DAILY BRIEFING

View in browser

January 14, 2022

Prepared for Voornaam

Jackson Hewitt charging $25 for DIY tax prep

By Michael Cohn       3 min read

The tax prep chain is looking to compete in the online tax prep space against H&R Block and Intuit. View story →

Auditors urged to keep an eye on inflation risks

By Michael Cohn       6 min read

With inflation reaching a 40-year high, consumers are feeling its cascading effects, and internal auditors should probably start keeping tabs on inflation risks as well. View story →

RELATED

AICPA announces winners of 2021 CPA Evolution Resource Competition →

Accounting educators were honored for their educational resources based on the new CPA Evolution accounting curriculum developed by the AICPA and NASBA.

Bad financial reporting estimated to cost billions

By Michael Cohn       3 min read

Dysfunctional and manual financial reporting processes are expected to cost U.S. businesses $7.8 billion this year, according to a new report.  View story →

AICPA announces winners of 2021 CPA Evolution Resource Competition

By Sean McCabe       2 min read

Accounting educators were honored for their educational resources based on the new CPA Evolution accounting curriculum developed by the AICPA and NASBA. View story →

Tax Fraud Blotter: There’s nothing like a good fraud

By Jeff Stimpson       6 min read

ITS over; bad chemistry; international intrigue; and other highlights of recent tax cases. View story →

SPONSOR CONTENT

Looking for an Easier Way to Do 1099s and W-2s?

Get all-inclusive print, mail and e-file services quickly and securely — as low as $1.50 per form. Visit efile4Biz.com today! →

M&A roundup: Herbein, Ryan and Amarillo firms expand

By Michael Cohn      

Herbein + Company acquires Cappelletti, Pinter & Co. and the LaMastra Group; Ryan buys Tax Advisory Services Group; and Lovelady, Christy + Associates merges with Terra Accounting and Consulting. View story →

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

Twitter

Facebook

LinkedIn

Illinois CPA Society names 10th Mary T. Washington program grads

By Sean McCabe       2 min read

Twenty-nine diverse college students marked the tenth annual class to graduate from the three-day internship preparation course. View story →

Florida CPAs meet with state lawmakers

By Michael Cohn       2 min read

The Florida Institute of CPAs held an annual in-person event Wednesday to meet one-on-one with lawmakers in the state capitol in Tallahassee. View story →

The SEC’s concern about unicorns misses the point

By Jared Dillian       3 min read

The idea behind Sarbanes-Oxley was that public companies require an extra layer of accounting checks and internal controls that private companies do not in order to protect average investors. View story →

Wiley releases J.K. Lasser tax guides for 2022

By Michael Cohn       2 min read

John Wiley & Sons has updated its annual J.K. Lasser series of tax guides with information for preparing tax returns this year. View story →

Bloomberg improves tax-provisioning software

By Michael Cohn       1 min read

Bloomberg Tax has added new features to the Tax Provision product it acquired last year from Tax Prodigy. Read story →

Taxpayer Advocate warns of tax refund delays this season

By Michael Cohn       5 min read

National Taxpayer Advocate Erin Collins expressed deep concerns Wednesday about the upcoming tax filing season in her annual report to Congress on the 2021 filing season. Read story →

Deadline extended for 2022 Top New Products

Submissions for the annual list of the best new tools for accountants can now be made through Tuesday, Jan. 18. Read story →

Progressives face diminished hopes for Biden agenda

By Jarrell Dillard and Erik Wasson       4 min read

Progressive Democrats are increasingly resigned to a far narrower version of the economic, tax and social spending agenda they had hoped to pass. Read story →

IRS adds more guidance on CTC payments

By Michael Cohn       3 min read

The service has updated the information on its FAQ page for the CTC and advance CTC payments. Read story →

RESOURCES

WEB SEMINAR

Recruiting and retention in 2022

Wednesday, January 19, 2022 2:00 PM EST

Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. Learn More →

SPONSORED BY PAYCHEX

WEB SEMINAR

Best practices for IT security

Thursday, March 10, 2022 2:00 PM EST

The pandemic saw security breaches and hacking skyrocket, turning an already-serious issue into an actual emergency. This webinar will explore the best ways for firms to keep themselves and their clients’ data safe in a world that’s more dangerous than ever. Learn More →

SPONSORED BY Right Networks

REPORT

Lease accounting adoption – market snapshot

In this report, learn where your peers stand on implementation and plans for achieving compliance with ASC 842 & GASB 87. Learn More →

SPONSOR CONTENT FROM EZLease

More resources →