Summary: IRS Guidance on Reporting and Taxation of Cryptocurrency and NFTs

Nov 19, 2023 | CPE Education & Webinars

Annual Federal Tax Update This article is the first part in a series: A curated list of updates to prepare you for tax season 2023 As digital assets continue to gain prominence, the IRS has provided guidance to clarify the reporting and requirements for taxation of...

Quality in AI Accounting: How Accuracy is Programmed

Nov 15, 2023 | Blog

Artificial Intelligence (AI) has revolutionized various industries, and accounting is no exception. AI in accounting streamlines and enhances financial processes, offering a level of accuracy and efficiency previously unimaginable. Developers can train AI systems and...

Stay Ahead of the Year-End Frenzy with Our Annual Planning Checklist for CPA Firms 

Nov 14, 2023 | Company News

As the year quickly comes to a close, wrapping up end-of-year tasks and getting ready for 2024 takes more than just running numbers — it requires a strategic plan.  So we built our Annual Planning Checklist for CPA Firms — your roadmap to a smoother year-end...

IRS Announces Tax Inflation Adjustments for 2024 Tax Year

Nov 10, 2023 | CPE Education & Webinars

The Internal Revenue Service (IRS) has announced the annual inflation adjustments for over 60 tax provisions for the tax year 2024. Notable changes include the reinstatement of the Hazardous Substance Superfund financing rate for crude oil and petroleum products...

ChatGPT for CPAs: What You Need to Know

Nov 2, 2023 | CPE Education & Webinars

In a recent podcast interview with the Journal of Accountancy, Mfon Akpan and Scott Dell, both educators and experts in the field of accounting, delved into the significance of CPAs (Certified Public Accountants) and other professionals understanding generative AI,...