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July 15, 2021

Prepared for Voornaam

How accounting firms can protect against remote work security threats

By Douglas G. Schultz, Sarah A. Lynn       4 min read

With millions of more Americans now telecommuting, accounting firm leaders need to know how to prevent data breaches and information theft. View story →

Xero introduces AI-powered analytics tool

By Ranica Arrowsmith       2 min read

The offering comes at a time when business’ appetites for strong data insights are renewed, following the difficult pandemic year. View story →

RELATED

Ivix receives $13M in funding to help fight tax evasion →

The Israeli technology company is advised by former IRS officials and current PwC execs.

Ivix receives $13M in funding to help fight tax evasion

By Michael Cohn       2 min read

The Israeli technology company is advised by former IRS officials and current PwC execs. View story →

Get ready for ‘edge’ tech, and other tech stories you may have missed

By Gene Marks      

The debut of Windows 11, crypto features in PayPayl, and eight other things that happened in technology this past month and how they’ll impact your clients and your firm.  View story →

Dean Dorton acquires data analytics firm

By Michael Cohn       2 min read

The Regional Leader has bought Breakpoint Technology, a data analytics and technology collaboration practice in Louisville, Kentucky. View story →

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Biden agenda gets boost on Democrats’ $3.5T proposal

By Erik Wasson, Steven T. Dennis and Laura Davison       3 min read

Senate Democrats on the Budget Committee agreed to set a $3.5 trillion top-line spending level for a bill to carry most of President Joe Biden’s economic agenda into law without Republican support, bridging divisions — for now — among some party factions. View story →

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Tycoon takes refuge in France as Mexico seeks arrest in tax case

By Andrea Navarro       2 min read

Mexican businessman Miguel Aleman Magnani is residing in France and fighting an arrest warrant in his native country on charges of tax fraud. View story →

In the blogs: Spanning the globe

By Jeff Stimpson       3 min read

Service with a smell; disclosure expectations; new to us; and other highlights from our favorite tax bloggers. View story →

Hundreds of government entities wrongly claimed tax credits

By Michael Cohn       2 min read

Over 500 government entities improperly applied for advance payments of employer tax credits last year during the COVID-19 pandemic and needed to repay them, according to a new report. View story →

ADP releases new time and scheduling tools, and more

By Ranica Arrowsmith       2 min read

The products come at a time when the American workforce is finding its way back to a post-pandemic “normal.”  View story →

Accountants expect strong economic recovery this year

By Michael Cohn       4 min read

Accountants are anticipating the global economy will return to pre-pandemic levels in the second half of this year, despite worries about inflation, according to a new survey. Read story →

From tea tariffs to taxes — and back

By Roger Russell       4 min read

A whirlwind tour of American taxes, from Boston Harbor to today’s Internal Revenue Code. Read story →

Not again: Avoid chaos when new tax regulations kick in

By Benjamin Alarie       4 min read

National tax offices were flooded with more than 500 inquiries a day from their field offices after the 2017 tax law, and a confused response cost some accounting firms clients. What lessons can be learned? Read story →

Garden-variety affluent investors embrace estate planning of the ultra-rich

By Lynnley Browning       4 min read

Trusts aren’t just for the .01%, as some advisors sell mass affluent and high-net-worth clients on their tax benefits. Read story →

Corporate climate efforts lack impact, say ex-sustainability execs

By Saijel Kishan       8 min read

The overemphasis on measuring and reporting sustainability has delayed, and displaced, the urgent action needed to tackle societal challenges. Read story →

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Why lease accounting software systems fail: 9 key functional deficiencies driving companies to replace ASC 842 software

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