DAILY BRIEFING

View in browser

July 30, 2021

Prepared for Voornaam

Risk-taking is critical for women in accounting: Engage

By Daniel Hood       5 min read

A willingness to take chances helped take them to the top, female leaders in the profession say. View story →

How is your organization doing on diversity, equity and inclusion?

Please share your workplace insights and experiences when it comes to DEI in our short survey. As a thank you, we'll be making a donation to the ASPCA to help animals in need. Take the survey →

Accounting Today

Editorial Team

Corporate tax increases move closer to reality

By Michael Cohn       10 min read

The Biden administration and G-20 leaders are agreeing on the need for more revenue. View story →

RELATED

IRS expands paid leave tax credit to encourage vaccinations →

Employers can claim tax credits equivalent to the wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated for COVID-19.

IRS expands paid leave tax credit to encourage vaccinations

By Michael Cohn       3 min read

Employers can claim tax credits equivalent to the wages paid for providing paid time-off to employees to take a family or household member or certain other individuals to get vaccinated for COVID-19.  View story →

To reduce turnover at your firm, align learning with employee engagement

By Michael Ramos       5 min read

The accounting profession has always been plagued with high turnover, but now, on the cusp of the so-called Great Resignation, that turnover problem is about to get worse. View story →

Technology gives you the gift of time and space to be creative

By Jasen Stine       2 min read

Advanced tools create more room in our schedules to allow for new and exciting opportunities. View story →

SPONSOR CONTENT

Supercharge Your Accounting Career, Today! Apply Now.

The FAU Executive Accounting Master’s Program is tailored to meet the needs of busy professionals. Find Out More! →

Tax Fraud Blotter: Bad performances

By Jeff Stimpson       6 min read

Nominees galore; the eagle has crashed; eight years to FastLife;and other highlights of recent tax cases. View story →

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

Twitter

Facebook

LinkedIn

Poorest risk missing out on $13B in child benefits

By Katia Dmitrieva       2 min read

Roughly 4 million or more households are likely to fail to get the funds because they don’t appear on a prior tax return. View story →

Tax data reveal cos. shifting profits, paying lower rates

By William Horobin and Zoe Schneeweiss       2 min read

Global companies are benefiting from a prolonged decline in tax rates, new data from the OECD shows. View story →

Biden’s two-front economic agenda makes headway in Senate

By Erik Wasson and Laura Litvan       4 min read

Democrats are also uniting behind a plan to muscle through a broader budget resolution to carry the party’s priorities. View story →

Senators eye cryptocurrency taxes to fund infrastructure plan

By Laura Davison       2 min read

The Senate’s bipartisan deal would impose stricter rules on cryptocurrency investors to fund a portion of the $550 billion investment. View story →

New IRA product allows for tax-free Bitcoin mining

By Brandon Kochkodin       2 min read

Two companies are teaming up to allow clients to buy mining machines through an IRA. Read story →

SALT cap is hurting NYC, Adams tells lawmakers

By Laura Davison       2 min read

New York City mayoral candidate Eric Adams told a group of House lawmakers that the limit on the state and local tax deduction is harming the city. Read story →

Britney Spears asks PwC alum to take over conservatorship

By Ranica Arrowsmith       2 min read

Jason Rubin is a CPA with extensive experience in forensic, investigative accounting, and conservatorships.  Read story →

Rapid change, uncertainty to remain hallmarks of profession, say AICPA leaders

By Danielle Lee       7 min read

The key tactic for CPA firms moving forward is strategic prioritization, according to the panel of AICPA and CPA.com leaders.  Read story →

SBA to open streamlined PPP loan forgiveness portal

By Michael Cohn       3 min read

The U.S. Small Business Administration will be unveiling an online portal where Paycheck Protection Program borrowers can directly apply for forgiveness on loans of $150,000 or less without going through their bank. Read story →

RESOURCES

WEB SEMINAR

Paperless organizers in 2021: reality or myth?

Tuesday, August 3, 2021 2:00 PM EDT

This webinar will explore how automation is transforming the tax engagement, with a focus on using digital, electronically fillable client organizers. Learn More →

SPONSOR CONTENT FROM SAFESEND

WEB SEMINAR

Meet the 2021 Best Firms to Work For

Wednesday, September 8, 2021 2:00 PM EDT

Accounting Today will reveal its annual ranking of the top workplaces in the accounting profession during this live webinar -- and talk with leaders from some of the winners to reveal what sets them apart from other accounting firms, and how they became employers of choice in the field. Learn More →

SPONSORED BY ADP

WEB SEMINAR

Leveraging cryptocurrency to grow your business

Thursday, August 19, 2021 2:00 PM EDT

Crypto assets reporting may be one of the biggest challenges — and opportunities — for tax professionals during the current extension and upcoming tax seasons. Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

More resources →