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TIGTA: IRS Struggled to Reconcile Child Tax Credit Payments
Taxation
The IRS made errors in its calculations and distributions of the Child Tax Credit (CTC), a Treasury Inspector General for…
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President Meets With Service Company Execs About Surprise Fees
Trusted Professional
President Joe Biden hosted executives from several companies at the White House to continue his campaign against so-called…
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Some Tax and Accounting Pros Cautious About Use of AI
Accounting
As the adding machine, the personal computer and the internet all became valuable and indispensable tools for the practice…
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Federal Reserve May Pause Interest Rate Increases for First Time Since March 2022
Trusted Professional
After 15 months and 10 consecutive interest rate raises, the Federal Reserve is expected not to raise rates any further in…
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Employee Retention Credit Processing Backlogs Continue, Congressional Hearing Told
Taxation
A backlog in the IRS’s processing of Employee Retention Credit (ERC) claims has some small businesses waiting as long as…
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Cities Suffering from the Effects of Remote Work
Trusted Professional
Workers have gotten used to working remotely, and that is bad for cities in general and for commercial real estate in…
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Accenture and Other Firms Investing Heavily in AI
Trusted Professional
Consulting firm Accenture has announced that it will invest $3 billion in artificial intelligence (AI) technology over the…
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Tax Pros Say 2022 Filing Season Was Easier, But There Were Still Challenges
Taxation
The recent tax season has been one of the easiest in recent memory, Accounting Today reported, but some tax professionals…
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House Republicans Unveil Legislation to Cut Taxes
Taxation
The House of Representatives’ Committee on Ways and Means plans to introduce a legislative tax relief package consisting…
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