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The Technology Lab Podcast – Quantum Tech in Accounting – Oct. 2023

CPA Practice

Technologists Randy Johnston and Brian Tankersley, CPA, discuss how a new generation of computing will impact accounting firms. But I’m gonna get him convinced and you convinced why quantum computing and accounting is such a big deal. I hope you’re still listening, because I want to talk now about the way it works in accounting.

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Treasury: IRS Could Collect $561 Billion in Revenue Thanks to Inflation Reduction Act

CPA Practice

Treasury continued, “To account for the potential revenue impact of the full array of investments contemplated in the IRA SOP, we need to look at the effects on revenue collection in a more comprehensive way. It also ignored the deterrence effect of compliance activities on taxpayers’ behavior.”

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More Rich Americans Will Soon Be Hit With an IRS Audit, Werfel Pledges

CPA Practice

We are overhauling compliance efforts to advance our commitment to fair, equitable, and effective tax administration and hold ourselves accountable to taxpayers we serve,” he says in the strategic operating plan update. “We Our findings supported the conclusion that Black taxpayers are audited at higher rates than other taxpayers.” “We

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Senate Passes Inflation Reduction Act

Withum

The limitation would apply to tax years beginning before January 1, 2029. For more information on this topic, please contact a member of Withum’s Assurance and Accounting Services team. There is a provision that extends for two years the section 461(l) loss limitation rules that apply to noncorporate taxpayers. Contact Us.

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How the CPA, CMA and EA Credentials Have Become Global Designations

CPA Practice

In the last few years there has been a shortage of critical skills with regards to the accounting profession and especially in the output of North American and European professionals with CPA, EA and CMA qualifications. This accounting qualification shortage has put a squeeze on firm owners who require individuals with these designations.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

billion by 2029, at a CAGR of 10.9%. This is why we’re seeing intake solution providers adding accounts payable automation to their offering. Accounts payable and procurement. But Airbase’s platform takes the impact of intake one step further by adding it to our sophisticated accounts payable functionality.

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IRS Announces Annual PCOR Fee Adjustment

ThomsonReuters

However, legislation enacted at the end of 2019 reinstated the PCOR provision, continuing the fee requirements through plan years ending before October 1, 2029 (see our Checkpoint article ). The post IRS Announces Annual PCOR Fee Adjustment appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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