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Exploring key 2024 tax bill proposals

ThomsonReuters

The purpose of this act is to improve the efficiency and accuracy of tax return processing by requiring certain measures related to scannable codes and optical character recognition technology. Also, the act addresses the use of optical character recognition (OCR) software. What does this mean for my firm?

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Mastering the art and science of exceptional client service

ThomsonReuters

However, the rise of AI-powered tax technology and increasing client demands have prompted accountants to move beyond compliance into value-added services that address clients’ broader financial needs year-round.

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Spotlighting Women in Advisory Practice: Answering the call to accounting with Brittany Lanphier, CPA

ThomsonReuters

Like most accounting firms, they were heavily transactions-focused with clients utilizing them mostly as bookkeepers and for doing their tax returns. Dennis Lanphier, an attorney in addition to being an accountant, can handle complex tax situations.)

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IRS Continues to Issue Guidance for Implementing Clean Energy Tax Credits

Cherry Bekaert

The tax credit provides a varying, four-tier incentive depending on the carbon intensity of the hydrogen production pathway. The Department of Energy (DOE) released a white paper describing how to assess lifecycle greenhouse gas emissions associated with the use of electricity in hydrogen production.

Tax 101
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The Technology Lab Podcast – Technology Governance – July 2023

CPA Practice

Because someone that I’ve known for quite a few years, Mark Edmondson who is the CEO in flow, produced a white paper called The audit technology ecosystem, the audit technology ecosystem. But marks white paper. There’s lots of things to think about. But they list out all the categories.

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Three ways AI can elevate your tax workflow

ThomsonReuters

This means source documents are bookmarked and organized into a standardized work paper index that follows the order of the tax return. Preparers don’t have to painstakingly assemble tax work papers thanks to automated scan-and-organize functionality. Interested in learning more about tax workflow automation?

Tax 97
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How to survive tax season

ThomsonReuters

By supporting more than just tax returns, you can build more sustainable client relationships and find deeper meaning in your work, helping you find purpose in those long hours that tax season can bring.

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