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Kentucky now taxes a range of services

TaxConnex

Businesses providing these services must charge and remit a 6% sales tax on the total sales price of the service effective last Jan. Businesses without a sales and use tax account must apply for one. Kentucky has also released a “Sales Tax Facts” sheet detailing some now-taxable services.

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How will AI affect accounting jobs?

ThomsonReuters

Jump to: How is AI affecting accounting? Is AI replacing accounting jobs? What is AI automating in accounting? Can AI do accounting? How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. hours per week. hours per week, a reduction of about 12%.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

million from Ohtani’s bank account. However, this account was later disavowed, and Ohtani’s law firm stated that he had been the victim of a “massive theft.” Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals.

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Revolutionize your talent strategy with automation

ThomsonReuters

Today’s accounting firm leaders are constantly grappling with two pivotal challenges: attracting top-tier talent and holding on to the people they have. By integrating advanced software solutions, firms can streamline their operations and send a clear message: they are prepared to evolve and adapt to the future of accounting.

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Unleash the power of tax automation

ThomsonReuters

The accounting profession is currently navigating through a transformative era. The work of accounting professionals has meaning and purpose, but we need to do a better job of articulating it. Unleashing the power of tax automation One of the most promising solutions today is the growing opportunities for tax automation.

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Are you ready? The Corporate Transparency Act becomes effective Jan 1, 2024

ThomsonReuters

The law was largely ignored by accounting professionals at first. This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. Who does the Corporate Transparency Act affect?