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December 16, 2021

Prepared for Voornaam

SEC commissioners approve PCAOB budget, add warnings and advice

By Daniel Hood       3 min read

Some expressed concerns about lower levels of enforcement, while one suggested the board suffered from a credibility gap. View story →

Biden agenda risks delay into 2022

By Laura Litvan, Erik Wasson and Steven T. Dennis       4 min read

Negotiations seem to be faltering between the White House and West Virginia Sen. Joe Manchin. View story →

RELATED

Biden aims to slash ‘time tax’ for Social Security, storm aid →

Among his mandates: having the IRS call taxpayers back, rather than making them sit on hold.

The 2021 Top 100 People: Words from the wise

Accounting's most influential offer guidance to the next generation of thought leaders and change-makers.  View story →

FASB updates research agenda

By Danielle Lee       2 min read

The projects have been prioritized based on stakeholder feedback in response to the board’s June invitation to comment.  View story →

M&A Watch: Two deals in Pa., one in Kansas

By Daniel Hood      

Adams Brown has acquired a firm in Kansas, and Isdaner & Co. and RKL are each merging in firms in Pennsylvania. View story →

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Turnover, hybrid work to shape hiring in 2022

By Sean McCabe       2 min read

Accounting and finance hiring in the new year will largely revolve around remote work options, increasing resignations, and candidate scarcity, according to report. View story →

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Backdoor Roths one step closer to demise; regular Roth conversions on 10-year leash for higher earners

By Lynnley Browning       4 min read

With Senate tax writers in agreement with the House to ban the favored tax-free strategy, wealth advisors have a narrow window to make moves.  View story →

New no-code, low-code tools, and other tech stories you may have missed

By Gene Marks      

More vendors are releasing tools that make it DIY tech easier, the ongoing problem of cybersecurity, and other stories you may have missed. View story →

FASB names 2021 Emerging Scholar Award recipient

By Sean McCabe       1 min read

Derek Christensen, a doctoral student at the University of Wisconsin—Madison, received the award for accounting standard-setting research. View story →

Judge dismisses Trump suit to block belease of tax returns

By Joe Schneider and Erik Larson       2 min read

The former president told the court he would be appealing the ruling. View story →

Musk faces $10B tax bill as he spars with Warren

By Tom Maloney and Ben Steverman       3 min read

The Tesla founder's exercise of a huge number of stock options has put him on track for what may be the biggest tax payment of all time. Read story →

Treasury plans first analysis of tax benefits by race

By Laura Davison and Ben Steverman       2 min read

The study will start by looking at coronavirus-related stimulus payments. Read story →

Don’t hold your breath on expiring tax breaks

By Roger Russell       4 min read

A host of provisions will expire at the end of the year, and there's no telling whether they'll be renewed, says Wolters Kluwer's Mark Luscombe. Read story →

In the blogs: The year that will be

By Jeff Stimpson       3 min read

New forms’ questions; taxpayers behaving badly; why people leave; and other highlights from our favorite tax bloggers. Read story →

Filing relief available to Kentucky weather victims

By Jeff Stimpson       2 min read

The IRS has extended filing and payment deadlines for them until May 16. Read story →

RESOURCES

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Everything we know – and don’t know – about tax planning for 2022

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You may be wondering what types of tax planning might be in store for firms and their clients heading into 2022. Learn More →

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