CalCPA Daily Clips
Published in

CalCPA Daily Clips

CalCPA Daily Clips

Sept. 27, 2021

BUSINESS
Are cameras really necessary for remote meetings?
Some employees feel uncomfortable being on camera for videoconferences, a feeling companies should account for when crafting policies for remote meetings. Workers might not want to be on camera for a variety of reasons but feel pressured to do so because of explicit policies or because of the perception they are less engaged when cameras are off.
CNN Business
https://www.cnn.com/2021/09/24/tech/webcams-workplace-meetings/index.html
— — -
These benefits can build an appealing work environment
This article reviews a number of benefits, including identity theft protection and student-loan repayment, and discusses some of the tax implications for employers.
Small Business Trends
https://smallbiztrends.com/2021/09/employee-benefit-offers.html
— — -
How to begin a new job when working remotely
Starting a new job while working remotely can be anxiety-inducing, so here are several tips for making a good impression. They include setting up your home office before the first day and asking for a contact who can answer small questions.
CNN
https://www.cnn.com/2021/09/24/success/first-day-new-job-remote-tips-feseries/index.html
— — -
5 operating modes every new manager should master
Transitioning from contributor to manager is difficult, so here is a five-point operating system to guide new managers through scenarios they’ll face.
SmartBrief/Leadership
https://www.smartbrief.com/original/2021/09/rethinking-new-manager-development-operating-system-support-success
— — -
Getting ready for major changes
The pandemic has been a reminder of the potential for rapid change and the need to prepare for uncertain conditions. Here is a look at how to adapt, beginning with assessing changes in your industry and in your organization.
Harvard Business Review
https://hbr.org/2021/09/a-futurists-guide-to-preparing-your-company-for-constant-change

PERSONAL FINANCE
The best and worst ways Americans have spent their stimulus money
Americans were slower to spend the third round of checks than they were the first.
USAToday
https://www.usatoday.com/story/money/personalfinance/budget-and-spending/2021/09/26/the-best-and-worst-ways-americans-have-spent-their-stimulus-money/118940682/
— — -
As Americans spend, credit card debt is ticking back up
Early in the pandemic, there were encouraging and surprising signs about the decline of credit card debt.
Reuters
https://www.reuters.com/business/finance/americans-spend-credit-card-debt-is-ticking-back-up-2021-09-27/

PROFESSION
Practitioners’ role in the continuing evolution of Circular 230
Practitioners and organizations they are involved with can participate in facilitating the ongoing applicability and effectiveness of Circular 230.
The Tax Adviser
https://www.thetaxadviser.com/issues/2021/sep/practitioners-role-circular-230.html
— — -
Accountants face challenges with ESG reporting
Financial professionals are confronting some big obstacles when it comes to environmental, social and governance reporting, according to a new survey, including competing and sometimes conflicting disclosure frameworks, reporting methodologies and stakeholder demands.
AccountingToday
https://www.accountingtoday.com/news/accountants-face-challenges-with-esg-reporting
— — -
The future of accounting: co-habitation with bots
The new breed of techno-colleague is here to stay. We can avoid them at our peril, or we can form a mutually beneficial working relationship.
Fin24
https://www.news24.com/fin24/finweek/the-future-of-accounting-co-habitation-with-bots-20210919

REGULATORY
The crypto industry could take tax fight all the way to the Supreme Court
Privacy advocates say new reporting requirements would violate Americans’ Fourth Amendment rights.
MarketWatch
https://www.marketwatch.com/story/the-crypto-industry-could-take-tax-fight-all-the-way-to-the-supreme-court-11632509009?mod=economy-politics

TAX
Key considerations for 2021 tax planning
It’s important to plan ahead for 2021 tax returns, and there are tax law changes and updates that need to be considered. Here is a look at these changes and how to maximize tax savings.
Kiplinger
https://www.kiplinger.com/taxes/tax-law/603037/tax-changes-and-key-amounts-for-the-2021-tax-year
— — -
Child tax credit money arrives, but some parents say IRS shorted them and ‘it makes no sense why’
After eight days of delay, some families said they finally began seeing money for the Sept. 15 payment of the child tax credit. But not everyone got their money, and, oddly enough, some are complaining that the IRS shorted them this time around.
USAToday
https://www.usatoday.com/story/money/personalfinance/2021/09/25/september-child-tax-credit-money-arrives/5850206001/
— — -
The Potential Tax Trap of PFIC Investments
There are many times when a passive foreign investment company (PFIC) investment is made unknowingly and the tax consequences can be adverse.
AccountingWeb
https://www.accountingweb.com/practice/clients/the-potential-tax-trap-of-pfic-investments

TECH
Preparing for the ‘golden age’ of artificial intelligence and machine learning
The latest ZDNet survey on AI actionability and accountability finds that IT teams are taking a direct lead, with most companies building in-house systems. However, oversight of AI-generated decisions is lagging.
ZDNet
https://www.zdnet.com/article/preparing-for-the-golden-age-of-artificial-intelligence-and-machine-learning/

--

--

--

Each weekday morning, CalCPA reviews major media sources for top headlines and links to news and information vital to CPAs and the businesses and clients they serve.

Recommended from Medium

How Meta’s Mismanagement Led to Its Market Downside-And How You Can Avoid That with Your Portfolio

How to evaluate an early-stage invention

CalCPA Daily Clips

How NASCAR Is Able To Provide Top Brands With A Platform To Promote Their Products

Native’s tactics: what the DTC cosmetics brand did to succeed

Your Next Bank Could Be a Big Tech Company

The four building blocks of Agile manufacturing

Online Shopping Before the World Wide Web

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
CalCPA

CalCPA

CalCPA is the largest state accounting society in the U.S. We are a community of CPAs leading, connecting and empowering the profession for success in CA.

More from Medium

Should you sell your digital soul?

How to Build Agility and Resilience Amid the Pandemic

Not sure about which tools can benefit you while working from home? Read this blo