AI: Solving old drudgery, creating new drudgery
New technology has a habit of fixing old problems but creating new ones in their place, and AI is unlikely to be an exception.
The new drudgery
Once AI handles all the boring and unpleasant tasks for accountants, what boring and unpleasant tasks will replace them?
On the move: Centri hosts Community Collaboration Day
Baker Tilly names chief growth officer; Marcum and KPMG release surveys; and more news from across the profession.
Tech news: Center rolls out “Insights for Travel”
Plus, Paystand enhances support for Microsoft Dynamics; and other accounting tech updates.
Tax Fraud Blotter: Bad choices
A senate hearing; lack of Unity; that ain’t chicken feed; and other highlights of recent tax cases.
Lawmakers urge IRS Direct File to loosen ID requirements
A group of lawmakers has urged the IRS to loosen the identity verification requirements to access the new Direct File system by dropping the mandate to follow stringent ID.me standards.
IRS sees tax gap growing
The Internal Revenue Service released the latest tax gap projections Thursday, which pertain to tax year 2022, showing an increase over the previous projections, with the gap between taxes owed and paid growing to $696 billion.
GASB mulls changes in accounting for infrastructure assets
The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.
Tax breaks spur foreign direct investment in Midwest manufacturing
While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.
Trump vows to eliminate income taxes on Americans living abroad
His pledge could simplify the tax obligations for U.S. citizens who live overseas.