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Report Predicts AI will Have a Transformational Impact on Professional Work by 2028

CPA Practice

Key industry findings from the report: Tax and Accounting Professionals: Freeing up time to deliver more value: Productivity is the highest priority for tax and accounting firms (59%), while internal efficiency (75%) tops the list in corporate tax and accounting departments.

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Work Is Destroying Tax and Accounting Professionals’ Mental Health Much Less Than You’d Think

Going Concern

Work will look much different in 2028 if Thomson Reuters’ predictions come to pass. More than half (about 636 people) of all respondents said work has a positive impact on their mental health, 22 percent of tax and accounting professionals surveyed said strongly positive.

Tax 94
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California Medical Worker Minimum Wage Increase Beginning June 1, 2024

LSLCPAs

For medical groups of 25 or more physicians, the increase goes to $21/hour on June 1, 2024, and to $25/hour in 2028. California Senate Bill 525 requires certain healthcare employers in California to raise essentially all staff, including clerical and support staff, to a new minimum wage starting June 1, 2024. For dialysis clinics and.

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What's new in state sales and use taxes

TaxConnex

The state extended its sales and use tax exemption for coal and aggregate exploration, mining, off-highway hauling, processing, maintenance and reclamation equipment to July 1, 2028. Sales tax is the largest source of state funding for the state budget, accounting for 59% of all tax collections. compared to the same period a year ago.

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What’s new: state sales and use taxes

TaxConnex

The exemption, covering all common forms of bullion, now runs until 2028. originally issued June 4, 2020), concluding that a company providing online account access services to credit unions was providing taxable digital automated services (DAS). Connecticut has ruled that online learning plans were not taxable digital goods.

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Forwardly Launches Instant Bill Payment Solution

CPA Practice

Forwardly, the instant payment solutions for small to medium-sized businesses and accounting firms, has launched a new advanced Bill Payments system. The new accounts payable automation will allow small businesses in the U.S. The new accounts payable automation will allow small businesses in the U.S.

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Friday Footnotes: Firms Get a Jump on Hiring; RTO Firms Outsourcing ?; BDO Settles 401(k) Suit | 12.22.23

Going Concern

Barring any huge incident like an accounting firm getting raided by the FBI on Christmas Day, there will not be any breaking news. One key reason: PwC is trying to compete for top talent amid a dwindling number of accounting majors. Tips are still welcome , nay, encouraged , and we’ll be monitoring the tipline. and Mexico.

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