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Technology: Spring Budget 2024 Predictions & Wishlist

Menzies

Menzies LLP - A leading chartered accountancy firm. Tax rates With income tax thresholds still frozen there have been rumours of a 2% cut to the income tax rate, however the Chancellor has downplayed these rumours so we are not expecting to see any dramatic changes to income tax this time around.

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Understanding the corporate tax outsourcing opportunity: What firms need to know

ThomsonReuters

Companies are facing an ever-increasing burden of corporate tax compliance and the pace of complexities shows no sign of slowing. Helping companies ensure compliance by outsourcing for business processes represents a growth opportunity for today’s tax and accounting firms. . “ percent from 2022 to 2030.

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Ethical Concerns in Using Tax Planning Software

CTP

A recent report by Acumen Research found that accounting professionals spent $1.5 And according to the same research firm, the use of AI in the accounting and tax industry will likely grow more than 50 percent by the year 2030. billion on such programs in 2021 alone [1]. It is reasonable as defined by the IRS.