DAILY BRIEFING

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July 27, 2021

Prepared for Voornaam

Accounting Today names 2021 Best Firms to Work For

By Daniel Hood       2 min read

The annual list recognizes the 100 top workplaces in the profession. View story →

How is your organization doing on diversity, equity and inclusion?

Please share your workplace insights and experiences when it comes to DEI in our short survey. As a thank you, we'll be making a donation to the ASPCA to help animals in need. Take the survey →

Accounting Today

Editorial Team

IRS proposes new rules for e-filing information returns

By Michael Cohn       3 min read

The Internal Revenue Service proposed regulations lowering the threshold so more employers will need to electronically file information returns such as W-2 and 1099 forms instead of filing them on paper. View story →

RELATED

IRS plans improved security for information returns →

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns.

Are non-compete agreements now unenforceable?

By Joel Sinkin, Terrence Putney       5 min read

A presidential executive order raises questions about a tool that accounting firms often rely on. View story →

Art of Accounting: Some clients I dropped

By Edward Mendlowitz       6 min read

Dropping clients is reducing cash inflow without an offsetting reduction in costs. View story →

Thinking differently about firm models

By Daniel Hood      

Major elements of the accounting firm model are changing, and Tamera Loerzel and Jennifer Wilson of ConvergenceCoaching identify some of the most important changes that firm leaders need to keep up with. View story →

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Motivation and innovation: Intuit's Misherghi shares insights on the future

By Ranica Arrowsmith       3 min read

Misherghi has become an indispensable partner to accountants during her time at Intuit. She shares some insights on what makes her tick.  View story →

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IRS funding is a missed chance for bipartisanship

By David F. Eisner and David J. Kautter       4 min read

Former Treasury officials say both parties should agree to increase money for the agency. View story →

IASB proposes to ease disclosure requirements for subsidiaries

By Michael Cohn       2 min read

The International Accounting Standards Board proposed to reduce the disclosure requirements for eligible subsidiaries under International Financial Reporting Standards. View story →

IRS offers extra guidance on COBRA coverage aid under American Rescue Plan

By Michael Cohn       2 min read

The Internal Revenue Service is providing guidance on a provision of the American Rescue Plan Act that provides temporary assistance with COBRA premiums to people who have lost their jobs. View story →

IRS plans improved security for information returns

By Michael Cohn       2 min read

The service is beefing up the security requirements for tax pros using its system for electronically filing information returns. View story →

Bitcoin’s corporate diehards face earnings reckoning after slump

By Jeran Wittenstein       3 min read

Tesla, MicroStrategy and Square will have to reckon with their digital holdings in earnings reports.  Read story →

Democrats make offer as infrastructure talks face time crunch

By Erik Wasson       5 min read

Finishing a bipartisan plan is pivotal to getting all Democrats on board with a budget outline setting up a $3.5 trillion package.  Read story →

Tech entrepreneur's legal woes barely dent loyalists’ $1.7B fortune

By Amy Thomson and Jonathan Browning       5 min read

Even as Mike Lynch faces potential extradition to the U.S. on fraud charges, those who have stayed loyal to him are reaping the rewards. Read story →

Hedge accounting update aims to align risk management with hedging

By Michael Cohn       9 min read

FASB's proposed update could help companies with their risk management, but they will probably need sophisticated hedging expertise to benefit. Read story →

Bill.com to acquire Invoice2go in $625M deal

The buy will extend Bill.com's global reach.  Read story →

RESOURCES

WEB SEMINAR

Helping nonprofits navigate the future

Tuesday, July 27, 2021 2:00 PM EDT

Few clients need their accountants’ help more than nonprofit organizations, which face a host of constraints and new expectations even in the best of times – but with the COVID-19 pandemic having seriously impacted their ability to both fulfill their core missions and raise much-needed funds, nonprofits need help more than ever. Learn More →

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Discover how LKQ leverages technology to reduce their time to close with standard processes and improved accuracy. Learn More →

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