DAILY BRIEFING

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June 14, 2021

Prepared for Voornaam

Bill would make accounting part of STEM education

By Michael Cohn       3 min read

Congress introduced bipartisan legislation to recognize accounting as part of the science, technology, engineering and mathematics curricula.  View story →

On the move: HHM hires VP of marketing

By Danielle Lee      

FICPA names Women to Watch; Weaver promotes seven to partner; and more CPA news.  View story →

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Amanda Aguillard named COO of Padgett →

Padgett Business Services, a business and accounting consulting firm, has named Amanda Aguillard its new chief operating officer.

Tech news: LemonEdge and Airbase raise capital, and more

By Ranica Arrowsmith      

Vertex deepens partnership with Alfa to provide indirect tax solution for auto leasing companies.  View story →

IRS offers guidance on American Rescue Plan tax credits

By Michael Cohn       6 min read

The Internal Revenue Service is providing information about the child and dependent care credit and the paid sick and family leave credit, which were expanded under the American Rescue Plan. View story →

Can you earn $10K per hour from your tax practice?

By Kyle Walters       4 min read

No, that’s not a typo. You can focus on five figures per hour once you know how best to leverage your time. View story →

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GASB offers guidance on implementing leases, and more

By Michael Cohn       7 min read

The board released updated implementation guidance for its leases standard, along with other accounting standards for state and local governments. View story →

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ConvergenceCoaching names Spring 2020-21 'Leadership Program' grads

By Sean McCabe       2 min read

The consulting firm announced its newest group of high-potential CPAs who completed the one-year professional development program. View story →

GOP backs road fees while Democrats balk

By Keith Laing       6 min read

The debate over how to pay for the nation’s roads, bridges and transit systems is leading some normally anti-tax Republicans to embrace higher levies on motorists. View story →

Bipartisan Senate group seals $1.2T infrastructure deal

By Erik Wasson       2 min read

The proposal calls for $579 billion in net new spending beyond outlays that Congress was already expected to enact. View story →

Bipartisan Senate group floats first change to gas tax since 1993

By Erik Wasson and Laura Litvan       3 min read

Republican and Democratic senators said they’re open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan infrastructure spending package. View story →

Billionaire tax leak referred to FBI, IRS says

By Laura Davison       2 min read

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators. Read story →

Biden's capital gains tax increase proposals make tax planning tougher

By Michael Cohn       13 min read

The proposed changes are worrying investors and their tax advisors, especially the possibility of making them retroactive. Read story →

Tax Fraud Blotter: Jailhouse crocks

By Jeff Stimpson       6 min read

Two-state two step; primed for prison; contemptible; and other highlights of recent tax cases. Read story →

Planful launches native AI/ML portfolio

By Ranica Arrowsmith       1 min read

Predict: Signals is the first in a range of native artificial intelligence and machine learning products to come from the company. Read story →

What business clients should know about EINs

By Nellie Akalp       6 min read

The topic of Employer Identification Numbers is sure to arise as accountants help clients get all of their tax to-dos in order.  Read story →

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