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   NEWS: ACCOUNTING TODAY
Accounting Today
Nov 25, 2020

TurboTax maker Intuit wins U.S. antitrust nod for Credit Karma
Intuit Inc., the software company behind TurboTax, won U.S. antitrust approval for its $7.1 billion takeover of personal finance website Credit Karma Inc.

Accounting Today
Nov 25, 2020

The next stimulus should aim for a broad-based, inclusive recovery
Economic experts believe the current surge is not enough to stop continued losses incurred by various segments of economy.

Accounting Today
Nov 25, 2020

Scaling New Heights heads to Texas for 2021
The mammoth accounting technology conference will be held in Fort Worth on June 20-23.

Accounting Today
Nov 25, 2020

People & firms on the move: RubinBrown adds tax partner
Thomson Reuters announces Synergy conference award winners; CohnReznick publishes Opportunity Zone guide; and more CPA news.

Accounting Today
Nov 25, 2020

Pathways to Growth: Expanding in the time of COVID
Firms need to adapt their business development efforts to the reality of the pandemic.

Accounting Today
Nov 25, 2020

IIRC and SASB plan merger for next year
The International Integrated Reporting Council and the Sustainability Accounting Standards Board said Wednesday they intend to merge into a single organization to be called the Value Reporting Foundation by the middle of 2021.

Accounting Today
Nov 25, 2020

Mnuchin plans to put $455B beyond Yellen's easy reach
The Treasury secretary will put the unspent CARES Act funding into an account that his presumed successor will soon need authorization from Congress to use.

Accounting Today
Nov 25, 2020

Case studies: CAS in 2020
Three firms share their experiences offering client accounting services.

Accounting Today
Nov 24, 2020

In the blogs: Blunt truths
Changes for the year; partnerships' reporting; building your brand; and other highlights from our favorite tax bloggers.

Accounting Today
Nov 24, 2020

IRS issues final regs on 1031 exchanges
The rules address the definition of real property, and how to handle personal property included in an exchange.

Accounting Today
Nov 24, 2020

A year-end like no other
With the many issues presented by 2020, it's a great time for a deeper conversation with clients.

Accounting Today
Nov 24, 2020

Accountants in an age of permanent uncertainty
The future will look more like life during the pandemic than life before the pandemic.

Accounting Today
Nov 24, 2020

Financial execs report renewed confidence in Q3
A recent survey by FEI and Deloitte tracked an increase in members' outlook on the national economy, along with prioritization of talent retention, digital transformation.

Accounting Today
Nov 24, 2020

A more mobile workforce generates tax policy issues
The pandemic has forced states to consider where to tax work, but the rules remain tangled.

Accounting Today
Nov 24, 2020

SEC pressures China companies' listings, warning of accounting risks
New staff guidance says their disclosures may be incomplete or misleading.

Accounting Today
Nov 24, 2020

Grant Thornton, Marcum tie for new Q3 audit clients
EY, Deloitte, Cohen & Co. and BF Borgers made good showings in a slow period.

Accounting Today
Nov 24, 2020

Remote possibilities: Tax pros look to a distanced future
Practitioners share their plans and thoughts on how COVID-19 is changing client interactions.

Accounting Today
Nov 23, 2020

Data science to help IRS procurement processes
The service has launched a partnership to improve by understanding itself better.

Accounting Today
Nov 23, 2020

Biden plans to nominate Janet Yellen for Treasury
The former Fed chair would be the first woman to head the Treasury, bringing a seasoned central banker to the nation's top economic policy job as the coronavirus pandemic threatens another U.S. downturn.

Accounting Today
Nov 23, 2020

AICPA prods Congress to allow PPP expense deductibility
The American Institute of CPAs is asking CPAs to contact their representatives in Congress and push them to back legislation allowing businesses who receive Paycheck Protection Program loans to be able to deduct their business expenses, even if their PPP loans are forgiven.

Accounting Today
Nov 23, 2020

Inclusion matters
The stakes are high, and we will need equal shares of courage, candor and compassion to create truly inclusive organizations.

