| By Michael Cohn 6 min read | Senate Finance Committee chairman Ron Wyden, D-Oregon, introduced legislation Tuesday to streamline the section 199A deduction for qualified business income for pass-through entities, allowing accountants, lawyers, doctors and others to qualify, but phasing out above $400,000. View story → |
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| | | By Roger Russell 3 min read | A new survey by Sovos highlights the ongoing digital evolution of the field. View story → |
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| | | By Julie Bell Lindsay 4 min read | Despite enhancements already made to audit quality, the audit profession will never rest on its laurels. View story → |
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| | | By Lynnley Browning 5 min read | Securities-based lending is up sharply as wealthy investors leverage gains in their stock portfolios into low-interest loans for pricey purchases. View story → |
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| | | By Sean McCabe 2 min read | Top 20 Firm Dixon Hughes Goodman will launch DHG Anywhere, a new work model focused on flexibility for both staff and clients, in September. View story → |
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| Lease accounting software from CoStar analyzes and classifies leases for new lease accounting requirements Watch here → |
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| | | By Michael Cohn 2 min read | A federal jury convicted a former Internal Revenue Service IT specialist on fraud charges for stealing a victim’s identity and using it to buy $58,000 worth of plane tickets, hotel rooms and home-remodeling materials. View story → | | |
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| | Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis. |
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| | | | | | | | | | | | By Michael Cohn 2 min read | The Governmental Accounting Standards Board released a proposed concepts statement to guide GASB when establishing note disclosure requirements for state and local governments. View story → | | |
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| | | | By Michael Cohn 2 min read | Over half of public companies have overhauled their financial processes in the past year, according to a Deloitte survey. View story → | | |
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| | | | By Dom Esposito 7 min read | As CEO of a midsized or small CPA firm, ask yourself this tough question: “Why would someone want to be a partner in this firm?” View story → | | |
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| | | | By Jeff Stimpson 4 min read | The pandemic and financial crimes; another provider leaves; why CRM and accounting don’t mix; and other highlights from our favorite tax bloggers. View story → | | |
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| | | | By Colin Wilhelm 2 min read | The bill would expand eligibility for the “pass-through” deduction to lawyers, accountants or doctors making above certain income thresholds. Read story → |
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| | | | By Billy House and Erik Wasson 4 min read | So far, the Speaker of the House has been relegated to the sidelines in the stalled Senate debate over a $3.5 trillion budget blueprint. Read story → |
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| | | | By Michael Cohn 1 min read | The exposure draft covers various accounting and financial reporting issues that were identified during implementation, application, and due process on GASB standards. Read story → |
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| | | | By Michael Cohn | Withum merges in OUM; and Whitley Penn plans to add Werlein & Harris. Read story → |
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| | | | By Michael Cohn 2 min read | The Financial Accounting Standards Board released an accounting standards update Monday to help lessors account for leases with variable lease payments. Read story → |
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| | | RESOURCES | | | WEB SEMINAR | | Wednesday, July 21, 2021 2:00 PM EDT | Adoption of ASC 842 was challenging enough. No company implemented new lease accounting software expecting to replace it just a couple of years later. But many are doing just that. Learn More → | SPONSOR CONTENT FROM COSTAR | | | WEB SEMINAR | | Thursday, August 12, 2021 2:00 PM EDT | Customers, investors, regulators and other stakeholders’ expectations of bankers are rapidly evolving, and disruptive competitors are targeting our most profitable customers. Learn More → | SPONSOR CONTENT FROM MOODY'S ANALYTICS | | | EBOOK | | | A new survey reveals which changes accounting firms made to their businesses in 2020—and which will be permanent. Download Now → | SPONSOR CONTENT FROM RIGHT NETWORKS | More resources → |
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