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October 22, 2021

Prepared for Voornaam

Time to renew those PTINs

By Jeff Stimpson       1 min read

The IRS is reminding tax pros that current Preparer Tax ID Numbers will expire on Dec. 31. View story →

Businesses spend heavily on sales tax compliance

By Michael Cohn       3 min read

Midsized businesses spend 163 hours per month on sales tax compliance, typically costing more than $17,000, according to a new survey. View story →

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In the blogs: The ‘fun’ in ‘funding’ →

What pros are making; getting clients to pay; keeping the SALT cap; and other highlights from our favorite tax bloggers.

ConvergenceCoaching launches video series on remote work management

By Sean McCabe       2 min read

The consulting firm announced its Remote and Blended Work Video Learning Programs to help accounting firms manage the sudden rise in remote and hybrid work due to the COVID-19 pandemic. View story →

Businesses turn to accountants for HR advice

By Michael Cohn       5 min read

Small businesses are increasingly relying on their accountants for advice on hiring as the labor shortage continues during the pandemic.  View story →

Clients prefer tech-savvy accountants

By Michael Cohn       2 min read

More than three-quarters of small-business owners would consider changing their accountant to one who is using the latest technology. View story →

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The third pillar of credit and incentive projects: Investment

By Ben Worrell       3 min read

Economic development credits and incentives programs traditionally are applied to two areas: new investment and new jobs.  View story →

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Tax Fraud Blotter: Energetic crooks

By Jeff Stimpson       6 min read

Riviera rip-off; questionable deductions; fled the country; and other highlights of recent tax cases. View story →

Dems look for tax options if they have to ditch rate hikes

By Laura Davison, Erik Wasson and Josh Wingrove       4 min read

They're exploring alternatives after months of focusing on proposals to increase tax rates on income and capital gains. View story →

GigaMedia execs charged with $50M fraud scheme

By Chris Dolmetsch       2 min read

The top executives of a defunct cybersecurity company were charged with duping investors. View story →

Dems split on taxes, climate, college as deadline nears

By Laura Davison and Erik Wasson       4 min read

Congressional Democrats are at odds over President Biden’s economic agenda, even as party leaders aim to have a deal outline by the end of the week. View story →

Deloitte teams with AuditBoard

By Michael Cohn       2 min read

Deloitte & Touche announced a strategic alliance with audit technology provider AuditBoard in conjunction with AuditBoard’s user conference this week in Los Angeles.  Read story →

IMA highlights central role of ethics in accounting

By Michael Cohn       6 min read

The institute is highlighting the work it’s been doing to improve ethics for accountants, while acknowledging that more needs to be done. Read story →

AICPA names 2021 Gold Medal Award of Distinction recipient

By Sean McCabe       2 min read

The American Institute of CPAs has awarded Belverd (Bel) Needles the organization's highest honor. Read story →

SALT cap still in play as Democrats slash spending plan

By Laura Davison and Erik Wasson       3 min read

The spending package could still include a measure to expand or temporarily remove the cap on the deduction on state and local taxes. Read story →

Female leadership grew despite pandemic

By Sean McCabe       3 min read

The 2021 Accounting MOVE Project issued its annual report on female representation and leadership in accounting. Read story →

RESOURCES

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ASC 842 and GASB 87 – Practical lease accounting examples

Tuesday, October 26, 2021 2:00 PM EDT

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A roadmap to tax season

Thursday, November 18, 2021 2:00 PM EST

This webinar will look at everything from technology to staffing to marketing to help tax pros make sure they’re prepared. Learn More →

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