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October 26, 2021

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Taxpayer Advocate Service faced delays helping taxpayers with stimulus payments

By Michael Cohn       3 min read

The Internal Revenue Service’s Taxpayer Advocate Service helped thousands of taxpayers last year with economic impact payments under the CARES Act, but it took months to start addressing them, often with the wrong cases. View story →

KPMG U.S. announces compensation and benefits enhancements

By Sean McCabe       2 min read

KPMG U.S. chair and CEO Paul Knopp outlined a wide range of upgrades to employee benefits in a LinkedIn post. View story →

RELATED

Private cos. still playing catchup on lease accounting →

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching.

Private cos. still playing catchup on lease accounting

By Michael Cohn       6 min read

The majority of private companies have yet to implement the new lease accounting standard entirely, even though the effective date is fast approaching. View story →

Art of Accounting: How I became a mink coat industry expert

By Edward Mendlowitz       5 min read

Many of our clients pay us for the deliverables they must have, but they retain us because of the unspecified extras we give to them. View story →

Where does the value of a firm come from?

By Daniel Hood      

As more and more firm owners look to transition, it's crucial that they understand what, exactly, is valuable about their practice. The Visionary Group's Bob Lewis and Doug Lewis dive into what makes a practice saleable — and what doesn't. View story →

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New Jersey Society of CPAs adds minority student scholarship

By Sean McCabe       1 min read

The state society will award multiple $1,500 scholarships to diverse, college-bound accounting students. View story →

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FASB offers expedient way for private companies to account for share-based awards

By Michael Cohn       2 min read

The accounting standards update would help nonpublic companies that provide equity-classified share-based awards to executives. View story →

Biden races to clinch deal days before Europe trip

By Erik Wasson, Laura Litvan and Ari Natter       4 min read

There is increased momentum for an income tax on $1 billion or more in annual income, or three consecutive years of $100 million or more in income. View story →

Biden-Manchin meeting makes ‘progress’ in bid to break deadlock

By Erik Wasson and Laura Litvan       3 min read

Hikes in the top tax rates are off the table, although a “billionaire’s tax” on unrealized capital gains is under discussion. View story →

IRS offers help to employers who are rehiring retirees amid labor shortage

By Michael Cohn       2 min read

The Internal Revenue Service issued guidance to assist employers who are rehiring retirees or retaining employees past retirement age as a way to find qualified workers in a tight labor market. View story →

Eide Bailly announces 2021 'Resourcefullness' award winners

By Sean McCabe       1 min read

The Top 100 Firm highlighted nonprofits across Arizona, Colorado, Minnesota, Nevada and North Dakota for their creativity and “sustainable revenue ideas.” Read story →

4 ways to cultivate a positive work culture

By Amy Vetter      

Positive culture creates an atmosphere that fosters staff loyalty, success and productivity. Read story →

IESBA updates ethics handbook

By Michael Cohn       2 min read

The International Ethics Standards Board for Accountants has released its 2021 Edition of the Handbook of the International Code of Ethics for Professional Accountants, including International Independence Standards.  Read story →

IMA opens two academic case competitions

By Sean McCabe       2 min read

The Institute of Management Accountants is accepting entries for its 2022 Student Case Competition and its annual Carl Menconi Ethics Case Writing Competition. Read story →

College athletes face new tax obligations

By Michael Cohn       5 min read

The NCAA began allowing university athletes to earn money from their name, image and likeness this summer, and now they could find themselves owing taxes for the first time in their lives. Read story →

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ASC 842 and GASB 87 – Practical lease accounting examples

Tuesday, October 26, 2021 2:00 PM EDT

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