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DAILY BRIEFING

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May 12, 2021

Prepared for Voornaam

The post-COVID tax practice: What preparers will keep doing

By Jeff Stimpson       3 min read

One thing they’ll definitely keep: not seeing every client in person. View story →

Grant Thornton takes the lead in new SEC clients

By Daniel Hood       2 min read

The market in new audit engagements is picking up after dropping in the second half of last year. View story →

RELATED

The downside of auditor rotation →

Recent research from University of Kansas business professor Amanda Winn suggests that partner rotation and PCAOB inspections may have some unintended effects.  

Gen Z anticipates a shifting workplace: IFAC and ACCA report

By Sean McCabe       2 min read

A joint report from the Association of Chartered Certified Accountants and the International Federation of Accountants found that global accounting students expect a nontraditional career as they prepare to begin their professional lives. View story →

What every candidate needs to know about the updated CPA exam

By Nina Dorata       4 min read

The revised CPA exam will reward digital mindsets, data analytics and IT confidence. View story →

Real estate accountants face pandemic challenges

By Michael Cohn       12 min read

Accounting for real estate owners has become more difficult since the pandemic broke out last year as tenants stopped paying rent, rules changed for leases, and unused office space proliferated. View story →

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Democrats reintroduce corporate tax transparency bill

By Michael Cohn       4 min read

Congressional Democrats have reintroduced legislation in the House and Senate to shed more light on the use of corporate tax havens and incentives for outsourcing jobs abroad. View story →

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Social and political factors driving company financial plans

By Michael Cohn       3 min read

Financial executives are eyeing tax changes expected in the Biden administration, demands for more environmental, social and governance reporting, and diversity efforts. View story →

In the blogs: Last-minute fun

By Jeff Stimpson       3 min read

What they think of you; mistaken death and taxes; small-biz bounce back; and other highlights from our favorite tax bloggers. View story →

Inheritance tax poised for a comeback in the post-COVID era

By William Horobin       3 min read

Any changes to inheritance tax would feed into the broader upheaval that is coming to taxation in the world’s major economies.  View story →

IRS expects to settle ‘significant number’ of green tax cases

By David Voreacos and Kaustuv Basu       2 min read

Hundreds of IRS employees are cracking down on syndicated conservation easements, with 28,000 taxpayers under examination. View story →

3 ways HNW investors can manage Biden's tax hikes

By Lynnley Browning       4 min read

Affluent clients can use wealth and retirement strategies to blunt the impact of the administration’s proposals, which include a higher capital gains rate. Read story →

AICPA asks IRS for tax relief for inventory liquidations

By Michael Cohn       3 min read

The Institute wants help for businesses facing foreign trade obstacles to maintaining inventory during the pandemic. Read story →

IRS increases HSA amounts for inflation for 2022

By Michael Cohn       2 min read

The Internal Revenue Service is adjusting the limits for health savings accounts and high deductible health plans for inflation in new guidance Monday. Read story →

The downside of auditor rotation

By Daniel Hood      

Recent research from University of Kansas business professor Amanda Winn suggests that partner rotation and PCAOB inspections may have some unintended effects.   Read story →

Marcum merges in finance outsourcing firm

By Michael Cohn       2 min read

The Top 20 Firm has added Boston-based Starter-Fluid, which offers outsourced finance, accounting and executive support services. Read story →

RESOURCES

WEB SEMINAR

Mastering lease accounting and ASC 842 implementation

Thursday, May 20, 2021 2:00 PM EDT

The ASC 842 lease accounting standard for non-public companies will be required beginning in 2022.  Learn More →

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What is the new finance technology stack for SaaS companies?

Wednesday, June 16, 2021 2:00 PM EDT

Quickly reporting on your SaaS metrics, and forecasting your cash, billings, and revenue, are the holy grail to scaling your SaaS business. But what is the right finance stack to put in to produce the data faster and more consistently? Learn More →

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How mid-sized accounting firms are scaling with technology

Tuesday, June 8, 2021 12:00 PM EDT

Learn how mid-sized accounting firms are scaling their businesses and providing higher quality tax services with technology initiatives. Panelists from EisnerAmper and Orion Innovation will share their experiences. Learn More →

SPONSOR CONTENT FROM ORION INNOVATION

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