DAILY BRIEFING

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September 2, 2021

Prepared for Voornaam

Are the DOJ and IRS backpedaling on considering cryptocurrency as property?

By Charles Kolstad       3 min read

Justice made a startling claim in a legal filing that cryptocurrencies are not in all instances property for U.S. tax purposes. View story →

5 mistakes to avoid in your return-to-office plans

By Jeanne Hardy       2 min read

Stakes are high for firms — they need to strike the right balance of certainty, feasibility and flexibility View story →

RELATED

Private sector added 374K jobs in August →

The economy showed continuing signs of recovery, although the Delta variant hampered new job creation.

Baker Tilly to acquire accounting tech services company

By Michael Cohn       2 min read

The Chicago-based firm plans to acquire a top Houston-based SageIntacct partner.  View story →

NASBA announces 2021 Accounting Education Research Grants recipients

By Sean McCabe       1 min read

The National Association of State Boards of Accountancy awarded a research grant to a team of postdoctoral researchers for advancing accounting education. View story →

Vic.ai rakes in $50M in Series B funds

By Ranica Arrowsmith       2 min read

The company plans to expand its enterprise offering and release additional AI capabilities for U.S. and European customers. View story →

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Neat introduces NeatBooks and NeatInvoices

By Michael Cohn       2 min read

The Neat Co. unveiled two new bookkeeping and invoicing apps, NeatBooks and NeatInvoices, aimed at small businesses. View story →

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Private sector added 374K jobs in August

By Michael Cohn       3 min read

The economy showed continuing signs of recovery, although the Delta variant hampered new job creation. View story →

Intuit in talks to buy Mailchimp for more than $10B

By Liana Baker, Kiel Porter and Ed Hammond       2 min read

Talks are ongoing and if they’re successful it would mark Intuit’s largest deal ever. View story →

KPMG accused of giving U.K. regulator ‘false and misleading’ data

By Karin Matussek and Ellen Milligan       2 min read

The FRC filed a disciplinary complaint against KPMG LLP, a former partner and current and former employees over their role in past audits of two companies. View story →

CTC helps poorest Americans pay off costly debt

By Michael Sasso       3 min read

America’s poorest families are using new child benefits in large measure to climb out of debt, much of it likely accumulated during the pandemic. View story →

Capital-gains tax hike exposes divisions among House Democrats

By Kaustuv Basu       3 min read

Key legislators are at odds over how high to increase levies on investment gains. Read story →

In the blogs: The lore, the merrier

By Jeff Stimpson       3 min read

When notices arrive late; deferred FICA minefield; two decades a-wandering; and other highlights from our favorite tax bloggers. Read story →

IRS tax lawsuits decreased in federal courts

By Michael Cohn       3 min read

The amount of civil tax lawsuits filed by the Internal Revenue Service in federal court this year is only half the number of a decade ago, but has held steady since last year. Read story →

How to be a flexible leader in changing times

By Amy Vetter       3 min read

It’s about building a style that allows for change when change is required, and knowing when to stick to your guns. Read story →

Xero debuts income tax solution for U.K. accountants

By Ranica Arrowsmith       2 min read

The new product is a move toward readiness for the U.K. tax authority’s “Making Tax Digital” initiative. Read story →

RESOURCES

WEB SEMINAR

A diagnostic deep dive

Tuesday, September 7, 2021 2:00 PM EDT

As the saying goes, an ounce of prevention is worth a pound of cure. That prevention comes in the form of powerful diagnostics, for auditors who use a Knowledge Coach solution.  Learn More →

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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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WEB SEMINAR

ASC 842 lease accounting: 10 best practices for day two and beyond

Wednesday, September 22, 2021 2:00 PM EDT

Adoption of ASC 842 lease accounting guidance is challenging, and most companies that have worked on compliance just want to get to a finish line.  Learn More →

SPONSOR CONTENT FROM CoStar

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