Accounting Today
Nov 23, 2020

PwC chair calling for start to Biden transition as COVID-19 fears grow
Concerns are increasing among over the growing spread of COVID-19 and the preparedness of the incoming administration to deal with vaccine distribution and other critical issues.

Accounting Today
Nov 23, 2020

PwC chair calls for start to Biden transition as COVID-19 fears grow
Concerns are increasing among over the growing spread of COVID-19 and the preparedness of the incoming administration to deal with vaccine distribution and other critical issues.

Accounting Today
Nov 23, 2020

Red Wing Software releases upgrade to CenterPoint
Version 15.16 supports the new Form 1099-NEC, charts and graphs can be added to the dashboard, and files attached to invoices and sales orders can be included when emailed.

Accounting Today
Nov 23, 2020

Art of Accounting: My seventh anniversary
Writing a weekly column forces me to always be looking for ideas and has made me much more observant of what goes on in the public accounting profession as a whole and also within firms of all sizes.

Accounting Today
Nov 23, 2020

Firms giving back: RSM US donates $4M via Birdies Fore Love
Eide Bailly announces the recipients of its 2020 Resourcefullness Awards, Grant Thornton announces its next Purple Paladin honoree, and SD Mayer & Associates provides meals to the Bay Area.

Accounting Today
Nov 23, 2020

France finance chief presses Biden team on digital taxes
France is hoping for a quick end to the simmering transatlantic trade battle over its tax on technology giants such as Facebook Inc. as soon as President-elect Joe Biden takes office.

Accounting Today
Nov 23, 2020

France to press Biden team on digital taxes
France is hoping for a quick end to the simmering transatlantic trade battle over its tax on technology giants such as Facebook Inc. as soon as President-elect Joe Biden takes office.

Accounting Today
Nov 23, 2020

More Trump records sought in New York asset-valuation probe
New York authorities investigating whether President Donald Trump's company inflated the value of its assets for loans and tax breaks are seeking more records of the company's communication with an engineer who helped appraise its property.

Accounting Today
Nov 23, 2020

Access Denied: Representation
The hurdles faced by Black professionals who break into the financial services belie the notion that their small numbers at the industry's top ranks are a pipeline problem.

Accounting Today
Nov 20, 2020

AICPA disagrees with IRS commissioner Rettig on penalty relief
The American Institute of CPAs is firing back after a congressional hearing, asking for penalty relief for taxpayers dealing with the pandemic.

Accounting Today
Nov 20, 2020

Global tax avoidance costs countries $427B each year: Report
Taxpayers around the world lose at least $427 billion each year to individual tax evasion and multinational corporate profit-shifting, which undercuts public funding for a COVID-19 response, according to a new report.

Accounting Today
Nov 20, 2020

ACCA chooses new president
The Association of Chartered Certified Accountants has named Mark Millar, the former head of a hospice in the United Kingdom, as its new president.

Accounting Today
Nov 20, 2020

Inadequate IRS funding is a threat: IRSAC
In its annual report, the advisory council offered recommendations on 26 issues.

Accounting Today
Nov 20, 2020

As an accountant, would you rather be a dentist or a surgeon?
Do you want to be a high-volume practice that does lots of repetitive work (like a dentist)? Or do you want to be a low-volume practice that solves complex cases and problems (like a surgeon)?

Accounting Today
Nov 20, 2020

Dentist or surgeon — which would you rather be?
Do you want to be a high-volume practice that does lots of repetitive work (like a dentist)? Or, do you want to be a low-volume practice that solves complex cases and problems (like a surgeon)?

Accounting Today
Nov 20, 2020

People & firms on the move: KSCPA names officers, Women to Watch
RSM donates $4 million through Birdies Fore Love campaign; Jackson Thornton elects CEO, principals; and more CPA news.

Accounting Today
Nov 20, 2020

Visual reporting: Presentations your clients won't forget
Have you ever brought what you felt was an incredible presentation to your client, only to be met with glassy eyes and half-hearted nods?

