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August 27, 2021

Prepared for Voornaam

Oh my aching backlog: What tax pros tell clients about IRS delays

By Jeff Stimpson       5 min read

Processing delays at the Internal Revenue Service have practitioners scrambing to explain missing tax refunds. Read story →

The $1 million question of higher capital gains taxes under Biden, answered

By Lynnley Browning       4 min read

A Treasury Department spokesperson gave an answer that provides clarity for advisors with affluent clients. Read story →

RELATED

More high-income earners suffer ‘marriage penalty’ under Biden tax plan — but there’s a potential fix →

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals.

Is it too hard to become a CPA?

By Daniel Hood       3 min read

With college so expensive and the exam turning off prospective candidates, should the profession rethink the barriers of entry to its premiere credential? Read story →

EY launches Career Path Accelerator Program

By Sean McCabe       2 min read

The Big Four firm's new program aims to help more students earn their 150-credit hour CPA licensure requirements sooner through affordable and approachable training. Read story →

IRS overlooked billions in taxes from S corp execs

By Michael Cohn       3 min read

The Internal Revenue Service has stepped up efforts to collect employment taxes from S corporation officers, but business owners are still getting away with avoiding billions of dollars in taxes. Read story →

Accounting profession having trouble with recruitment

By Michael Cohn       7 min read

Accounting firms are running into difficulties filling the pipeline with new accountants as they find themselves struggling to recruit talent. Read story →

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More high-income earners suffer ‘marriage penalty’ under Biden tax plan — but there’s a potential fix

By Lynnley Browning       5 min read

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals. Read story →

The infrastructure plan's potential impact on taxpayers

By Roger Russell       7 min read

Experts and leading practitioners are looking at ways to mitigate the possible affect of the legislation from a tax perspective.  Read story →

IRS now taking applications for Compliance Assurance Process

By Jeff Stimpson       1 min read

The program helps companies resolve tax questions and issues before they file a return. Read story →

Practitioners call for fixes to the ERC

By Roger Russell       4 min read

Padgett Business Services and NCCPAP have spotted areas where the Employee Retention Credit may be hurting small businesses. Read story →

RESOURCES

WEB SEMINAR

A diagnostic deep dive

Tuesday, September 7, 2021 2:00 PM EDT

As the saying goes, an ounce of prevention is worth a pound of cure. That prevention comes in the form of powerful diagnostics, for auditors who use a Knowledge Coach solution.  Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

WEB SEMINAR

ASC 842 lease accounting: 10 best practices for day two and beyond

Wednesday, September 22, 2021 2:00 PM EDT

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line.  Learn More →

SPONSOR CONTENT FROM CoStar

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