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On the move: New board members at Grant Thornton

Grant Thornton elects new members of its partnership board; Virginia names its Women to Watch; a large number of firms get named to AM Best’s list of the top audit and actuarial firms in the insurance space; Armanino’s new Accelerated Path to Partner program; and other firm and personnel news

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IRS starts sending out advance CTC, EIP letters

The Internal Revenue Service announced Wednesday that it will start sending out information letters to recipients of the advance Child Tax Credit and of the third round of Economic Impact Payments that were made in January. Taxpayers will be required to reconcile any advanced CTC received and the payments with

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3 tips for more powerful firm marketing

The best marketing strategies start with human behavior. After all, if you don’t understand your potential clients, no amount of content creation, ad spend or social media engagement will lead to growth. To really connect with people, you need to understand what they want and what drives them to respond

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Tax planning is worth 5 times tax prep

Fees for tax planning and advisory services average as much as five times those for tax preparation, according to a recent survey of practitioners. The study from Intuit Accountants, Tax Planning and Advisory Insights Survey, found that the average annual fee for tax planning and advisory services was $2,351, versus

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Fighting climate change through taxes

Like what you see? Make sure you’re getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

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Survey opens for 2022 Top 100 Firms and Regional Leaders

Accounting Today is in the midst of compiling its annual lists of the Top 100 Firms and Regional Leaders, and we’re looking for more top-notch accounting firms to include. The two prestigious lists rank the top firms by revenue — both nationwide and in specific regions of the country —

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International Sustainability Standards Board appoints chair

Emmanuel Faber was appointed chair of the International Sustainability Standards Board by the IFRS Foundation, effective Jan. 1, 2022. His appointment follows the announcement made at the 2021 United Nations Climate Change Conference (COP26) in November of the creation of the ISSB as a consolidation of the Climate Disclosure Standards

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Biden admits Build Back Better likely to be put off to 2022

President Joe Biden acknowledged that his $2 trillion economic proposal likely would not clear Congress this year, meaning that 2021 ends without a major accomplishment on social and climate policy. The president, in a statement released Thursday evening, expressed confidence that the measure would eventually pass and urged patience as

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Biden agenda risks delay into 2022

Senate Democrats are preparing for the possibility that passage of President Joe Biden’s roughly $2 trillion economic agenda will get delayed until the new year, as negotiations falter between the White House and West Virginia Senator Joe Manchin, according to people familiar with the negotiations. Manchin has repeatedly raised concerns

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Treasury plans first analysis of tax benefits by race

The U.S. Treasury is launching an effort to examine the distribution of federal benefits and taxation by race, starting with a look at the pandemic relief payments that were due to most American households. Deputy Treasury Secretary Wally Adeyemo, along with Lily Batchelder, the Treasury’s assistant secretary for tax policy,

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