Accounting Today
Nov 20, 2020

Visual reporting: The secret to creating presentations your clients won't forget
Have you ever brought what you felt was an incredible presentation to your client, only to be met with glassy eyes and half-hearted nods?

Accounting Today
Nov 20, 2020

Wirecard ex-CEO Braun leaves lawmakers hanging in hearing
Wirecard AG's former chief executive officer appeared in public for the first time since his July detention in connection with the collapse of the electronic payment company, but lawmakers hoping for insights from the disgraced manager were left disappointed.

Accounting Today
Nov 20, 2020

Congress blasts IRS for limits on forgiven PPP loan tax breaks
The top Republican and Democrat on the Senate Finance Committee said the Treasury Department "missed the mark" in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

Accounting Today
Nov 19, 2020

Tax Fraud Blotter: Fast, fuel, FEMA and fraud
Drug money; Phoenix descending; stepping down; and other highlights of recent tax cases.

Accounting Today
Nov 19, 2020

IRS makes final push before stimulus payment deadline
The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.

Accounting Today
Nov 19, 2020

Intuit introduces HubSpot for QuickBooks
The offering brings CRM directly into the QuickBooks Online environment.

Accounting Today
Nov 19, 2020

SEC relaxes MD&A disclosure requirements
The Securities and Exchange Commission voted to amend the disclosure requirements in the Management's Discussion and Analysis portion of financial reports.

Accounting Today
Nov 19, 2020

PCAOB aligns auditor independence rules with SEC
PCAOB aligns auditor independence rules with SEC

Accounting Today
Nov 19, 2020

M&A roundup: Baker Tilly, ABIP and Benning expand
Baker Tilly is acquiring Brown Adams Agbayani; ABIP CPAs & Advisors is combining with Parr & Associates; and Benning Group is merging in Boeke & Associates.

Accounting Today
Nov 19, 2020

Taxaroo adds Spanish workflows, referral program to software
The referral program is particularly timely in the age of COVID, as digitally enabled sales interactions have become twice as important as prior to the pandemic, according to a McKinsey report.

Accounting Today
Nov 19, 2020

4 tips for organizations looking to build on their culture of inclusion
Creating the depth of an inclusive culture that demonstrates and activates a diverse workplace is an intentional effort at PwC.

Accounting Today
Nov 19, 2020

IRS clarifies deductibility of PPP loan expenses, as AICPA criticizes forgiveness questionnaire
The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn't been forgiven by the end of the year.

Accounting Today
Nov 19, 2020

IRS plans a 50% ramp-up in small-biz audits next year
The enforcement push comes after years of persistently low examination rates.

Accounting Today
Nov 18, 2020

Coronavirus delays IRS reorganization
The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service.

Accounting Today
Nov 18, 2020

Businesses reassess leases and accounting amid coronavirus
Nearly one-third of companies are reducing their overall real estate footprint as a result of the COVID-19 pandemic, with 31 percent of companies renegotiating leases for more favorable terms, according to a new report.

Accounting Today
Nov 18, 2020

Craziest work-from-home expenses of 2020
Craziest work-from-home expenses of 2020

Accounting Today
Nov 18, 2020

The craziest work-from-home expenses of 2020
Craziest work-from-home expenses of 2020

Accounting Today
Nov 18, 2020

News media provides important oversight of Big Four firms, says study
The national news media can function as a kind of oversight body for Big Four audit firms, according to a new academic study.

Accounting Today
Nov 18, 2020

News media provides important oversight of Big Four, study says
The press helps keep firms honest, according to a new academic paper.

Accounting Today
Nov 18, 2020

K2 recognizes AccountantsWorld, Zoho and others in annual quality awards
AccountantsWorld came away with top honors, winning the 2020 Prime Award. Also notable is Zoho's win for its relatively young CPA program.

Accounting Today
Nov 18, 2020

PwC acquires EagleDream Technologies
PricewaterhouseCoopers' U.S. firm has agreed to acquire the assets of EagleDream Technologies, a digital transformation company based in Fairport, New York, and a member of the Amazon Web Services Partner Network.

