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October 25, 2021

Prepared for Voornaam

IRS offers help to employers who are rehiring retirees amid labor shortage

By Michael Cohn       2 min read

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market. View story →

On the move: Connecticut Professionals’ Leadership Academy graduates inaugural class

By Danielle Lee      

Deloitte wins five International Tax Review awards; RKL promotes 13; and more CPA news.  View story →

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On the move: HCJ hires business advisory services leader →

FICPA appoints CFO and announces annual summit; Weaver promotes pair to partners-in-charge of alternative investment funds practice; and more CPA news.

4 ways to cultivate a positive work culture

By Amy Vetter      

Positive culture creates an atmosphere that fosters staff loyalty, success and productivity. View story →

Leverage tax breaks to enhance employee well-being

By Iralma Pozo       4 min read

Here are some tips for accounting firms to advise their clients and internal teams to invest in employee wellness. View story →

College athletes face new tax obligations

By Michael Cohn       5 min read

The NCAA began allowing university athletes to earn money from their name, image and likeness this summer, and now they could find themselves owing taxes for the first time in their lives. View story →

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IMA opens two academic case competitions

By Sean McCabe       2 min read

The Institute of Management Accountants is accepting entries for its 2022 Student Case Competition and its annual Carl Menconi Ethics Case Writing Competition. View story →

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Eide Bailly announces 2021 'Resourcefullness' award winners

By Sean McCabe       1 min read

The Top 100 Firm highlighted nonprofits across Arizona, Colorado, Minnesota, Nevada and North Dakota for their creativity and “sustainable revenue ideas.” View story →

IESBA updates ethics handbook

By Michael Cohn       2 min read

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.  View story →

Biden says he doesn’t see votes to raise tax rates in deal

By Jenny Leonard and Josh Wingrove       3 min read

Democratic negotiators have been working to address opposition from Senator Kyrsten Sinema, an Arizona moderate, to boosting rates.  View story →

Biden hunts for cash to fund agenda after setback on tax rates

By Laura Davison       5 min read

President Joe Biden’s acknowledgement that he doesn’t have sufficient Senate Democratic backing for his proposed increase in the U.S. corporate tax rate gives fresh impetus to efforts by negotiators to find alternative revenue sources for a sweeping social-spending bill. View story →

Sinema agrees to broad tax hike outline to fund Biden agenda

By Laura Litvan, Erik Wasson and Laura Davison       2 min read

The Arizona Democrat — who has opposed raising rates on corporations and individuals — will back ways of increasing revenue from domestic corporations, global companies, high net-worth individuals and through tax enforcement. Read story →

Tax Fraud Blotter: Energetic crooks

By Jeff Stimpson       6 min read

Riviera rip-off; questionable deductions; fled the country; and other highlights of recent tax cases. Read story →

Time to renew those PTINs

By Jeff Stimpson       1 min read

The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31. Read story →

Businesses spend heavily on sales tax compliance

By Michael Cohn       3 min read

Midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000, according to a new survey. Read story →

ConvergenceCoaching launches video series on remote work management

By Sean McCabe       2 min read

The consulting firm announced its Remote and Blended Work Video Learning Programs to help accounting firms manage the sudden rise in remote and hybrid work due to the COVID-19 pandemic. Read story →

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