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July 30, 2021

Prepared for Voornaam

IRS proposes new rules for e-filing information returns

By Michael Cohn       3 min read

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper. Read story →

Accounting Today names 2021 Best Firms to Work For

By Daniel Hood       2 min read

The annual list recognizes the 100 top workplaces in the profession. Read story →

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Rethink employee learning, or accounting will face the Great Resignation

By Michael Ramos       8 min read

In the new reality, a firm must accelerate the development of its staff. Read story →

PwC wins ruling against auditor whistleblower who sued over termination

By Michael Cohn       4 min read

A federal judge in San Francisco ruled in favor of PricewaterhouseCoopers in a case involving a former employee who sued PwC for firing him after he complained about conflicts of interest among audit clients. Read story →

Are non-compete agreements now unenforceable?

By Joel Sinkin, Terrence Putney       5 min read

A presidential executive order raises questions about a tool that accounting firms often rely on. Read story →

IRS opens tax pro accounts

By Michael Cohn       4 min read

The Internal Revenue Service has begun offering online Tax Pro Accounts that practitioners can use for submitting an authorization request to an individual client’s own taxes online with the IRS. Read story →

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SBA to open streamlined PPP loan forgiveness portal

By Michael Cohn       3 min read

The U.S. Small Business Administration will be unveiling an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their bank. Read story →

Wyden introduces bill to overhaul pass-through deduction and expand to accountants

By Michael Cohn       6 min read

The Senate Finance Committee chairman's legislation would streamline the 199A deduction for qualified business income, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000. Read story →

Britney Spears asks PwC alum to take over conservatorship

By Ranica Arrowsmith       2 min read

Jason Rubin is a CPA with extensive experience in forensic, investigative accounting, and conservatorships.  Read story →

Congress proposes to restore tax deductions for performing artists

By Michael Cohn       4 min read

Two lawmakers in the House reintroduced bipartisan legislation Wednesday to change a provision in the Tax Cuts and Jobs Act that makes it difficult for performers to deduct business expenses. Read story →

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