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October 4, 2021

Prepared for Voornaam

Pandemic hurt diversity efforts in tax and accounting

By Michael Cohn       5 min read

Accountants of color and women took on increased workloads at firms during the COVID-19 pandemic, but didn’t necessarily see their careers advance, according to a new study. View story →

On the move: NJCPA holds annual food drive

By Danielle Lee      

Eide Bailly names next CEO; IPSASB and FASB add board members; and more CPA news.  View story →

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Eide Bailly names next MP →

Jeremy Hauk will assume the role May 1, 2022, succeeding Dave Stende, who will retire after nearly 40 years at the firm and nine years at the helm.

Private equity and you: Is it worth the pain?

By Dom Esposito, Tony Zecca       5 min read

Midsized to large CPA firms may be considering a private equity transaction, but there is much to be considered beforehand.  View story →

Grant Thornton sees revenue rise to $1.97B

By Michael Cohn       2 min read

Revenue from advisory services made up 39% of fees, accounting and auditing fees comprised 35%, and tax services accounted for 26% of revenue. View story →

M&A roundup: Dean Dorton and Tronconi Segarra expand

By Michael Cohn      

Dean Dorton Allen Ford merged in Penny Longobardo & Co.; and Tronconi Segarra & Associates added Feeley, Bonaventura & Hyzy CPAs. View story →

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Value Reporting Foundation weighs materiality questions for ESG reporting

By Michael Cohn       5 min read

The Value Reporting Foundation, the group formed by the recent merger of the Sustainability Accounting Standards Board and the International Integrated Reporting Council, is mulling changes in how it uses the term “materiality” to avoid legal and regulatory conflicts for companies disclosing their sustainability efforts. View story →

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U.S. says not so fast in tax-fraud trial of U.S. exec from Russian gas co.

By David Voreacos       3 min read

Prosecutors want more time to gather more evidence from overseas against Novatek exec Mark Gyetvay. View story →

Manchin wants Biden social spending plan cut to $1.5T

By Laura Litvan and Mike Dorning       4 min read

Manchin said any new programs should be means-tested and that the tax offsets should include elimination of the carried-interest provision that especially benefits private equity firms. View story →

Build the perfect spousal lifetime access trust

By Joe Maier       11 min read

The use of a SLAT to eliminate the risk of changes in the estate and gift tax system can help separate legacy assets from lifetime assets. View story →

Tax Fraud Blotter: Next year, same victims

By Jeff Stimpson       5 min read

Grossly underreported; unreal estate; auction closed; and other highlights of recent tax cases. View story →

Aprio to take over RSM’s Firm Foundation

By Daniel Hood       2 min read

The Atlanta-based Top 50 Firm aims to triple the size of its alliance in the next few years. Read story →

MindBridge recognizes four firms for innovation in audit

By Ranica Arrowsmith      

Cherry Bekaert, MNP LLP, Moore Kingston Smith, and Plante Moran each won an award for their distinct use of MindBridge's technology.  Read story →

Firms named to Working Mother’s 2021 ‘Best Companies’ list

By Sean McCabe       1 min read

The Big Four and other prominent accounting firms were recognized for their benefits and policies for new parents. Read story →

Banks enlist customers to kill Biden’s account data reporting plan

By Laura Davison and Allyson Versprille       4 min read

Financial institutions aim to stop a measure that would require banks to hand over some account information to the IRS.  Read story →

Bankers charged with helping hedge fund manager dodge taxes

By Christian Berthelsen       3 min read

A Swiss firm and five bankers were charged with tax fraud conspiracy for allegedly helping hide $60 million in assets. Read story →

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Post extension season process improvements to enrich client relationships and maximize billable hours

Thursday, October 21, 2021 2:00 PM EDT

Many professionals would agree that the last two tax seasons have been challenging, with both federal and state government entities implementing new pandemic-related legislation and extending filing deadlines. Learn More →

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The top 3 transformations in accounting: Surviving the shifting roles of the CFO

Thursday, November 11, 2021 2:00 PM EST

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