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Changes in 2024 CPA Exam Put Technology Front and Center

CPA Practice

There will be a new infrastructure, new discipline sections, and a greater emphasis on technology throughout. A fourth core section, Business Environment and Concepts (BEC), will be reallocated across the three remaining core sections and the three new discipline sections.

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CEOs Feel Good About the Economy and Hybrid Work Is Winning, Says KPMG in This CEO Survey

Going Concern

CEO Outlook Pulse Survey The section on Generative AI is of particular interest as it covers GenAI application, deployment, and concerns over the next 12-18 months. ” The Talent & Culture section shows that hybrid work rules the day while fully remote models are on the decline. Graphic lifted from the 2024 KPMG U.S.

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Cash flow statement: what it is and examples

Reckon

Your cash flow statement typically consists of three main sections: operating activities, investing activities, and financing activities. Operating activities This section covers cash generated from the primary operations of your business. What does a cash flow statement include?

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Understanding the Uses and Limitations of Net Operating Losses

inDinero Tax Tips

2 Section 382 Limitation The IRS (in Section 382 of the tax code) generally limits net operating loss carryforward for corporations that have ownership changes greater than 50%. This is called a Section 382 NOL limitation—or, simply, a 382 limitation. 1 Losses during tax years 2018, 2019, and 2020 can be carried back.

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AI in Accounting: A Guide Written by Artificial Intelligence

Ryan Lazanis

AI in accounting refers to the use of artificial intelligence (AI) technologies, such as machine learning algorithms and natural language processing, to automate and enhance various accounting processes. How to Get Started With Accounting Intelligence How AI Was Used to Write This Article What is AI in Accounting?

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Exploring key 2024 tax bill proposals

ThomsonReuters

Under this act, a new section would be added to the Internal Revenue Code, specifically Section 1261 , which states that gains derived from the sale, exchange, or other disposition of specified country of concern property shall be treated as ordinary income.

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3 insights for navigating Section 174 legislation

ThomsonReuters

Section 174 Capitalization of the Tax Cuts and Jobs Act (TCJA) has created confusion for many corporate tax specialists to work through in the coming months. As a reminder, Section 174 defines both indirect and direct research expenses. Pending legislation is complicating matters even further. However, passage of H.R.

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