How to Successfully Implement Artificial Intelligence Accounting Tools at Your CPA or Tax Prep Firm

Dec 7, 2023 | CPE Education & Webinars

In the fast-evolving landscape of accounting, embracing technological advancements is no longer a choice but a necessity. The integration of Artificial Intelligence accounting (AI) in CPA and tax preparation firms is inevitable. AI offers unparalleled efficiency,...

ChatGPT Passed Accounting Exams: Will AI Replace Accountants?

Nov 27, 2023 | AI News

As artificial intelligence (AI) rapidly evolves, a McKinsey study predicts that by 2030, AI could displace 15 percent of the global workforce. This leads to the question, will AI replace accountants? The release of ChatGPT, a groundbreaking language model by OpenAI,...

Summary: IRS Employee-Retention Credit (ERC) Warnings

Nov 27, 2023 | CPE Education & Webinars

Annual Federal Tax Update This article is the part 4 of 4 in a series: A curated list of updates to prepare you for tax season 2023 The Internal Revenue Service (IRS) has recently implemented a significant change regarding the Employee Retention Credit (ERC), a...

Summary: New and Expanded Individual and Business Credits

Nov 25, 2023 | CPE Education & Webinars

Annual Federal Tax Update This article is the part 3 of 4 in a series: A curated list of updates to prepare you for tax season 2023 There are many tax credits and deductions that can help you reduce your tax liability or increase your refund. Here are some of the most...

IRS Summary: Guidance on 2023 Inflation-Adjusted Rates

Nov 23, 2023 | CPE Education & Webinars

Annual Federal Tax Update This article is the part 2 of 4 in a series: A curated list of updates to prepare you for tax season 2023 The IRS adjusts various tax-related thresholds annually for inflation. For 2023, these adjustments include changes in tax brackets,...