DAILY BRIEFING

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September 10, 2021

Prepared for Voornaam

IRS hit with programming bug on COVID-19 tax relief

By Michael Cohn       2 min read

The service warned Thursday of an issue that’s affecting business taxpayers who need transcripts for requesting COVID-19 employment tax relief. View story →

Tax Fraud Blotter: Skullduggery

By Jeff Stimpson       6 min read

Mr. Coins; a whole book of numbers; lack of horse sense; and other highlights of recent tax cases. View story →

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Tax Fraud Blotter: No free lunch →

Everybody’s All-American thief; getting a new kind of number; out of a job; and other highlights of recent tax cases.

Deloitte global revenue increases to $50.2B

By Michael Cohn       4 min read

Deloitte reported its global revenue grew 5.5% in the fiscal year ending May 31, 2021 to $50.2 billion as the firm increased its workforce 3.2% to 345,000. View story →

PwC increases ESG services

By Michael Cohn       5 min read

The Big Four firm is broadening its array of services to help clients deal with growing demands for sustainability and climate risk reporting and assurance. View story →

CRI merges in Sharrard McGee

By Michael Cohn       2 min read

Carr, Riggs & Ingram, a Top 25 Firm based in Enterprise, Alabama, has expanded in North Carolina by adding Sharrard, McGee & Co., a firm with offices in High Point and Greensboro. View story →

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AICPA Foundation awards 2021 Minority Doctoral Fellowships

By Sean McCabe       2 min read

The American Institute of CPAs Foundation granted fellowships to 25 minority doctoral students to boost the representation of minority educators in accounting programs. View story →

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Doing geographic expansion right at your firm

By Dom Esposito       4 min read

Many one-office firms that open up a second office in a different city are disappointed with its integration and financial performance.  View story →

Crowe adds tech firm Upaya

By Michael Cohn       2 min read

The Top 10 Firm has signed an agreement to add personnel from the California technology firm effective Oct. 1. View story →

CAQ reports on climate disclosures in financial reporting

By Michael Cohn       2 min read

The Center for Audit Quality released a report on the current requirements for public company auditors regarding climate-related reporting. View story →

SALT cap confounds House Dems crafting taxes for Biden plan

By Kaustuv Basu       3 min read

The stumbling block is scrapping the deduction limit without losing progressives wary of a tax cut that would overwhelmingly benefit the wealthy. View story →

New York, New Jersey Ida victims get tax relief

By Jeff Stimpson       3 min read

The IRS has moved a number of filing and payment deadlines. Read story →

Treasury: Super-rich owe $307 billion in unpaid taxes every year

By Daniel Hood       2 min read

A new government report says more funding for the IRS is the solution to the tax gap. Read story →

Democratic divisions jeopardize scope of Biden economic plan

By Laura Litvan and Billy House       3 min read

Nonetheless, the party's congressional leaders are determined to forge ahead with the tax and spending plan. Read story →

Many tax pros are undercharging clients: NATP

By Jeff Stimpson       2 min read

The NATP has released the latest edition of its annual fee study for practitioners. Read story →

Meet the 2021 Best Small Firms to Work For

By Daniel Hood      

An introduction to the members of Accounting Today's annual ranking of the top workplaces in the profession. Read story →

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