DAILY BRIEFING

View in browser

August 25, 2021

Prepared for Voornaam

Oh my aching backlog: What tax pros tell clients about IRS delays

By Jeff Stimpson       5 min read

Processing delays at the Internal Revenue Service have practitioners scrambing to explain missing tax refunds. View story →

COVID and Wayfair keep changing the state tax landscape

By Roger Russell       3 min read

Avalara's midyear update reveals a wealth of ongoing tax changes at the state level. View story →

RELATED

Deloitte to require staff to be vaccinated at U.S. locations →

The mandate will go into place Oct. 11, seven weeks after the FDA's full approval of the Pfizer vaccine.

FAF reappoints PCC chair

By Daniel Hood       2 min read

In addition to giving Candace Wright a third term, the foundation added a new member to the council, and named the next GASAC chair. View story →

BDO USA sees revenue grow 10.9%, passing $2B

By Michael Cohn       2 min read

BDO USA LLP reported revenue of $2,000,300,000 for the fiscal year ending April 30, 2021, a year-over-year increase of 10.9%. View story →

More high-income earners suffer ‘marriage penalty’ under Biden tax plan — but there’s a potential fix

By Lynnley Browning       5 min read

The $1 million threshold at which the 23.8% capital gains rate would nearly double has sparked questions — and a strategy for some well-paid professionals. View story →

SPONSOR CONTENT

Inflo Digital Audit: The profession's first end-to-end digital audit platform

Whether you’re looking for an all-in-one audit solution, or you want to transform your audit processes, Inflo can help shape your firm and how you serve your clients for decades to come. Learn More →

The marriage of private equity and public accounting

By Matthew Bosher       4 min read

What are the rules of setting up an alternative practice structure when a private equity firm invests in a CPA firm? View story →

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

Twitter

Facebook

LinkedIn

In the blogs: Question marks

By Jeff Stimpson       3 min read

Comparing your fees; auditing climate goals; new marketing blog; and other highlights from our favorite tax bloggers. View story →

Deloitte to require staff to be vaccinated at U.S. locations

By Matthew Boyle       1 min read

The mandate will go into place Oct. 11, seven weeks after the FDA's full approval of the Pfizer vaccine. View story →

House adopts $3.5T budget blueprint backed by Biden

By Billy House and Erik Wasson       4 min read

The resolution came after a White House pressure campaign and assurances from Speaker Pelosi helped unite fractious Democrats. View story →

IRS now taking applications for Compliance Assurance Process

By Jeff Stimpson       1 min read

The program helps companies resolve tax questions and issues before they file a return. View story →

PwC reports on its latest audit quality efforts

By Michael Cohn       2 min read

The Big Four firm issued its 2021 audit quality report Monday, pointing to progress on auditor independence, along with issues such as diversity and inclusion. Read story →

Strengthening the pipeline of Black CPAs

By Anita Dennis       5 min read

Black role models in the profession share their career paths, and what it will take to make more Black CPAs.  Read story →

PCAOB board members Jurata and Zietsman plan to resign

By Michael Cohn       2 min read

Two members of the Public Company Accounting Oversight Board, Rebekah Goshorn Jurata and Megan Zietsman, jointly announced Monday they plan to resign by Oct. 1, or earlier if new board members are named. Read story →

The infrastructure plan's potential impact on taxpayers

By Roger Russell       7 min read

Experts and leading practitioners are looking at ways to mitigate the possible affect of the legislation from a tax perspective.  Read story →

MACPA names 2021 Leadership Academy graduates

By Sean McCabe       2 min read

The Maryland Society of CPAs announced 16 more emerging finance and accounting leaders who completed its annual three-day program. Read story →

RESOURCES

WEB SEMINAR

5 questions CFOs should be asking controllers

Wednesday, August 25, 2021 2:00 PM EDT

Join us as we bring together CFOs and controllers to talk about the essential questions that need to be asked to better plan and execute strategies for digital acceleration of the finance organization. Learn More →

SPONSOR CONTENT FROM SAGE INTACCT

REPORT

Tax planning for 2022

It’s never too early to start thinking about the end of the year, and the moves clients should make to be in the best position for the 2022 filing.  Learn More →

SPONSORED BY Wolters Kluwer

WEB SEMINAR

ASC 842 lease accounting: 10 best practices for day two and beyond

Wednesday, September 22, 2021 2:00 PM EDT

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line.  Learn More →

SPONSOR CONTENT FROM CoStar

More resources →