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Exploring key 2024 tax bill proposals

ThomsonReuters

Webinar How to utilize generative AI to excel your tax and accounting services Learn how GenAI can help you create new insights, solutions, and opportunities for yourself and your clients. What does this mean for my firm? Also, the act addresses the use of optical character recognition (OCR) software.

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Do You Need Help With 174?

Withum

Many companies are experiencing unfavorable cash tax payments when filing their 2022 federal income tax returns this fall, as federal law no longer allows an immediate deduction for Section 174 Research and Experimental (“R&E”) expenses incurred for taxable years beginning after 2021. appeared first on Withum.

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What’s Hot on Checkpoint for Federal & State Tax Professionals?

ThomsonReuters

Easily analyze state tax issues across multiple jurisdictions with a 7-day trial of State Charts on Checkpoint Edge ! . Who needs to know: Accounting firms and other tax professionals. Keeping track of the various state income tax approaches for forgiven student loans can be a challenge for busy tax return preparers.

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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

With the US presidential election is right around the corner, and since we’re an accounting firm that loves taxes, it’s only right that we make a post discussing President Trump’s Tax Plan vs Former Vice President Joe Biden. A fair tax system should produce similar outcomes. Child Tax Credits.