DAILY BRIEFING

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August 6, 2021

Prepared for Voornaam

The 2021 Managing Partner Elite

By Daniel Hood, Danielle Lee      

10 extraordinary firm leaders from a year that called for extraordinary leadership. 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 urges tax pros to combat unemployment identity theft fraud

By Michael Cohn       4 min read

The Internal Revenue Service is asking tax professionals to help clients who fell prey to identity thieves who have been filing unemployment claims in their names during the pandemic. View story →

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IRS urges tax pros to beef up security this summer →

The Internal Revenue Service has launched a campaign this summer to persuade tax professionals to improve their cybersecurity amid an escalating series of ransomware attacks around the world.

'Experiential accounting:' managing the experience for client and staff alike

By Lyle Ball       3 min read

It’s time we apply the principles of customer, brand and product leadership to the accounting experiences we create and drive among our clients, practitioners and managers. View story →

RSM to acquire C Systems and Confluence Global

By Michael Cohn       2 min read

RSM US LLP is adding the U.S. and Canadian operations of C Systems, a consulting firm that specializes in nonprofit technology services and association management systems, and Confluence Global, a Salesforce consulting partner. View story →

Tax Fraud Blotter: Millions lost

By Jeff Stimpson       6 min read

Living on borrowed time; seed money; two down; and other highlights of recent tax cases. View story →

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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 →

AICPA honors 2021 'Standing Ovation' award recipients

By Sean McCabe       2 min read

Nine CPAs, all 40 years old or younger, were recognized across the personal finance and information technology sectors. View story →

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Align finance with tax to navigate the changing business world

By Marc Seewald       4 min read

With today’s business environment forcing companies to always be in a state of flux, the tax landscape will only become more complex.  View story →

Zeni receives $34M in funding for AI bookkeeping

By Michael Cohn       3 min read

The startup uses artificial intelligence to track cash flow and do bookkeeping. View story →

Black Caucus backs a candidate for PCAOB chair

By Robert Schmidt       2 min read

The congressional group took the unusual step of backing a candidate, law firm partner Erica Williams, to head the audit overseer. View story →

Senators pitch more targeted crypto measure in infrastructure

By Laura Davison       2 min read

A bipartisan group released an alternative cryptocurrency revenue-raising plan. View story →

Auditors coming under increased scrutiny from London courts

By Katharine Gemmell and Michael Kapoor       3 min read

A string of high-profile scandals have pushed the work of the world’s biggest auditors back into the spotlight. Read story →

Senators go beyond Biden plan to end private-equity tax break

By Laura Davison       3 min read

Two senior Democrats are proposing a bill that would go further than President Joe Biden’s plan and potentially raise quadruple the revenue. Read story →

IRS offers further guidance on employee retention credit, even as Congress may end it soon

By Michael Cohn       5 min read

Congress is weighing a proposal to end the tax break next month to pay for the bipartisan infrastructure plan. Read story →

IMA expands diversity efforts for accountants

By Michael Cohn       6 min read

The Institute of Management Accountants is planning to increase its efforts to promote greater diversity in the accounting profession with a new director of diversity, equity and inclusion, Darryl Jackson. Read story →

Private sector added 330K jobs in July

By Michael Cohn       2 min read

The economy showed signs of a boost despite increasing worries over the Delta variant of COVID-19, according to ADP. Read story →

RESOURCES

WEB SEMINAR

Bankers and accountants in the anticipation economy

Thursday, August 12, 2021 2:00 PM EDT

Customers, investors, regulators and other stakeholders’ expectations of bankers are rapidly evolving, and disruptive competitors are targeting our most profitable customers.  Learn More →

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The top 10 benefits of a smart accounts payable solution for finance teams

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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 →

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