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DAILY BRIEFING

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May 11, 2021

Prepared for Voornaam

IRS increases HSA amounts for inflation for 2022

By Michael Cohn       2 min read

The Internal Revenue Service is adjusting the limits for health savings accounts and high deductible health plans for inflation in new guidance Monday. View story →

IRS to warn eligible EAs to renew

By Jeff Stimpson       1 min read

Enrolled Agents who need to re-up during the current cycle should receive a letter soon. View story →

RELATED

NAEA appoints new EVP and chief of staff →

The National Association of Enrolled Agents has named association executive Megan Killian to effectively lead the organization.

How to take leadership on diversity and equality

By Amy Vetter      

Businesses today are expected to have values and live by them, a trend which has only been accelerated due to the pandemic and the rise of Gen Z consumers. View story →

Art of Accounting: A guide to client accounting services

By Edward Mendlowitz       3 min read

A new book from Hitendra Patil explains how accountants can leverage CAS. View story →

AICPA asks IRS for tax relief for inventory liquidations

By Michael Cohn       3 min read

The Institute wants help for businesses facing foreign trade obstacles to maintaining inventory during the pandemic. View story →

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The downside of auditor rotation

By Daniel Hood      

Recent research from University of Kansas business professor Amanda Winn suggests that partner rotation and PCAOB inspections may have some unintended effects.   View story →

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Marcum merges in finance outsourcing firm

By Michael Cohn       2 min read

The Top 20 Firm has added Boston-based Starter-Fluid, which offers outsourced finance, accounting and executive support services. View story →

Ted on Tech: Is your work-from-anywhere office industrial grade?

By Ted Needleman       5 min read

Working from home is ubiquitous now. Let's talk about making the home office as powerful as possible.  View story →

Taxing virtual currencies: A new technology challenge

By Amanda Wilkie       5 min read

Firms need to prepare themselves to handle the tax and reporting challenges surrounding their clients' crypto-assets. View story →

Biden meeting with GOP leaders at pivotal point for dealmaking

By Erik Wasson       5 min read

April's hiring shortfall stiffened Republican opposition to the tax increases on the wealthy and corporations that are a central part of the administration's package. View story →

Gary Gensler has an auditing problem

By Chris Hughes       4 min read

The new SEC chair should prevent high-earning audit partners from being beholden to the managers of the clients whose accounts they scrutinize. Read story →

IRS struggles to fill jobs, deal with backlog through difficult tax season

By Michael Cohn       4 min read

The Internal Revenue Service is having a hard time hiring enough staff to help it get through this year’s extended tax season and overcome its backlog of unprocessed tax returns. Read story →

‘We Build The Wall’ co-founder Kolfage indicted in tax case

By David Voreacos       2 min read

Brian Kolfage, whose work with Stephen Bannon to raise money for a U.S.-Mexico border wall resulted in a federal fraud indictment last year, faces new tax fraud charges. Read story →

RSM acquires practice from Rego

By Michael Cohn       2 min read

RSM US is buying Rego Consulting’s ServiceNow workflow automation practice and plans to combine it with RSM’s own.  Read story →

3 risks you’re overlooking with return-to-work policies

By Scott Madenburg       4 min read

Before rushing employees back into the office, slow down and assess the situation. Read story →

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What is the new finance technology stack for SaaS companies?

Wednesday, June 16, 2021 2:00 PM EDT

Quickly reporting on your SaaS metrics, and forecasting your cash, billings, and revenue, are the holy grail to scaling your SaaS business. But what is the right finance stack to put in to produce the data faster and more consistently? Learn More →

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