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...

Continue Reading

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...

Continue Reading

How to Write an Awesome Accounting Bio

September 1, 2023 | 0 views

Even though numbers are probably the biggest thing in an accountant’s wheelhouse, getting people in the door with the right words in your bio can make all the difference in the world. Here are a few tips to make sure...

Continue Reading

2021 Vs 2022 Vs 2023 Federal Income Tax Brackets

September 1, 2023 | 0 views

The US tax system is progressive, meaning that the more you earn the more you pay. For the years 2021-2023 there are seven different brackets for each year (2020 was the same structure as well). Which bracket you are in...

Continue Reading

Monitoring Trade Agreements with Taiwan, Promoting Plain-Language Rules, and Expanding Recruiting and Training for Law Enforcement

September 1, 2023 | 0 views

United States-Taiwan Initiative on 21st-Century Trade First Agreement Implementation Act (HR 4004) – This bipartisan bill was introduced on June 12 by Rep. Jason Smith (R-MO). The purpose of this bill is to convey approval by Congress of the June...

Continue Reading