Commissioner Charles Rettig left open the possibility that there may be delays.
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accountingToday
Upcoming Events
Daily Briefing
April 15, 2021
Upcoming Events April 15, 2021
Daily Briefing
IRS to roll out expanded Child Tax Credit on July 1
By Michael Cohn      6 min read
Commissioner Charles Rettig left open the possibility that there may be delays.
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What does the future of work look like in your industry?
Tell us what your work environment looks like today — and how you expect it to change — by taking our brief survey. Key findings will be shared in future coverage so you can see how your vision compares to your peers.
Read More
 
 
IRS clarifies application of 2020 overpayments to Q1 estimated payments
By Michael Cohn      6 min read
The service offered information on how to elect to apply an overpayment on 2020 taxes against Q1 2021 estimated taxes, which are still due on April 15.
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GASB proposes name change to avoid racist connotations
By Michael Cohn      2 min read
The board proposed changing “comprehensive annual financial report” to “annual comprehensive financial report” because the abbreviation sounds like a racist term in South Africa.
Read More
Grant Thornton releases controls testing app
By Ranica Arrowsmith      3 min read
Cta.x is designed to help audit firms quickly develop and deploy automated internal controls tests to help them comply with regulations including Sarbanes-Oxley.
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SPONSOR CONTENT
Evaluating tax prep in the cloud
During this most unusual 2021 tax season, tax and accounting professionals are once again navigating new challenges amidst a global pandemic.
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Building your firm’s backup strategy
By Mike Potter      6 min read
Even cloud-based software requires a plan for keeping client data safe.
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Maybe it’s time for your firm to pivot to Plan B
By Dom Esposito      3 min read
Is it time to move away from staying independent for as long as you can and pivot to cashing out and merging up before the inevitable enhanced tax rates kick in and your general compliance shop’s worth diminishes?
Read More
 
Biden SEC pick Gary Gensler confirmed
By Ben Bain      3 min read
The new commissioner is poised to confront everything from the fallout of the GameStop trading frenzy to the deluge of SPACs.
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Bernard Madoff dies at 82
By Laurence Arnold      8 min read
The Manhattan investment adviser defrauded his A-list clients of more than $19 billion in history’s largest Ponzi scheme.
Read More
 
N.Y. Democrats demand SALT break restoration
By Laura Davison      2 min read
Seventeen Democrats told House Speaker Nancy Pelosi they would be ready to oppose any tax legislation that doesn't restore the break.
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GOP lawmaker Kevin Brady, leader of 2017 tax cuts, to retire
By Laura Davison      1 min read
The top Republican on the House Ways and Means Committee said he would leave Congress at the end of this term.
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RESOURCES
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Supporting payments growth with streamlined reconciliation
Even though use of digital payments has been on a steady rise, the Covid-19 pandemic accelerated the shift to digital.
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Increasing transparency through ESG disclosure →
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Supporting payments growth with streamlined reconciliation →
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