Accounting Today
Nov 18, 2020

Get ready for the next merger wave in accounting
Between the pandemic, aging CPA firm owners and staffing tensions, many in the accounting profession anticipate a huge uptick in firm mergers and acquisitions over the next 24 months.

Accounting Today
Nov 18, 2020

$7.2M in SBA coronavirus aid went to family's fake farms
The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

Accounting Today
Nov 18, 2020

Billionaire Chris Rokos sues two firms for $72M over tax advice
Billionaire Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

Accounting Today
Nov 18, 2020

Billionaire sues Deloitte and law firm for $72M over tax advice
Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

Accounting Today
Nov 18, 2020

Bill.com intros product for HNW clients
The company's offering is aimed at wealth management and accounting firms supporting high-net-worth clients.

Accounting Today
Nov 17, 2020

SEC plan could delist Chinese companies over auditing rules
At issue is China's refusal to let inspectors from the PCAOB review audits of some Chinese businesses.

Accounting Today
Nov 17, 2020

GASB proposes new implementation guidance on leases and more
The exposure draft covers leases, fiduciary activities and other topics.

Accounting Today
Nov 17, 2020

A focus on advisory services gave firms a leg up during pandemic
Accountants and tax pros have been crucial to helping small businesses get through COVID-19 so far, said Thomson Reuters' Charlotte Rushton.

Accounting Today
Nov 17, 2020

States want sales taxes in real time
A Massachusetts plan would make remittances automatic and immediate.

Accounting Today
Nov 17, 2020

More audits of the rich's tax returns could yield trillions
But the IRS would need more resources, writes Natasha Sarin, an assistant professor of law at UPenn.

Accounting Today
Nov 17, 2020

In the blogs: Future shocks
Biden and Trump tariffs; e-commerce and the holiday season; afterlife; and other highlights from our favorite tax bloggers.

Accounting Today
Nov 17, 2020

FAF names two board members to FASB
The foundation also appointed five new trustees.

Accounting Today
Nov 17, 2020

Will tax audits, enforcement increase to make up for pandemic shortfalls?
Practitioners share their expectations around the potential for more action from tax authorities.

Accounting Today
Nov 17, 2020

IRS to resume house visits to suspected tax cheats
The service is working to identify 9 million individuals who haven't filed a return.

Accounting Today
Nov 17, 2020

Sales Tax Institute names 2020 Sales Tax Nerd
The award recognizes a tax professional who is passionate about the field.

Accounting Today
Nov 16, 2020

Clairmont Paciello acquires Dreslin
Two Pennsylvania firms are combining forces.

Accounting Today
Nov 16, 2020

Why cybersecurity should mean everything to every tax pro
Be aware of cybersecurity best practices, both in internal operations and interactions with other companies.

Accounting Today
Nov 16, 2020

Why cybersecurity should mean everything to every tax pros
Be aware of cybersecurity best practices, both in internal operations and interactions with other companies.

Accounting Today
Nov 16, 2020

IMA releases guidance on revenue management and profitability analytics amid coronavirus
The Institute of Management Accountants has released a pair of reports on revenue management and profitability analytics as companies increasingly rely on their CFOs and accounting departments to help them survive beyond the coronavirus pandemic.

Accounting Today
Nov 16, 2020

IMA releases guidance on revenue mgmt., profitability analytics
The institute released the pair of reports as companies increasingly rely on their CFOs and accounting departments to help them survive beyond the coronavirus pandemic.

Accounting Today
Nov 16, 2020

Tax planning for the end of a tumultuous year
As the end of 2020 approaches, Grant Thornton's Dustin Stamper and Renato Zanichelli discuss tax tactics and strategies for a complicated year.

Accounting Today
Nov 16, 2020

IRS investigating fewer tax preparers
The Internal Revenue Service's Criminal Investigation unit has been initiating fewer investigations of abusive tax return preparers this past year, while also recommending fewer prosecutions, and seeing fewer indictments and prison sentences this year.

