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November 9, 2021

Prepared for Voornaam

SEC names new chair and members of PCAOB

By Michael Cohn       4 min read

The Securities and Exchange Commission has appointed longtime SEC official Erica Y. Williams as the new chair of the Public Company Accounting Oversight Board, and named three new members.  View story →

A revised framework for the Build Back Better bill

By Mark A. Luscombe      

A look inside the current state of the Biden administration's 'human infrastructure' bill. View story →

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Tax Strategy: Year-end planning amid tax uncertainty →

As Congress wrangles, advisors are struggling to figure out how to help clients.

Tech News: New AR tools from BlackLine, and more

By Daniel Hood      

SaaS spending management, accounting automation, paperless billing registration and a number of other new developments. View story →

Infrastructure bill includes some tax provisions

By Michael Cohn       4 min read

The bipartisan infrastructure bill that the House passed over the weekend and sent to President Biden’s desk includes some tax-related provisions, including an early expiration of the Employee Retention Tax Credit and new rules for reporting on cryptocurrency transactions. View story →

BF Borgers leads again in new SEC clients

By Daniel Hood       2 min read

With activity up, a number of firms brought on large numbers of new clients, but netted far fewer. View story →

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Art of Accounting: Moonlighting staff

By Edward Mendlowitz       3 min read

Employees who work outside regular hours on their own business can bring valuable experience to a firm. View story →

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Opportunity zone compliance eludes IRS as December deadline approaches

By Michael Cohn       8 min read

The Internal Revenue Service is going to have a hard time ensuring compliance with the rules for opportunity zones, since much of the data is unavailable, according to a new report, even as a key deadline for the program is ending in December. View story →

Professional satisfaction, values top Gen Z's concerns: EY report

By Sean McCabe       3 min read

Ernst & Young's second annual Gen Z Segmentation Study found that young people have a list of worries as they enter the workforce, ranging from personal issues to the world at large. View story →

Biden calls public works bill, job growth ‘monumental step’

By Jennifer Jacobs and Jennifer Epstein       3 min read

The president described the passage of the bill a direct response to voters who handed his party defeats in state elections last week. View story →

Crypto traders have short window to avoid House tax plan

By Allyson Versprille       4 min read

Cryptocurrency investors would have little time to plan against possible tax increases under legislation advancing in Congress. View story →

SALT plan would mean tax cut for New Jersey, Democrat says

By Laura Davison       2 min read

Middle-class households in New Jersey and other high-tax states would benefit from an expansion of the deduction, a key House Democrat said. Read story →

Blockchain and the future of audit

By Daniel Hood      

Heather Paquette of KPMG talks about how digital ledger technologies are impacting business and the auditing profession. Read story →

UN makes little progress on carbon taxes

By Michael Cohn       5 min read

Some countries are already taxing greenhouse gas emissions, but the U.S. is not likely to follow suit anytime soon. Read story →

SEC OKs PCAOB rule on foreign audit inspections

By Michael Cohn       3 min read

The Commission approved a rule to ensure the Public Company Accounting Oversight Board can inspect firms in other countries, especially China. Read story →

October sees 531K new jobs, with 4.1K in accounting

By Michael Cohn       4 min read

The robust jobs report showed the unemployment rate declining two-tenths of a point to 4.6%. Read story →

RESOURCES

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ASC 842 - The clock is ticking for Non-Public entities

Tuesday, November 9, 2021 2:00 PM EST

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REPORT

6 steps to finding and loading lease data: A quick start guide for compliance

6 key steps to figure out what you lease and how to get compliant with lease accounting standards.  Learn More →

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2022 and beyond accounting firm technology preview

Wednesday, December 1, 2021 2:00 PM EST

The latest technologies are making it easier for firms to adapt to the rapid pace of change and handle increased pressures in the accounting profession.  Learn More →

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