DAILY BRIEFING

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August 16, 2021

Prepared for Voornaam

Don’t be fooled by pandemic-year profits

By Greg Barber       5 min read

The elephants that accountants faced before COVID are still in the room. View story →

On the move: BKD hires financial services partner

By Danielle Lee      

Boomer Consulting announces Bridging the Gap award winners; Tidwell Group adds five partners; and more CPA news.  View story →

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On the move: Weaver names SPAC leader →

Grant Thornton and Armanino open new offices; Friedman + Huey announces new managing partner; and more CPA news.

5 ways to plan for higher capital gains taxes

By Robert Bennett       4 min read

Clients can begin planning now for potentially higher tax rates. View story →

Advance CTC payments may be making a dent in hunger

By Daniel Hood       2 min read

36 million taxpayers should start seeing their second CTC payments today, though the IRS had some caveats. View story →

Treasury seeks to quell fears crypto tax rules are too broad

By Christopher Condon and Laura Davison       4 min read

Guidance is expected next week to clarify that reporting requirements won't impact many key players. View story →

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‘We won’t lose momentum:’ Net at Work’s Alex Solomon looks ahead

By Ranica Arrowsmith       5 min read

From pandemic to cybersecurity crisis, the reseller is working with clients and accounting firms to prepare them for whatever comes next. View story →

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Former SAEX CEO pleads guilty to accounting fraud scheme

By Danielle Lee       3 min read

The ex-chief executive and two other SAEX execs pleaded guilty to fraudulently and materially inflating the company's publicly reported revenue of by tens of millions of dollars and misappropriating millions of dollars. View story →

Tech news: Airbase integrates with QB Desktop, and more

By Ranica Arrowsmith      

AuditDashboard adds e-signature, Sage updates Sage ID, and SAP Concur debuts event management.  View story →

Tax Fraud Blotter: No relief in sight

By Jeff Stimpson       6 min read

Taking care of it; inconvenient truths; lies cost extra; and other highlights of recent tax cases. View story →

Trump, House Dems both appealing order on financial records

By David Yaffe-Bellany       2 min read

The judge's order had required accounting firm Mazars USA to release some of the former president's tax records. View story →

Survey: COVID relief, changing laws were last tax season’s headaches

By Jeff Stimpson       2 min read

The NATP poll of more than 20,000 tax pros finds that many of them plan to hire more staff next tax season. Read story →

Ryan acquires property tax consultant

By Daniel Hood       1 min read

The acquisition of PS Johnson strengthens the tax firm in Canada and in property tax services. Read story →

AICPA honors three professors at 2021 AAA meeting

By Sean McCabe       2 min read

Three accounting educators were recognized for their teaching and academic research. Read story →

Crypto software firm’s value tops $1.3B with new funding

By Eric Krebs       2 min read

TaxBit vaulted to unicorn status amid the boom in cryptocurrency and as new regs take hold requiring brokers to report transactions to the IRS. Read story →

New York blitzes $100K earners with remote-worker tax audits

By Donna Borak       5 min read

State tax authorities have sent more than 149,000 audit notices, including automatically computerized letters. Read story →

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