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August 20, 2021

Prepared for Voornaam

Top 10 sales and use tax audit triggers for 2021

By Mark Friedlich      

States disagree on many things, but one thing they agree on are the activities businesses engage in, or things they fail to do, in meeting their sales and use tax obligations that are most likely to lead to a sales and use tax audit. View story →

PwC delays return to offices amid Delta spread

By Michael Cohn       4 min read

The Big Four firm is postponing the return of U.S. employees to its offices until November as the highly transmissible variant of COVID-19 continues to proliferate. View story →

RELATED

U.S. households paying no income tax hit 61% →

Declines in income and boosts to government subsidies wiped away tax liabilities.

EY launches Career Path Accelerator Program

By Sean McCabe       2 min read

The Big Four firm's new program aims to help more students earn their 150-credit hour CPA licensure requirements sooner through affordable and approachable training. View story →

Lease accounting changes keep on coming

By Michael Cohn       15 min read

Private companies are facing a deadline on implementing the new standard, but recent updates could make an impact. View story →

PCAOB sees improvement in audits of broker-dealers

By Michael Cohn       2 min read

The board reported a decline in the number of firms that had deficiencies last year but the rate is still comparatively high. View story →

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Tax Fraud Blotter: Obvious red flags

By Jeff Stimpson       5 min read

Sister act; a day to think about it; cheat wagon; and other highlights of recent tax cases. View story →

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Accountants unite to fight Alzheimer’s

By Peter J. Scalise       2 min read

During 2021, the Alzheimer’s Association Accounting Industry Leadership Council more than doubled in size from eight members to 18. View story →

Strategic IT should be at the top of every client’s priority list

By Julia Deien, Jason Gotway       5 min read

The need for business leaders and executives to add strategic IT experts to their roster of trusted advisors is long overdue. View story →

There are more 401(k) and IRA millionaires than ever

By Suzanne Woolley       3 min read

The number of accounts with balances of at least $1 million grew 84% year over year, while the number of seven-figure IRAs jumped more than 64%. View story →

U.S. households paying no income tax hit 61%

By Laura Davison       1 min read

Declines in income and boosts to government subsidies wiped away tax liabilities. View story →

Truckers must file highway use tax form this month

By Jeff Stimpson       1 min read

The IRS is reminding drivers and fleet owners about the Aug. 31 deadline for Form 2290. Read story →

Wyden proposes tax credits to combat homelessness

By Michael Cohn       3 min read

The Senate Finance Committee chair introduced legislation with tax credits aimed at ending homelessness and providing affordable housing. Read story →

Continue to snooze, continue to lose if you’re not building an advisory practice

By Dom Esposito       4 min read

The greatest growth and margin opportunities for midsized CPA firms continue to be with the advisory and consulting services. Read story →

Fintechs much more likely to OK suspicious PPP loans: Study

By Katherine Chiglinsky       3 min read

Fintechs were almost five times more likely than traditional lenders to be involved with suspicious loans issued through the program, according to a new study. Read story →

Working from home? The New York State taxman doesn’t care

By Alexis Leondis       4 min read

More than 100,000 people who used to work or live in the state have received notices asking why they paid less to the state than they have in years past.  Read story →

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