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This Accounting Job Will Become Scarcer in the Next Five Years, WEF Predicts

CPA Practice

One of the most interesting parts of the report looks at the jobs market outlook for the next five years (2023-2027). During that time, 69 million jobs are expected to be created—but 89 million jobs are expected to be lost. That’s a net loss of 14 million jobs, or 2% of the ones available today.

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What's new in May for state sales and use taxes

TaxConnex

Alabama has enacted that some agriculture products are exempt from sales and use tax if these sales are made by the producer, immediate family or an employee. 1 until September 2027. Examples cited in the legislation include whole cuts of meat, bound cut flowers, jams, jellies or boiled or roasted peanuts.

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5G and AI to spark ‘a five-year technological revolution’

Accounting Insight

As 5G and AI solutions mature up to 2027, they will have an increasing impact on businesses, economies and the environment, part two of the How Sustainable is the Technology Sector? Industry, manufacturing and agriculture and the service sector will all see major positive impacts. report states.

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Last Week in Payroll: Localization of Work

ThomsonReuters

The H-2B temporary non-agricultural worker program is designed to serve U.S. workers to perform non-agricultural work of a temporary nature. This credit is in effect for tax years 2022 through 2027. businesses unable to find a sufficient number of qualified U.S. Congress sets the annual H-2B visa limit at 66,000.

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2022 Year-End Tax Planning Checklist

Withum

Specifically targeted industries, such as technology, manufacturing, agriculture, or film. In 2023 bonus depreciation will decrease to 80% and continue to decrease 20% in each of the following years until bonus depreciation is no longer allowed in the 2027 taxable year. Innovative businesses. Job creation. Capital investments.