DAILY BRIEFING

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January 24, 2022

Prepared for Voornaam

IRS begins requiring new ID system for accessing online accounts

By Michael Cohn       2 min read

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me. View story →

Transition Advisors merges with Whitman Business Advisors

By Sean McCabe       2 min read

The newly formed Whitman Transition Advisors will be the largest M&A and consulting organization focused exclusively on CPA firms. View story →

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Bill.com expands into new fields →

Bill.com CEO René Lacerte has been growing his company with recent acquisitions that have been adding spend management and accounts receivable capabilities, with more deals perhaps on the way.

On the move: EisnerAmper names first DEI director

By Danielle Lee      

Antares, Postlethwaite & Netterville and Clark Schaefer Hackett also fill newly created roles; new FASAC and GASAC members appointed; and more CPA news.  View story →

The IRS is looking for a few good lawyers

By Jeff Stimpson       2 min read

It wants more than 200, in fact, to help it fight illegal tax schemes. View story →

Bill.com expands into new fields

By Michael Cohn       5 min read

Bill.com CEO René Lacerte has been growing his company with recent acquisitions that have been adding spend management and accounts receivable capabilities, with more deals perhaps on the way. View story →

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Look outside your industry for ways to build trust

By Kyle Walters       4 min read

Here are three simple strategies for building client trust. View story →

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House Democrats introduce bill to speed tax refunds for EITC recipients

By Michael Cohn       3 min read

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early. View story →

H&R Block launches the challenger bank it teased last year

By Miriam Cross       2 min read

The tax preparation giant is diversifying its services with a digital bank that it hopes will entice customers with no-fee features, cash back rewards and early access to paychecks. View story →

‘Fight like hell’: Democrats draw lines on slim Biden plan

By By Erik Wasson and Emily Wilkins       5 min read

The president's attempt to salvage his economic agenda has revived battles within his party over the same proposals that have bedeviled the plan for months.  View story →

A tax prep revolution?

Mark Steber, chief tax information officer of Jackson Hewitt, discusses the tax prep chain's flat-fee offering, what tax season's going to look like, and the future of tax prep. View story →

Keeping up with the evolving role of the CFO

By Dan Drees       4 min read

Digital transformation is a key initiative for many chief financial officers. Read story →

IRS having difficulty processing power of attorney forms

By Michael Cohn       10 min read

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.  Read story →

AAM seeks applicants for 2022 marketing awards

By Sean McCabe       2 min read

The Association for Accounting Marketing announced a call for submissions for both its Marketing Achievement and Marketer of the Year awards. Read story →

Doeren Mayhew merges in Beene Garter

By Michael Cohn       2 min read

The Top 100 Firm is expanding to the western part of its home state. Read story →

Tax Fraud Blotter: Catching the big ones

By Jeff Stimpson       6 min read

More mortgage; a different kind of co-pay; no prize inside; and other highlights of recent tax cases. Read story →

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