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Deloitte announced today that Anna Taylor — former tax and economic policy principal advisor to Senate Majority Leader Chuck Schumer (D-N.Y.) — has joined Deloitte’s Washington National Tax practice as the deputy managing principal of the Tax Policy Group. The median annual salary for CPAs was $77,250 in May 2021.
Crypto mining operations—the process of creating new digital coins—have unique tax issues because the rules aren’t clear if miners are taxed as cryptocurrency investors or business owners. There’s different tax implications depending on the answer to that,” Ms. Connolly said. And that’s just the beginning.
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According to the American Institute of CPAs, the demand for financial planning services is at an all-time high. Bureau of Labor Statistics predicts that the need for financial advisors will grow 15% between now and 2031. Clients will see that your expertise extends far beyond tax preparation. In fact, the U.S.
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“I think that’s where I’m more worried about it,” James Creech, a senior manager with Baker Tilly’s tax advocacy and controversy team, began. ” However, there is some uneasiness about the use of AI in IRS audits by not realizing the full picture of a tax return. Will practitioner guidance change?
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