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December 7, 2021

Prepared for Voornaam

Melancon: ‘The profession that constantly reinvents itself’

By Daniel Hood      

The AICPA president and CEO highlighted a host of major changes facing accounting in a keynote at this week’s Digital CPA conference. View story →

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Accounting Today

Editorial Team

IRS issues latest guidance on ERC

By Daniel Hood       1 min read

With Congress having terminated the Employee Retention Credit, Notice 2021-65 explains what businesses that claimed it need to do. View story →

RELATED

IRS to allow e-filing of new K-2 and K-3 schedules starting in March →

The Internal Revenue Service said Friday it will be rolling out the ability to electronically file the new Schedules K-2 and K-3 next year, but not at the beginning of the filing season.

The 2021 Top 100 People: The major issues facing accountants

By Danielle Lee      

Accounting's most influential share what's top of mind for them this year.  View story →

It's time to prune your client base

By Daniel Hood      

Growth expert Gale Crosley explains why it's critical to jettison your worst clients — and how to do it. View story →

Art of Accounting: Timesheet dispute redux

By Edward Mendlowitz       3 min read

Some accountants discourage timesheet usage and blame them for everything wrong about public accounting today, but this is a bit of a stretch.  View story →

The role of disclosure and ESG in the evolving risk landscape

By Amy Rojik       5 min read

Challenges in the area stem from confusion about the scope of ESG, the absence of a uniform reporting standard, and more. View story →

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Xero adds AI to bank rec

By Daniel Hood       2 min read

Machine learning will let the platform predict contact and account codes for transactions. View story →

Ohio State, Deloitte Foundation announce master's scholarship program

By Sean McCabe       2 min read

The Max M. Fisher College of Business and Big Four firm Deloitte will fund diverse students' tuition to strengthen the CPA pipeline via the Deloitte Foundation Accounting Scholars Program. View story →

NASBA names 2021-2022 board

By Daniel Hood       2 min read

W. Michael Fritz will serve as chair, and Richard Reisig as vice chair. View story →

SEC charges dialysis provider with revenue manipulation

By Daniel Hood       1 min read

ARA Holdings Inc. is settling for a $2 million penalty. View story →

H&R Block names Xero a preferred solution provider

By Danielle Lee       1 min read

Block will continue to use the cloud-based accounting platform for its millions of small-business customers and as its preferred technology stack for its central bookkeeping team. Read story →

Accountants helping health providers cope with pandemic

By Michael Cohn       6 min read

Doctors and health care organizations are dealing with not only the COVID-19 pandemic and its variants, but also with changing tax laws and accounting standards. Read story →

IRS to allow e-filing of new K-2 and K-3 schedules starting in March

By Michael Cohn       3 min read

The Internal Revenue Service said Friday it will be rolling out the ability to electronically file the new Schedules K-2 and K-3 next year, but not at the beginning of the filing season. Read story →

Employers added 210K jobs in November, including 7.6K in accounting

By Michael Cohn       3 min read

The unemployment rate declined by four-tenths of a point to 4.2%, but the job gains fell well short of expectations.  Read story →

R&D amortization: Delay the start, but repeal the goal

By Jamie Overberg       3 min read

Eliminating the revenue-raising R&D amortization provision in the 2017 tax reform is the best way forward for U.S. innovation. Read story →

RESOURCES

WEB SEMINAR

State of audit 2022

Tuesday, December 7, 2021 2:00 PM EST

Join industry thought leaders for a frank discussion about the latest in audit developments leading into 2022 that will affect you most. Learn More →

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