DAILY BRIEFING

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July 6, 2021

Prepared for Voornaam

Accounting Today's Daily Briefing will not be published on Monday.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

New bill would simplify tax payment deadlines

By Michael Cohn       2 min read

Congress introduced bipartisan legislation aimed at changing the estimated tax payment deadlines to a uniform, quarterly schedule. View story →

On the move: Bober Markey Fedorovich elects new partner

By Danielle Lee      

NATP returns to in-person education events; BerryDunn, Whitley Penn and Crowe announce large slate of promotions; and more CPA news.  View story →

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On the move: MarksNelson adds new partner →

Sikich opens new offices in Indianapolis and Milwaukee to support flexible work model; NJCPA recognizes 2021 Lifetime Leader; and more CPA news.

Tech news: Harness Wealth raises millions for investor tax advisory tool, and more

By Ranica Arrowsmith      

MineralTree adds Dynamics 365 integration, and Cloud at Work is the exclusive Sage hosting partner for ACI Consulting. View story →

Employers added 850K jobs in June, including 2.8K in accounting

By Michael Cohn       3 min read

The unemployment rate ticked up slightly, even as the economic recovery strengthens. View story →

Pandemic relief extended for donated vacation

By Jeff Stimpson       1 min read

The IRS won’t treat cash-for-vacation donations as compensation. View story →

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What’s on your ‘Done for the Day’ list?

By Kyle Walters       5 min read

Spend five minutes every morning writing down the things you can absolutely commit to finishing before you go home each night. View story →

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MineralTree now offers analytics for AP health

By Ranica Arrowsmith       1 min read

The module is designed to give insights into AP workflows, payments optimization, cash flow and security. View story →

Art of Accounting: Qualities that make someone a partner

By Edward Mendlowitz       4 min read

There are many qualities that make a partner and many times it is not one big thing but many small things.  View story →

The Black CPA Centennial: Meet the first Black CPA Ph.Ds

By Anita Dennis       5 min read

Diverse faculty are a major factor in attracting diverse students to the accounting profession. View story →

Trump CFO’s luxury perks could lead to long prison sentence

By David Voreacos and Greg Farrell       4 min read

Trump Organization Chief Financial Officer Allen Weisselberg made $940,000 a year from 2011 to 2018, but much of that was “off the books,” Manhattan prosecutors claim. View story →

A divorce raised questions, then aided the probe of Trump’s CFO

By Caleb Melby       5 min read

Part of Allen Weisselberg’s legal troubles began when his former daughter-in-law couldn’t get the numbers in her divorce proceedings to add up. Read story →

EU and U.S. to discuss digital tax ahead of bloc’s levy plan

By Aoife White and Alberto Nardelli       1 min read

The European Union’s digital chief will meet U.S. Treasury Secretary Janet Yellen next week as the EU delayed plans for a digital levy after a potential global tax breakthrough. Read story →

European trio cast dissatisfied shadow over global tax deal

By Zoltan Simon and Peter Flanagan       4 min read

An tiny group of countries from far-flung corners of the EU is resisting worldwide consensus on a revamp of corporate tax. Read story →

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. Read 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. Read story →

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

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