“Even the easy returns are not simple right now,” a CPA says.
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Upcoming Events
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March 17, 2021
Upcoming Events March 17, 2021
Daily Briefing
Tax season turns into 'dumpster fire' for advisors, clients after stimulus bill passes
By Lynnley Browning      5 min read
“Even the easy returns are not simple right now,” a CPA says.
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IRS adds tax forms and info in Spanish, other languages
By Michael Cohn      3 min read
The Internal Revenue Service posted a Spanish version of its Form 1040 and instructions Tuesday and made available publications and online information in other languages.
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The clock is ticking on a new unemployment tax benefit
By Shaun Hunley      3 min read
For those with less than $150,000 in adjusted gross income who collected unemployment benefits this past year, the COVID relief bill allows them to receive up to $10,200 of those benefits tax-free.
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How a strong firm culture keeps CPAs focused in difficult times
By Carla McCall      5 min read
Building the right balance calls for a three-phase approach: Create a safe space, apply lessons learned, and map a vision for the future.
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Let’s improve PCAOB communications with audit committees
By Dennis Beresford      3 min read
Audit committee chairs may not be fully able to grasp certain detailed comments from the PCAOB or respond appropriately on behalf of the company.
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IMA elects incoming chair
By Michael Cohn      4 min read
The institute named Gwen van Berne as its sixth female chair-elect and the first to reside abroad.
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Julio Gonzalez launches company to focus on employer tax credits
By Sean McCabe      2 min read
The new venture enables CPA firms to help small-business owners secure employer-based tax help.
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Lease workflow startup secures seed funding
By Ranica Arrowsmith      2 min read
Trullion's software uses artificial intelligence to read unstructured data and translate it into real-time financial reports.
Read More
 
In the blogs: Nice explanations
By Jeff Stimpson      3 min read
An unacknowledged credit; potential estate tax changes; an ongoing EIN mess; and other highlights from our favorite tax bloggers.
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How to create an AI-ready staff
By Patrick Morrell      5 min read
Inaction on AI was once a permissible approach; now it’s an existential threat.
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RESOURCES
WEB SEMINAR
Getting better at lease accounting: Benchmarks and best practices
Half of organizations say they still don’t have lease accounting fully integrated with their monthly close process, while those who have implemented the standards routinely say implementation was far more complicated than they thought it would be.
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WEB SEMINAR
A holistic approach to building agility and resilience in accounting and finance →
EBOOK
8 tax year 2020 issues: What business owners and accounting firms need to know →
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