DAILY BRIEFING

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May 7, 2021

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Welcome to the new Accounting Today Daily Briefing newsletter! This updated look and feel is intended to deliver the must-read stories and ideas impacting your firm in a more dynamic and engaging way. Use your Accounting Today credentials to access our newsletter preference center, where you can sign up for additional mailings like breaking news alerts, real-time analysis and fresh ideas delivered every day.

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Editor-in-Chief

The Best Firms for Technology for 2021

By Daniel Hood, Danielle Lee, Ranica Arrowsmith      

Accounting Today’s annual selection highlights some of the most cutting-edge practices in the country. View story →

IRS speeds creation of tax pro accounts due to COVID

By Michael Cohn       2 min read

The service plans to offer online Tax Pro Accounts in the third quarter of this year, on a timeline accelerated by the pandemic.  View story →

RELATED

Biden’s audit-the-rich target of $700B seen as tall order →

The president's plan for increased tax audits of the wealthy and corporations is a major funding source for his economic-investment proposals.

What a global talent pool means for management accountants

By Jeff Thomson       3 min read

Each year on May 6, those of us in the finance profession recognize management accountants across the globe.  View story →

SASB readies new ESG standards

By Michael Cohn       5 min read

At the same time, the SEC is increasingly focusing on environmental, social and governance reporting.  View story →

Mental health: The elephant in the room

By Jody Padar       4 min read

Recognizing mental health issues is a huge part of showing up for your employees, your clients and, most of all, yourself. View story →

SPONSOR CONTENT

Square now offers ACH Payments

Learn how your business can benefit from using ACH payments with Square. Read more →

AICPA intros data analytics certification

By Michael Cohn       2 min read

The program aims to train CPAs and financial professionals in how to apply the technology. View story →

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Pathways to Growth: Walking the walk on consulting

By Gale Crosley       3 min read

Accounting firms have been thinking about the move to advisory services for long enough; it's time to act. View story →

AICPA announces 2020 Elijah Watt Sells Award winners

By Sean McCabe       1 min read

The American Institute of CPAs recognized 89 students across the country with the highest scores on the 2020 Uniform CPA Exam. View story →

Biden’s audit-the-rich target of $700B seen as tall order

By Allyson Versprille       4 min read

The president's plan for increased tax audits of the wealthy and corporations is a major funding source for his economic-investment proposals. View story →

Biden says he’s open to compromise on corporate tax hike

By Jordan Fabian and Jennifer Epstein       2 min read

'It doesn't have to be exactly' 28 percent, the president said, in a signal that a final package could well have a lower rate. View story →

Trump has lost key defense in tax return fight, Dems argue

By David Yaffe-Bellany       2 min read

A court filing by House Democrats says that their subpoena should no longer be held to the same legal standards that applied when Trump was president. Read story →

Tax Fraud Blotter: ‘Despicable, cruel and callous’

By Jeff Stimpson       5 min read

Morally bankrupt; pretend preparer; lack of faith; and other highlights of recent tax cases. Read story →

House committee advances retirement savings bill

By Michael Cohn       3 min read

The Ways and Means Committee approved bipartisan legislation Wednesday to expand automatic enrollment, among other things. Read story →

FloQast releases accounting coloring book ahead of Tax Day

By Michael Cohn       2 min read

The company's creative ways for accountants and tax pros to relax before the hectic deadline also include guided meditations. Read story →

Private sector added 742K jobs in April

By Michael Cohn       4 min read

Employers added 742,000 jobs last month, according to payroll giant ADP, as the economy bounces back despite the pandemic. Read story →

RESOURCES

WEB SEMINAR

Execute your data driven audit

Tuesday, May 11, 2021 2:00 PM EDT

The journey toward a fully data-driven audit that utilizes AI begins by first effectively leveraging automation and analytics in your audit workflow.  Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

REPORT

The 2021 best firms for technology

This listing highlights a range of firms that are setting the standard for embracing technology Learn More →

SPONSOR CONTENT FROM RIGHT NETWORKS

WEB SEMINAR

GASB 87: Capture, collect and comply

Wednesday, June 2, 2021 2:00 PM EDT

For many organizations, capturing lease accounting data will be the biggest implementation hurdle on the path to complying with the GASB 87 standards. Learn More →

SPONSOR CONTENT FROM EZLEASE

More resources →