DAILY BRIEFING

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May 25, 2021

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IRS tests secure transcript technology for tax pros

By Michael Cohn       2 min read

The Internal Revenue Service has been pilot testing new technology allowing for secure tax transcript retrieval that can integrate with an accounting firm’s practice management system. View story →

Gamified training gives accountants fun whodunits to solve

By Michael Cohn       4 min read

Continuing education courses can sometimes put accountants and tax professionals to sleep, but a new breed of e-learning is making the process more enjoyable and engaging. View story →

RELATED

Aquinas College adds accounting and auditing program for non-CPAs →

The Grand Rapids, Michigan-based institution is adding the online program due to the growing demand for IT professionals in the accounting and finance space.

Tech news: Xero ecosystem now 1,000 apps strong, and more

By Ranica Arrowsmith      

Anduin provides its billing solution to BDO firms, and TaxDome software updates improve e-sig capabilities. View story →

Art of Accounting: Client surveys

By Edward Mendlowitz       4 min read

Tax season has the largest concentration of clients and presents the best opportunity to find out what clients think about your services. View story →

Avalara provides tax content feed for POS systems

By Ranica Arrowsmith       2 min read

Avalara Content Generation for POS is designed to improve tax compliance and the customer experience.  View story →

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IRS plans virtual tax forums for July

By Michael Cohn       2 min read

The service plans to host its tax forums online again this summer starting July 20. View story →

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Aquinas College adds accounting and auditing program for non-CPAs

By Sean McCabe       1 min read

The Grand Rapids, Michigan-based institution is adding the online program due to the growing demand for IT professionals in the accounting and finance space. View story →

Biden tax hikes hitting resistance among Democrats

By Nancy Cook and Laura Davison       4 min read

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress. View story →

Ex-Trump official at Binance.US faces uproar over firm’s sibling

By Joe Light       6 min read

The first challenge for the new chief executive officer of Binance.US: combat the perception that his company is simply a stand-in for a sister crypto firm that’s under investigation by the IRS and the DOJ. View story →

Private companies still unprepared for leases standard

By Michael Cohn       4 min read

A sizable chunk of private companies still aren’t ready to implement the new lease accounting standard before the end of the year, despite postponements in the deadline due to the pandemic. View story →

Auditors leverage technology lessons from pandemic

By Michael Cohn       9 min read

Auditors are taking advantage of the remote auditing capabilities they used during the pandemic to do more types of audits and expand priorities like fraud detection and cybersecurity. Read story →

RSM US announces fourth Industry Eminence class

By Sean McCabe       2 min read

The three-year program aims to prepare participants for the economic, business and technology trends impacting the firm's middle-market clients. Read story →

On the move: KLR opens in Switzerland

By Danielle Lee      

The Top 100 Firm now has an office in Lausanne, Eide Bailly names 22 partners, the Virginia Society of CPAs installs its new board, and other news from across the accounting profession. Read story →

Supporting clients through COVID-19 challenges

By Leslie C. Egiziano       3 min read

Three of the biggest obstacles businesses face are financial instability, bringing employees back to the office, and developing a COVID-19 vaccine policy. Accountants can help clients through each of these areas. Read story →

Global tax revamp gathers pace as Europe salutes U.S. plan

By William Horobin and Michael Rapoport       4 min read

A U.S. proposal for a global minimum corporate tax of at least 15% met with an enthusiastic reception in Europe, bringing the world closer to a deal on sweeping changes to how much multinationals pay, and to which governments. Read story →

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REPORT

The CPA cybersecurity checklist: What firms need to do to protect their data

Find out where your cyber vulnerabilities are...before the hackers do. Learn which key areas need to be checked ASAP.  Learn More →

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