Author Archives: admin

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Writing advanced Excel macros with ChatGPT-4

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For a fee, the AI tool offers more computing power to help automate repetitive tasks such as cleaning data.
Source: JOA News
Read More here – Writing advanced Excel macros with ChatGPT-4


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Study: Deterrence a major factor in bringing in more money from IRS audits

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The paper by researchers at Harvard University, the University of Sydney, and Treasury finds that an additional $1 spent on marginal audits of top earners can get a return of $12 in revenue.
Source: Tax News
Read More here – Study: Deterrence a major factor in bringing in more money from IRS audits


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Study: Deterrence a major factor in bringing in more money from IRS audits

Category:Uncategorized

The paper by researchers at Harvard University, the University of Sydney, and Treasury finds that an additional $1 spent on marginal audits of top earners can get a return of $12 in revenue.
Source: JOA News
Read More here – Study: Deterrence a major factor in bringing in more money from IRS audits


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Stock repurchase excise tax reporting and payment delayed by IRS

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The IRS says covered corporations will not have to report or pay the new 1% stock repurchase excise tax until it issues forthcoming regulations.
Source: Tax News
Read More here – Stock repurchase excise tax reporting and payment delayed by IRS


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Stock repurchase excise tax reporting and payment delayed by IRS

Category:Uncategorized

The IRS says covered corporations will not have to report or pay the new 1% stock repurchase excise tax until it issues forthcoming regulations.
Source: JOA News
Read More here – Stock repurchase excise tax reporting and payment delayed by IRS


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Research finds algorithms, unscrupulous preparers behind audit bias

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Subsequent research has replicated the racial gap in audit rates found in a study led by Stanford University and pointed to both unscrupulous tax preparers who submit EITC claims and algorithmic bias in the IRS’s audit selection process as causes.
Source: Tax News
Read More here – Research finds algorithms, unscrupulous preparers behind audit bias


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Research finds algorithms, unscrupulous preparers behind audit bias

Category:Uncategorized

Subsequent research has replicated the racial gap in audit rates found in a study led by Stanford University and pointed to both unscrupulous tax preparers who submit EITC claims and algorithmic bias in the IRS’s audit selection process as causes.
Source: JOA News
Read More here – Research finds algorithms, unscrupulous preparers behind audit bias


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Mississippi youth passes CPA Exam – at age 15

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Jimmy Chilimigras, headed to law school in August, is believed to be the youngest person to ever pass the CPA Exam.
Source: JOA News
Read More here – Mississippi youth passes CPA Exam – at age 15


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FASB proposes improvements to accounting for purchased financial assets

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FASB is seeking comments on a proposed Accounting Standards Update intended to improve accounting for purchased financial assets.
Source: JOA News
Read More here – FASB proposes improvements to accounting for purchased financial assets


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In one minute, this simple tool could save practitioners hours

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Practitioners now have at their fingertips an interactive PDF that can quickly help determine whether AR-C Section 70 of SSARS No. 21 is required to be applied when performing accounting services.
Source: JOA News
Read More here – In one minute, this simple tool could save practitioners hours