DAILY BRIEFING

View in browser

July 2, 2021

Prepared for Voornaam

Accounting Today's Daily Briefing will not be published on Monday. Enjoy your holiday weekend.

Accountants more likely to return to offices than others: Study

By Daniel Hood      

A cross-industry survey finds that accounting firm leaders are not embracing WFH as much as other industries. View story →

Congress introduces tax preparer regulation bill

By Michael Cohn       5 min read

A pair of lawmakers introduced bipartisan legislation to regulate tax preparers in the latest effort to ferret out unqualified preparers. View story →

RELATED

IRS releases data on activities during COVID →

The service released a Data Book Thursday highlighting its work this past fiscal year, particularly in response to the pandemic.

The VAR 100: Lifelines in a world gone mad

By Ranica Arrowsmith       7 min read

As uncertainty raged, these resellers did essential work setting clients up for more success than ever as the pandemic passes. View story →

BPM merges in Gumbiner Savett

By Michael Cohn       2 min read

The Top 50 Firm is expanding to Santa Monica. View story →

CPA conviction for conspiracy and aiding filing of false returns affirmed

By Roger Russell       2 min read

A federal appeals court in Boston has upheld the jury conviction of a CPA for filing a false tax return, despite the CPA’s claim that he relied on information provided by his client and client’s bookkeeper. View story →

SPONSOR CONTENT

Supercharge Your Accounting Career, Today! Apply Now.

The FAU Executive Accounting Master’s Program is tailored to meet the needs of busy professionals. Find Out More! →

Tax Fraud Blotter: Frightful behavior

By Jeff Stimpson       5 min read

And the nominees are...; junk mail; discredited; and other highlights of recent tax cases. View story →

Follow Accounting Today in real time. More ways to get the most trusted industry news and analysis.

Twitter

Facebook

LinkedIn

Managing nonprofits' state registration requirements

By James Gilmer       6 min read

Because each state’s requirements vary, nonprofits and their accounting firms are tasked with navigating a complex regulatory landscape. View story →

Trump Organization CFO surrenders to authorities in New York

By Greg Farrell and Patricia Hurtado       4 min read

A grand jury indicted Allen Weisselberg and the company in an extraordinary challenge to the former president.  View story →

Global tax overhaul endorsed by 130 nations

By William Horobin       3 min read

The world took a big step toward sweeping changes in taxation setting a minimum rate for corporations along with rules to share the spoils from multinationals.  View story →

Financial firms poised to be exempt from new global tax rules

By Alex Morales and Laura Davison       1 min read

Financial-services companies are set to be exempt from a global plan to make multinational firms pay more tax to the countries where they operate, in a win for U.K. Chancellor of the Exchequer Rishi Sunak. View story →

Global tax talks in sprint for deal as hurdles endure

By Isabel Gottlieb and William Horobin       4 min read

Negotiations among more than 100 countries to overhaul global taxation are facing key questions as rich nations seek to persuade many developing economies to reach a preliminary deal in the week and a half. Read story →

The 2021 VAR 100

By Ranica Arrowsmith      

Accounting Today's annual ranking of the leading resellers in tax and accounting. Read story →

Taxpayer Advocate prods IRS to improve service, reduce backlog

By Michael Cohn       6 min read

National Taxpayer Advocate Erin Collins pointed to continuing backlogs at the Internal Revenue Service and difficulty reaching telephone assistance in a report to Congress Thursday. Read story →

Trump Organization, CFO charged in Vance probe

By Erik Larson and Jennifer Jacobs       3 min read

Chief Financial Officer Allen Weisselberg is expected to be charged in the first cases to emerge from a multiyear investigation of the former president’s company Read story →

M&A roundup: Friedman and Herbein expand

By Michael Cohn      

Friedman added Bohlmann Accounting Group, and Herbein + Company merged in Mosteller & Associates. Read story →

RESOURCES

WEB SEMINAR

Tax legislation update and tips for generating client engagements and revenues in 2022

Tuesday, July 13, 2021 2:00 PM EDT

Get a head start on next tax season by learning what types of planning might be in store for you and your clients heading into 2022, including a review of all COVID-19 relief provisions, the SECURE Act and the CARES Act. Learn More →

SPONSOR CONTENT FROM WOLTERS KLUWER

REPORT

ASC 842: Get ahead of the deadlines with the right approach

An overview for achieving and maintaining compliance with the ASC 842 lease accounting standard. Learn More →

SPONSOR CONTENT FROM EZLEASE

REPORT

Security in the age of the remote workforce

Keeping client and firm data was hard enough when most people were working in offices, but with more and more employees working remotely – and likely to stay that way – the risks of data loss and breaches has increased enormously. This report looks at how firms can protect themselves. Learn More →

SPONSORED BY RIGHT NETWORKS

More resources →