IRS Plans to Use AI and Ramp Up Enforcement on Millionaires, Partnerships and Crypto

October 1, 2023 | 0 views

Recently, IRS Commissioner Danny Werfel spoke of changes within the IRS, announcing several initiatives focusing on high-income earners and partnerships, as well as integrating the use of AI within the agency’s work. According to the commissioner, the initiatives were made...

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Common Financial Reporting Mistakes and How to Correct Them

October 1, 2023 | 0 views

With accounting fraud and financial reporting mistakes creating a lack of confidence, understanding how financial reporting mistakes occur and are detected is an important topic. According to the Association for Federal Enterprise Risk Management and the U.S. Securities and Exchange...

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Work and Social Security Benefits

October 1, 2023 | 0 views

You can work and still receive Social Security benefits, but how much you receive depends on a number of factors.First, if you do plan to continue working after becoming eligible to receive benefits, you might consider delaying filing for benefits...

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IRS Announces End of Unannounced Taxpayer Visits (Mostly)

September 1, 2023 | 0 views

You wake up in the middle of the night. Heart racing, drenched in sweat, and breathing heavily. Thankfully, it was just a nightmare when the IRS showed up at your doorstep unannounced. Recently, however, this was the reality for some...

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How to Identify and Avoid Cash Flow Pitfalls

September 1, 2023 | 0 views

Looking at expenses for one's business is essential to reduce cash flow issues. For example, it would show if there's too much money leaving the business or what type of scenario the business might face if there's an unexpected and...

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