DAILY BRIEFING

View in browser

November 30, 2021

Prepared for Voornaam

IRS warns of tax-related identity theft during holiday season

By Michael Cohn       5 min read

The Internal Revenue Service and its partners in state tax authorities and the tax preparation industry are teaming up this week on a special campaign to highlight the dangers of tax scams and identity theft at this time of year. View story →

Share your knowledge of cybersecurity challenges and best practices

Please take our brief [less than 10-minute] cybersecurity survey. Your insights will be used in special upcoming editorial coverage —and we'll make a donation to the National Veterans Foundation for each response.  Take the survey →

Accounting Today

Editorial Team

Marcum provides year-end tax guide

By Michael Cohn       2 min read

The Top 20 Firm released its 2021 Year-End Tax Guide, providing a wide range of tax-planning strategies and considerations for next year. View story →

RELATED

Luckin Coffee raises funds amid auditor swap →

The disgraced Chinese coffee chain replaced its auditor and said it secured $250 million in funds from a pair of private equity firms.

The best benefits for accountants

Mike Monahan and Lou Ann Hutchison of Grant Thornton discuss how the pandemic is changing the benefits accounting firms offer staff. View story →

Art of Accounting: Is anything new after eight years?

By Edward Mendlowitz       4 min read

The type of work and how it is done certainly have changed, but not the expectations for performance and how it’s evaluated. View story →

Boomer’s Blueprint: The Exponential Firm

By L. Gary Boomer       4 min read

Leveraging new organizational techniques in five key areas can have a disproportionally large impact. View story →

SPONSOR CONTENT

Deliver audits that are compliant, consistent, efficient and valuable.

Learn how the award winning Inflo Workpapers, combines trial balance capabilities, accountability workflow and work paper management with Inflo’s broader capabilities to deliver a complete Digital Audit approach. WATCH NOW →

Eide Bailly merges in PWB

By Michael Cohn       2 min read

The Top 20 Firm is adding a firm based in the Minneapolis-St. Paul area. View story →

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

Twitter

Facebook

LinkedIn

SEC offers accounting guidance on ‘spring-loaded’ compensation awards

By Michael Cohn       2 min read

The staff at the Securities and Exchange Commission released guidance Monday for companies about how to properly recognize and disclose compensation costs for “spring-loaded awards” they hand out to executives. View story →

Google Ireland agrees to pay $245M in backdated tax

By Nate Lanxon       1 min read

The Alphabet subsidiary said it would pay 218 million euros in backdated corporation tax to Irish authorities. View story →

Trump COO won’t be charged in N.Y. tax-fraud case, lawyer says

By Patricia Hurtado       1 min read

Matthew Calamari's lawyer says he won’t be charged in a tax-fraud case in which the company and its longtime CFO have already been indicted. View story →

Juventus offices searched in soccer player accounting probe

By Alessandra Migliaccio       1 min read

The football club's offices were searched by Italian financial police seeking information about player trading between 2019 and 2021. View story →

Tax Fraud Blotter: Ill repute

By Jeff Stimpson       6 min read

Bouncy bouncy; PPP penalty; doughnut try this at home; and other highlights of recent tax cases. Read story →

On the move: MACPA sponsors annual CPA swearing-in ceremony

By Danielle Lee      

KSPCA elects 2021-22 officers, directors and trustees; Somerset CPAs promotes five to senior manager; and more CPA news.  Read story →

IRS proposes tax rules related to COVID-19 testing

By Michael Cohn       2 min read

The Internal Revenue Service released proposed regulations that can help taxpayers, employers and insurers navigate the complex tax rules surrounding COVID-19 testing and health insurance coverage. Read story →

Warren Averett gets investment from Wealth Partners Capital Group

By Michael Cohn       6 min read

Warren Averett became the latest accounting firm to receive capital from a private equity or investment firm, but in this case the money will go to the firm’s asset management subsidiary, which hopes to make future deals with other CPA firms to acquire their wealth management practices. Read story →

Why it’s important to thank your team

By Amy Vetter       3 min read

Almost 80% of people who recently cited a job cited lack of appreciation as a reason. Read story →

RESOURCES

WEB SEMINAR

Using Salesforce to automate the exemption certificate life cycle

Tuesday, November 30, 2021 2:00 PM EST

Most businesses engage in exempt sales, including sales for resale. As tax and finance managers, you may be all too familiar with the complexity of managing exemption certificates within or independently of your Salesforce environment. Learn More →

SPONSOR CONTENT FROM THOMSON REUTERS

EBOOK

Myths & risks of using spreadsheets for lease accounting

In this guide, see how spreadsheets can increase risk and why a purpose-built application matters.  Download Now →

SPONSOR CONTENT FROM EZLease

REPORT

Boutique firm must-haves to enable growth in 2022

As a boutique firm owner, learn what it takes to continue enabling your growth in 2022. Covering topics around hiring top talent, customer service, consistent cash flow, security and more. Learn More →

SPONSOR CONTENT FROM Harness Tax

More resources →