Accounting July 24, 2023
Watchdog Agency Wants More Regulations on Use of AI in Lending
The CFPB has already taken steps to stamp out abuses. The agency last month proposed a rule for home appraisals computed by algorithms.
Payroll July 24, 2023
74 Percent of Americans Have Financial Regrets: Most Commonly Is Not Saving Enough for Retirement
Overall, just 20% of U.S. adults say they do not have any financial regrets, while 6% say they don’t know what their biggest financial regret is.
Accounting July 24, 2023
AICPA Introduces Strategy Planning Toolkit for Accounting Firms
Developed by the AICPA's Private Companies Practice Section (PCPS), this comprehensive toolkit empowers firms of all sizes to create a shared vision for the future of their organizations.
Accounting July 24, 2023
Federal Reserve Launches New Money Transfer System for Banks
The new system, called FedNow, will allow eligible banks with accounts at the Federal Reserve to send money instantly.
Taxes July 20, 2023
SALT Shakes Up House Republican Tax Package Discussions
House Republicans pushing to force relief from the $10,000 state and local tax cap could be a major challenge to GOP leadership.
Taxes July 19, 2023
Bipartisan House Efforts on Child Tax Credit Start to Take Shape
The Problem Solvers Caucus, a group of GOP and Democratic lawmakers, plans to work on issues associated with the credit.
Payroll July 17, 2023
Intuit Launches App for Tracking Worker Hours, Schedules, and PTO
The new Workforce name reflects QuickBooks’ vision to provide businesses and their employees with a robust human capital management platform to manage their work, pay, and benefits in one place.
Taxes July 12, 2023
Tax Advantaged Strategies to Help Clients Plan for Long-Term Care
The Internal Revenue Code includes several tax strategies that may help your clients better prepare for the potential costs of long-term care—here are three to consider.
Small Business July 12, 2023
How SUI and State Income Taxes Affect Small Businesses
Because registering in multiple states is time-consuming and requires numerous compliance deadlines, most companies employ a third-party formation service to ensure they stay on the right side of the law.
Accounting July 12, 2023
The Power of Mentorship: Why Every Future Firm Leader Needs a Mentor
Whether you're just starting or looking to take your career to the next level, having a mentor or coach can significantly improve your chances of success.
July 6, 2023
How to Realize Tax Rewards with Sec. 1244 Stock
Be aware, however, that this special tax treatment isn’t automatic. To qualify for Section 1244 treatment, the following four main requirements must be met.
Taxes July 6, 2023
How to Deduct Business Expenses While on Vacation
When planning your travels this summer or any other time of the year—business or personal—just remember that the IRS pays close attention to expenses incurred.