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December 17, 2021

Prepared for Voornaam

PCAOB says it can’t inspect firms in China, Hong Kong

By Daniel Hood       2 min read

The SEC said it would begin identifying companies that are using non-inspected auditors. View story →

The big comeback: Tax pros look at returning to the office

By Jeff Stimpson       4 min read

Whether and how to bring staff and clients back into one place elicits mixed feelings from practitioners. View story →

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PCAOB says it can’t inspect firms in China, Hong Kong →

The SEC said it would begin identifying companies that are using non-inspected auditors.

Biden admits Build Back Better likely to be put off to 2022

By Jennifer Epstein       3 min read

In a statement, the president expressed confidence that the measure would eventually pass and urged patience as negotiations continue. View story →

Democrats drop year-end push on Biden plan amid discord

By Laura Litvan and Erik Wasson       4 min read

Action on the tax and spending bill has been punted to January. View story →

Final advance CTC payments have begun, IRS says

By Daniel Hood       1 min read

Families will soon need to reconcile the money they received against what they can officially claim. View story →

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How to take a casualty loss deduction

By Anthony DeStefano       4 min read

With the recent storms in Kentucky and other natural disasters — and concerns about more in the future — knowing how to claim this may be increasingly useful. View story →

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Tax Fraud Blotter: ‘Romance fraud’

By Jeff Stimpson       6 min read

What becomes of the brokenhearted; steal thyself; inside job; and other highlights of recent tax cases. View story →

AICPA names 2021 Special Recognition Award recipient

By Sean McCabe       1 min read

Alan Sobel, managing member of SobelCo and president of the of the New Jersey Society of CPAs, received the annual award for bringing the Pass-Through Business Alternative Tax Act to his home state. View story →

H&R Block sues Square to drop the name 'Block'

By John Adams       2 min read

The tax preparation company, which is building out its own financial services business, says Square's new brand "would improperly capitalize on the goodwill and consumer trust cultivated by [H&R] Block since 1955." View story →

Billionaire Brockman may fight IRS for years, even with dementia

By David Voreacos and Neil Weinberg       4 min read

The biggest tax evasion case against an individual in U.S. history could drag on through a wide range of courts and strategies. View story →

Biden agenda risks delay into 2022

By Laura Litvan, Erik Wasson and Steven T. Dennis       4 min read

Negotiations seem to be faltering between the White House and West Virginia Sen. Joe Manchin. Read story →

Backdoor Roths one step closer to demise; regular Roth conversions on 10-year leash for higher earners

By Lynnley Browning       4 min read

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.  Read story →

FASB updates research agenda

By Danielle Lee       2 min read

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.  Read story →

SEC commissioners approve PCAOB budget, add warnings and advice

By Daniel Hood       3 min read

Some expressed concerns about lower levels of enforcement, while one suggested the board suffered from a credibility gap. Read story →

Turnover, hybrid work to shape hiring in 2022

By Sean McCabe       2 min read

Accounting and finance hiring in the new year will largely revolve around remote work options, increasing resignations, and candidate scarcity, according to report. Read story →

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