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December 22, 2021

Prepared for Voornaam

Tax planning is worth 5 times tax prep

By Daniel Hood       1 min read

A survey from Intuit Accountants indicates that tax-related planning and advisory services bring in much more than compliance services. View story →

Tax moves are still possible with Build Back Better delay

By Roger Russell       3 min read

Uncertainty in Washington doesn't mean tax professionals can't offer clients guidance. View story →

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Where will Dems cut their wish list to satisfy Manchin? →

Handicapping which tax credits and other provisions will stay in the Build Back Better package.

PCAOB updates guidance on Form AP

By Daniel Hood       1 min read

The updates are mostly technical, but some cover remote-work arrangements for some seconded employees during the pandemic. View story →

'Personal finance secret': Donating stock is more lucrative than giving cash

By Lynnley Browning       5 min read

The ability to deduct the full value of the stock and avoid capital gains taxes is lesser-known by rich investors and many advisors.  View story →

Where will Dems cut their wish list to satisfy Manchin?

By Erik Wasson and Laura Davison       5 min read

Handicapping which tax credits and other provisions will stay in the Build Back Better package. View story →

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Sage to acquire cloud-based retail management system

By Daniel Hood       1 min read

The $299 million acquisition of Brightpearl is expected to expand Sage Intacct’s reach in retail and ecommerce. View story →

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In the blogs: Room for improvement

By Jeff Stimpson       4 min read

What’s wrong with the IRS?; lessons from court; a new blog; and other highlights from our favorite tax bloggers. View story →

UBS appeals $2B tax penalty at French Supreme Court

By Nicholas Comfort, Marion Halftermeyer and Gaspard Sebag       2 min read

The bank has already won a significant reduction of its previous penalties. View story →

Musk says he'll pay over $11B in taxes this year

By Katrina Nicholas       2 min read

That would be the largest individual payment to the IRS ever. View story →

Filing relief for weather victims in Illinois, Tennessee

By Jeff Stimpson       3 min read

The IRS is now offering later deadlines to more areas hit by storms, tornadoes and flooding. View story →

Super-rich Americans relieved as tax hikes are canceled for now

By Ben Steverman       5 min read

The Build Back Better bill looks likely to only be considered in January 2022, and that likely in less radical form. Read story →

SALT-cap expansion has nowhere to go as Biden agenda stalls

By Laura Davison       3 min read

Advocates say they'll continue pushing for the write-off, but it is not widely popular. Read story →

Armanino launches 'Accelerated Path to Manager'

By Sean McCabe       2 min read

The Top 25 Firm's new program aims to take the traditional five- to six-year path to manager down to four. Read story →

FASB looks for disclosures on supplier finance programs

By Daniel Hood       1 min read

A proposed accounting standards update would require buyers to share key details, which currently aren't required to be disclosed at all. Read story →

With Biden's plan adrift, tax bills for rich Americans are in doubt

By Laura Davison       4 min read

'Planning has been put on hold, because no one knows what the rules of the game are,' says one accounting firm partner. Read story →

RESOURCES

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Recruiting and retention in 2022

Wednesday, January 19, 2022 2:00 PM EST

Long before the rest of the economy faced the Great Resignation, the accounting profession found itself in a massive war for talent, struggling to find and keep staff. Learn More →

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