Accounting Today
Nov 16, 2020

AICPA names 2020 'Most Powerful Women in Accounting'
Twenty-five female accounting leaders were recognized during the AICPA's Women's Global Leadership Summit, held virtually this year.

Accounting Today
Nov 16, 2020

Art of Accounting: Writing better
Accountants are not known as writers; however, most of what we do is written.

Accounting Today
Nov 16, 2020

Ted on Tech: The holiday gift guide for the longest year
Whether gifting for yourself, your colleagues or your clients, this holiday gift guide will keep the techie's stocking happy.

Accounting Today
Nov 16, 2020

SEC's Clayton plans to step down as chairman at year's end
Jay Clayton, who has led the U.S. Securities and Exchange Commission for most of President Donald Trump's term in office, said in a statement Monday that he will step down at the end of the year.

Accounting Today
Nov 16, 2020

Biden's team sees promise in a tax break championed by Trump
President Donald Trump spent months on the campaign trail taking credit for "opportunity zones," a policy meant to encourage investment in distressed communities across the U.S. Joe Biden's team sees potential in the idea, too.

Accounting Today
Nov 13, 2020

New GASB leases standard could be as difficult to implement as FASB's
The Governmental Accounting Standards Board is giving state and local governments extra time to implement its new leases standard because of the coronavirus pandemic, and they will need it.

Accounting Today
Nov 13, 2020

IRS plans to mask info on business tax transcripts
The Internal Revenue Service intends to start "masking" sensitive information to safeguard taxpayers against the threat of identity theft.

Accounting Today
Nov 13, 2020

IRS plans to mask info on business tax transcripts to guard against ID theft
The Internal Revenue Service said Friday it intends to start "masking" sensitive information on business tax transcripts, beginning Dec. 13, to safeguard taxpayers against the threat of identity theft.

Accounting Today
Nov 13, 2020

Niche marketing: Gain a competitive edge by going narrow
These unconventional times call for concentrating on one or two areas of specialization, and exploiting those to the max.

Accounting Today
Nov 13, 2020

Niche marketing: How to gain a competitive edge by narrowing your firm's focus
These most unconventional times call for concentrating on one or two areas of specialization within the accounting field and exploiting those to the max.

Accounting Today
Nov 13, 2020

People & firms on the move: KPMG names chief diversity & inclusion officer
Bober Markey Fedorovich adopts new governance structure; Citrin Cooperman promotes 16; and more CPA news.

Accounting Today
Nov 13, 2020

Tech news: TaxCycle integrates with Sage Accounting for Canada market, and more
BlueMail offers email-messaging hybrid app, and Tenenz debuts a free tax highlights video that firms can customize and use for lead generation.

Accounting Today
Nov 13, 2020

Net at Work acquires Sage partners Planet Earth Projects and Sysera
The company is also promoting its erpCommerce product for Sage X3, which is designed to enable companies to launch a fully transactional and fully Sage ERP integrated website.

Accounting Today
Nov 13, 2020

Net at Work acquires two Sage partners
The company is also promoting its erpCommerce product for Sage X3, which is designed to enable companies to launch a fully transactional and fully Sage ERP integrated website.

Accounting Today
Nov 12, 2020

PCAOB guides audit committees on estimates, specialists
A new resource aims to help educate them on new requirements in those two areas.

Accounting Today
Nov 12, 2020

California rejects changing tax-cap law
Voters turned down Proposition 15, which would have changed how property taxes are assessed.

Accounting Today
Nov 12, 2020

Trump CFO's family tax records reviewed by New York authorities
The investigation is looking into tax-free perks and benefits the chief financial officer of the Trump Organization may have received.

Accounting Today
Nov 12, 2020

RMD tables updated to reflect longer lives
The Treasury's new rules will generally let retirees hold onto more of their savings for longer.

Accounting Today
Nov 12, 2020

5 steps toward defining your employment brand
This can drive potential team members to your brand or, if you're not careful, drive them away.

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