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

CPA Practice

Bridging the talent gap in tax: Professionals predict new career paths will become available (66%), including increases in roles that do not require traditional tax qualifications (68%), over the next five years. In tax, more enrolled agent (EA) professionals may be able to do personal tax returns.

Legal 98
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IRS and Treasury Finalize E-Filing Rules for Businesses

CPA Practice

The final regulations impact filers of: Partnership returns; Corporate income tax returns; Unrelated business income tax returns; Withholding tax returns; Certain information returns; Registration statements; Disclosure statements; Notifications; Actuarial reports; and Certain excise tax returns.

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Tax Savings Programs for Massachusetts Life Sciences Companies

Withum

Companies that apply and are accepted into this program can benefit from various tax benefits, such as: Life Sciences Investment Tax Credit (pursuant to M.G.L 63, §30(17)) Designation as R&D Company for Sales Tax Purposes (pursuant to M.G.L. 63, §42B) Sales Tax Exemption for Certain Property (pursuant to M.G.L.

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Nurturing Biotech Companies in New York

Shay CPA

Businesses participating in START-UP NY can enjoy several tax credits, including the Business Tax-Free NY Area Elimination Credit, which eliminates franchise tax and personal income tax calculated by the business when filing its tax return.

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How Startups Can Benefit from Missouri’s New R&D Tax Credit

Anders CPA

The Missouri research and development (R&D) tax credit was reinstated as of January 1, 2023, clearing the way for more tax savings for businesses that engage in qualified research. Startups, particularly those engaged in R&D activity that qualify, should be aware of this change before they file their 2023 income tax returns.

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Let’s End Tax Break Giveaways for the Fat Cats of Pro Sports

CPA Practice

The AMT is mostly collected from just a handful of one percenters who already enjoy a lot of tax preferences: Only one-sixth of that cohort now pay the minimum federal rate of 26 or 28 percent on the AMT bond interest, as required when their total taxable income exceeds certain IRS limits.

Sports 98