The IRS issues at least its seventh warning about the employee retention credit since October 2022.
Source: Tax News
Read More here – A pandemic-era tax break that remains rife with abuse — the ERC
The IRS issues at least its seventh warning about the employee retention credit since October 2022.
Source: JOA News
Read More here – A pandemic-era tax break that remains rife with abuse — the ERC
We put ChatGPT to the test with hypothetical tax questions. See if you think it’s ready to compete with a CPA.
Source: JOA News
Read More here – Can ChatGPT answer your clients’ questions?
Driven by ongoing concerns about inflation, finance executives in business and industry project declines in profits for the coming year, according to a new AICPA & CIMA survey.
Source: JOA News
Read More here – Pessimism, contraction plans rise for CPA decision-makers, survey shows
With a new standard for reporting on leases soon to be effective, the Accounting and Auditing Policy Committee is seeking comments on updates to its leases guidance in a 2021 technical release.
Source: JOA News
Read More here – FASAB committee proposes changes to guidance on leases
While many clients are reluctant to buy an annuity that won’t start making payments for 15 or 20 years, retirement researchers tout this as an effective strategy to prevent outliving one’s retirement savings.
Source: JOA News
Read More here – Longevity annuities: Why clients should consider them
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
Source: Tax News
Read More here – Update on states moving ahead with PTETs
States continue to move ahead with implementing new passthrough entity taxes as a workaround to the $10,000 cap on the federal deduction of state and local taxes.
Source: JOA News
Read More here – Update on states moving ahead with PTETs
At its spring meeting, the AICPA Council voiced support for the Pipeline Acceleration Plan and decided to move forward with development of a national strategy focused on boosting the accounting profession’s talent outlook.
Source: JOA News
Read More here – AICPA Council supports development of national pipeline strategy
The bill filed by Reps. Judy Chu and Mike Carey would streamline the extension-filing process for millions of Americans.
Source: Tax News
Read More here – AICPA backs bill to make it easier to file for tax extensions
