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Legal Expert Recommends Regular Audit of AI Tools Used for Employment

CPA Practice

This article first appeared on the Thomson Reuters blog. used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). Recently, Checkpoint Payroll Update spoke with John L.

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Legal Expert: Employers Should Conduct Regular Auditing of A.I. Tools Used for Employment Practices

ThomsonReuters

used in the hiring process under Title VII of the Civil Rights Act of 1964 (see Payroll Guide ¶20,450 ). According to the EEOC, employers are using automated systems (including those with A.I.) The guidance includes a list of questions and answers designed to help employers avoid potential discrimination issues when utilizing A.I.

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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits. What IRS tax forms do S corps file? Shareholders (including the S corp owner) report income distributions and business losses via Schedule E of Form 1040.

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PPP Forgiveness Application: 2021 Updates and FAQ

LyfeAccounting

Now, what has changed? However, the latest bill does away with this provision, and PPP forgiveness is no longer impacted by having received an EIDL grant. What You Need For Your PPP Forgiveness Application. And you can choose which period to use and match it up with your payroll which is called the alternative covered period.

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Accounting advisory: What you need to know

ThomsonReuters

But what does accounting advisory mean and how can your firm take advantage of this unique opportunity to showcase your knowledge and build deeper relationships with your clients? Let’s take a look at the basics. What is accounting advisory? Sometimes, the best business insights come directly from those you serve.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Setting up your business as a C corporation (C corp) has many benefits, including greater ownership flexibility and more growth potential than an S corporation (S corp) or a Limited Liability Company (LLC). But what does that mean for your taxes? What is “double taxation”? Corporation Income Tax Return.

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Last Week in Payroll: The List and Legality of Employee Vaccination Requirements

ThomsonReuters

Anyone who does not attest to being fully vaccinated will be required to wear a mask on the job no matter their geographic location, physically distance from all other employees and visitors, comply with a weekly or twice-weekly screening testing requirement, and be subject to restrictions on official travel. Georgia (Atlanta). .

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