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October 29, 2021

Prepared for Voornaam

Tax Strategy: Year-end planning amid tax uncertainty

By Mark A. Luscombe      

As Congress wrangles, advisors are struggling to figure out how to help clients. View story →

Waiting on reconciliation: The final stage?

By Roger Russell       5 min read

Potential new provisions could create a seismic shift in tax. View story →

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Tax Strategy: Year-end planning amid tax uncertainty →

As Congress wrangles, advisors are struggling to figure out how to help clients.

Reconciliation bill likely to have a tax impact on energy-efficient buildings

By Brian Coddington, Karen Koch       3 min read

The Section 179D incentive would jump from $1.80 per square foot for efficiency improvements to a sliding scale between $2.50 and $5. View story →

NYSSCPA president aims for greater diversity in accounting

By Michael Cohn       5 min read

Rumbi Bwerinofa-Petrozzello, president of the New York State Society of CPAs, is hoping to make accounting a more diverse profession, as the first woman of color to hold the position in the NYSSCPA’s nearly 125-year history. View story →

Tax Fraud Blotter: Mind games

By Jeff Stimpson       5 min read

Tag, you’re it; daddy’s little nominee; across state lines; and other highlights of recent tax cases. View story →

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FASB updates accounting for acquired business revenue contracts

By Michael Cohn       2 min read

The Financial Accounting Standards Board released an accounting standards update Thursday, with guidance on accounting for revenue contracts with customers acquired in a business combination. View story →

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Labor Department finalizes rule on tip credits for employers

By Michael Cohn       2 min read

The U.S. Department of Labor issued a final rule that aims to set reasonable limits on the amount of time that tipped employees can spend in non-tipped activities when the employer receives a tip credit. View story →

Biden tax plan gets shredded down in battle to raise revenue

By Laura Davison and Allyson Versprille       5 min read

The president’s tax agenda, crafted by experts who worked on the proposals for years and wrote books about their ideas, is getting a wholesale revamp as Democrats battle to find a program their caucus can unite behind. View story →

Biden warns Democrats his presidency hinges on economic plan

By Josh Wingrove, Billy House and Jennifer Jacobs       4 min read

Influential lawmakers still want various tax provisions in the bill. View story →

Sinema offers support for taxing top earners in Democratic plan

By Colin Wilhelm       2 min read

Arizona Senator Kyrsten Sinema, a crucial swing vote for Democrats, has given the Biden administration a list of specific tax policies she will support in order to raise revenue for the social spending plan Democrats hope to pass this year. View story →

IRS extends tax deadlines for some Hurricane Ida victims in Mississippi

By Michael Cohn       3 min read

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.  Read story →

GRI appoints PwC partner as new CEO

By Michael Cohn       2 min read

The Global Reporting Initiative has confirmed Eelco van der Enden, a partner at PwC Netherlands, as its next CEO, starting Jan. 1, 2022. Read story →

RKL merges in Stoudt Associates

By Michael Cohn       2 min read

RKL LLP, a Top 100 Firm, is expanding its presence in Pennsylvania's Lehigh Valley region by adding Stoudt Associates, based in Allentown, effective Nov. 1. Read story →

2022 dates, location announced for Scaling New Heights

By Daniel Hood       1 min read

Woodard Events will be holding its flagship conference in Orlando in June next year. Read story →

Brown Edwards acquiring Mitchell Wiggins

By Michael Cohn       2 min read

The Top 100 Firm is expanding its presence in Virginia.  Read story →

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