latest technologies are making it easier for firms to adapt to the rapid pace of change and handle increased pressures in the accounting profession.  Learn More →

SPONSOR CONTENT FROM Wolters Kluwer

WEB SEMINAR

Form 1099 season prep

Wednesday, December 15, 2021 2:00 PM EST

Anyone responsible for 1099 reporting at their organization would benefit from joining this webinar where you’ll learn everything you need to know about Form 1099 reporting for the upcoming tax season. Learn More →

SPONSOR CONTENT FROM Sovos

More resources →