News

The majority of Americans are excited about the role Gen AI can play in their everyday lives, but a global survey finds that the majority of executives aren’t thrilled with their companies’ level of commitment to the rapidly growing technology.

Divorced clients may be unable to address big-picture priorities, such as saving for retirement or paying down debt. The key is navigating the emotional side of starting anew financially.

Asking for assistance can be a struggle for people who worry about causing inconvenience. Several experiments of common interactions showed that people underestimate the willingness of others to provide help.

Because most individual tax provisions of the law known as the Tax Cuts and Jobs Act were temporary, now is a good time for taxpayers to incorporate into their tax planning strategies those provisions' scheduled sunset at the end of 2025.

The Department of Revenue (DOR) needs the help of tax professionals to stop fraudulent refunds from being issued. The sooner DOR can learn about a data security breach, the better we are able to protect both your client and state resources.

In this Q&A, a profession leader working on solutions to strengthen the accounting talent pool explains why she’s passionate about the pipeline and the importance of working together.

This week we look at: Talks continue on proposed tax bill; IRS provides guidance on Pension-Linked Emergency Savings Account anti-abuse provisions; Relief granted for filing information found in Part IV of Form 8308 for 2023 returns; IRS updates Notice describing how to obtain certain exemptions from the required electronic filing of certain entity information and tax returns

The state that imposes the most on residents has an individual income tax burden of 4.72%.

More than one-third of month-end closing tasks were completed after 7 p.m., according to a software company’s review of its users’ habits.

From estate, gift and trust work to Social Security maximization and charitable planning, there are a host of offerings firms can work on once the tax return is finished.

The Internal Revenue Service is cautioning tax pros about an uptick it's already starting to see this year.

Practitioners should address tax provision changes and practice management issues. This annual article offers updates and reminders for being ready and responsive to clients’ questions.

This week we look at: New work in progress to try and obtain a bipartisan tax bill; IRS gives car dealers a brief extension to file time-of-sale reports; IRS reverses direction on treatment of impact of adding a tax reimbursement clause to an IDGT; Taxpayer can rely upon date IRS places in Notice of Deficiency as the last day to file a Tax Court petition

CPA financial planners can play key roles in helping clients decide where to live during their retirement years.

Changes are coming from the Oregon Board of Accountancy – and they should help CPA Candidates, Licensees, and Firms.

Questioning whether you need to adopt artificial intelligence (AI) in your tax practice today is like an accountant 20 years ago deciding whether to use tax preparation software or continue to prepare paper tax returns. Thus, putting AI tools into practice should be something that practitioners embrace.

We've asked a lot of humans what they think of AI. What do the AIs say?

This week we look at FinCEN's release of the BOI E-Filing site on January 1, 2024.

What’s the outlook for finance and accounting hiring in the new year, and what role could the rapid rise of generative AI play? A placement expert explores those topics in this podcast episode with transcript.

Often enough, creating capacity isn't about hiring people.