DAILY BRIEFING

View in browser

July 7, 2021

Prepared for Voornaam

Accounting Today's Daily Briefing will not be published on Monday. Enjoy your holiday weekend.

6 steps to pandemic-sensitive performance reviews

By Tamera Loerzel      

Managers and firm leaders need to start recognizing that staff are burnt out and bruised. View story →

Facial recognition: Tax pros mull returning to in-person meetings

By Jeff Stimpson       4 min read

There’s no consensus on when and how practitioners will return face-to-face with clients. View story →

RELATED

What’s on your ‘Done for the Day’ list? →

Spend five minutes every morning writing down the things you can absolutely commit to finishing before you go home each night.

Liberty Tax acquired by NextPoint

By Jeff Stimpson       2 min read

The SPAC has already begun integrating other financial products in the tax prep franchiser’s offerings. View story →

IRS gearing up for partnership compliance campaigns

By Roger Russell       4 min read

Compliance audits, the new wrinkles of CTC, marijuana and more were key topics at a recent stakeholders meeting with the service. View story →

New lease accounting standards come with plenty of gotchas

By Michael Cohn       8 min read

The recent leasing rules from the Financial Accounting Standards Board and the Governmental Accounting Standards Board are turning out to be harder to follow than many organizations expected. View story →

SPONSOR CONTENT

Accounting Power puts you back in control of client accounting

Create stronger bonds with your clients, add value to their businesses, and grow your practice with an array of powerful capabilities not found in any other cloud-based accounting system. WATCH THE DEMO →

In the blogs: Smart advice

By Jeff Stimpson       4 min read

Infrastructure fantasies; trouble with the U.S.-Malta Treaty; the future of contactless prep; and other highlights from our favorite tax bloggers. View story →

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

Twitter

Facebook

LinkedIn

Hot annuity sales signal shift in aging investors’ risk appetite

By Lynnley Browning       5 min read

Sales of RILAs and fixed-rate deferred annuities are booming for retirement portfolios, but advisors struggle to understand and explain them to wary clients. View story →

Build your accounting firm by becoming fluent in a foreign language

By Ray Blakney       3 min read

Mastering a new language can bring more success to your firm. View story →

U.S. presses Europe to reconsider plans for new digital tax

By Christopher Condon       2 min read

The U.S. is pressing European officials to reconsider plans to enact a digital tax across its 27 members in a dispute that threatens to undermine significant progress made recently toward a global corporate tax agreement. View story →

Trump Organization case rescues outgoing D.A.’s mixed legacy

By Erik Larson       3 min read

Cyrus Vance Jr. is going out with a bang, after an almost 12-year career as Manhattan’s powerful but staid district attorney, filing charges against the company and its longtime CFO, Allen Weisselberg. View story →

Art of Accounting: Qualities that make someone a partner

By Edward Mendlowitz       4 min read

There are many qualities that make a partner and many times it is not one big thing but many small things.  Read story →

The Black CPA Centennial: Meet the first Black CPA Ph.Ds

By Anita Dennis       5 min read

Diverse faculty are a major factor in attracting diverse students to the accounting profession. Read story →

A divorce raised questions, then aided the probe of Trump’s CFO

By Caleb Melby       5 min read

Part of Allen Weisselberg’s legal troubles began when his former daughter-in-law couldn’t get the numbers in her divorce proceedings to add up. Read story →

EU and U.S. to discuss digital tax ahead of bloc’s levy plan

By Aoife White and Alberto Nardelli       1 min read

The European Union’s digital chief will meet U.S. Treasury Secretary Janet Yellen next week as the EU delayed plans for a digital levy after a potential global tax breakthrough. Read story →

What’s on your ‘Done for the Day’ list?

By Kyle Walters       5 min read

Spend five minutes every morning writing down the things you can absolutely commit to finishing before you go home each night. Read story →

RESOURCES

WEB SEMINAR

Tax legislation update and tips for generating client engagements and revenues in 2022

Tuesday, July 13, 2021 2:00 PM EDT

Get a head start on next tax season by learning what types of planning might be in store for you and your clients heading into 2022, including a review of all COVID-19 relief provisions, the SECURE Act and the CARES Act. Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

WHITEPAPER

The advisor’s advantage: Tax-smart strategies

Embracing a more tax-focused approach can help you stand out to grow your practice and retain clients. Download Now →

SPONSOR CONTENT FROM AVANTAX

WHITEPAPER

Unlocking business growth through client education

Tax professionals looking to streamline and expand their businesses should focus on client education strategies and resources. Download Now →

SPONSOR CONTENT FROM AVANTAX

More resources →