DAILY BRIEFING

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February 1, 2022

Prepared for Voornaam

Finding opportunities in emerging technologies

By Daniel Hood       15 min read

Four pioneers of technology-based services offer lessons for making the most of disruption. View story →

IRS managers defend automated penalty notices

By Michael Cohn       7 min read

A group representing managers at the service is pushing back against demands to stop sending automated tax notices to taxpayers. View story →

RELATED

Business leaders focus on combating inflation, retaining talent, transforming tax →

CEOs are turning their attention away from the pandemic to fighting inflation, according to a survey by PwC.

Art of Accounting: 153 Ed Mendlowitz checklists free

By Edward Mendlowitz       2 min read

There are 128 tax season, practice management and personal tips checklists, and a Getting Your Affairs in Order Tool Kit with 25 added checklists.  View story →

Auditing ESG reports on climate change and sustainability

By Michael Cohn      

EY's Marie-Laure Delarue discusses how accountants can help companies with their ESG reporting, and the formation of the new International Sustainability Standards Board. View story →

IRS releases new FAQs on the Child Tax Credit for tax season

By Michael Cohn       2 min read

The Internal Revenue Service issued a set of frequently asked questions Monday for filing season, with new material added on the expanded Child Tax Credit. View story →

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Trends and Technologies Shaping the Future of Tax and Accounting

Get the latest news, trends and resources on the tax solutions of the future Learn more →

Prioritizing the audit committee’s agenda for 2022

By Stephen Dabney       4 min read

With so many complex issues competing for their attention, audit committees can't afford to lose sight of their core oversight duties. View story →

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PCAOB revives outside advisory groups for investors and others

By Michael Cohn       4 min read

The Public Company Accounting Oversight Board is once again forming an Investor Advisory Group and starting a new Standards and Emerging Issues Advisory Group after the old board came under sharp criticism for scrapping its outside advisory groups. View story →

Tax pros see social impact from work

By Michael Cohn       5 min read

Tax professionals feel a strong sense of purpose and a positive impact on their communities in helping clients deal with their taxes, according to a new survey. View story →

International Public Sector Accounting Standards Board releases leases standard

By Michael Cohn       2 min read

The International Public Sector Accounting Standards Board has issued its own leasing standard for the public sector.  View story →

Opportunities in emerging tech: Leveraging your assets

By Daniel Hood       4 min read

Accounting firms start the process of building a new tech service with one inestimable asset: Their staff. View story →

Opportunities in emerging tech: 8 tips

By Daniel Hood      

Pioneering firms offer a handful of insights, best practices and strategies on building new tech-related service lines. Read story →

Treasury weighing alternatives to ID.me over privacy concerns

By Jennifer Epstein, Shawn Donnan and Dina Bass       5 min read

The department is reconsidering the IRS’s reliance on facial recognition software ID.me for access to its website. Read story →

Pelosi casts doubt on timetable for passing Biden’s economic plan

By Billy House       2 min read

The House speaker cast doubt on a drive by progressive Democrats to get some version of President Biden’s agenda through Congress by March 1. Read story →

IRS warns Child Tax Credit portal may have wrong amounts

By Michael Cohn       6 min read

The dervice is urging people to use the information in their online taxpayer accounts for the most up-to-date figures on the amount of the advance CTC. Read story →

Generational Viewpoints: Time for change

Two professionals from Barnes Dennig share which aspect of the public accounting business model they think should be changed first. Read story →

RESOURCES

WEB SEMINAR

Launching a CAS practice

Thursday, February 24, 2022 2:00 PM EST

A panel of experts from firms with thriving client accounting services practices share their insights on the technology, training, marketing, clients and more that you need to make the most of this popular service offering. Learn More →

SPONSORED BY BOTKEEPER

WEB SEMINAR

Positioning your accounting firm for growth in 2022 and beyond

Tuesday, March 1, 2022 2:00 PM EST

Despite the ongoing pandemic, time marches on, with accountants looking ahead at everything from client services and prospecting to technology and staff investments. Please join us to learn more about how your firm should be positioning payroll services and other offerings to drive business opportunities. Learn More →

SPONSOR CONTENT FROM SurePayroll

WEB SEMINAR

Blueprint for compliance: Building a complete project plan

Thursday, March 3, 2022 2:00 PM EST

During this live webinar, our expert panel of speakers will share customer stories of how to implement lease accounting software. Join us to hear firsthand what implementation was like, lessons learned, and best practices to follow during adoption. Learn More →

SPONSOR CONTENT FROM EZLease

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