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Kentucky now taxes a range of services

TaxConnex

Businesses providing these services must charge and remit a 6% sales tax on the total sales price of the service effective last Jan. Businesses without a sales and use tax account must apply for one. Kentucky has also released a “Sales Tax Facts” sheet detailing some now-taxable services.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals. White paper Why tax technology is a game changer for CPA firms Use technology to give your firm a competitive advantage.

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Embracing change: Auditors’ views on generative AI

ThomsonReuters

The 2024 Generative AI in Professional Services research conducted by the Thomson Reuters Institute provides a comprehensive overview of the burgeoning role of GenAI across various professional sectors, including legal, tax, accounting, risk, and government. However, these changes happen slowly and are not always used by all firms.”

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Are you ready? The Corporate Transparency Act becomes effective Jan 1, 2024

ThomsonReuters

This presents a unique opportunity for accounting firms and tax accounting professionals to enhance their revenue streams by diversifying their service offerings. Product Page Checkpoint Edge An accounting and tax research tool powered by AI and machine learning to get targeted search results in less time.

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Keeping staff happy: 4 ways firms can attract and retain accounting talent

ThomsonReuters

Consider implementing a thoroughly integrated and up-to-date tax research solution into your daily workflow. With the ability to quickly search and get answers and insight to tax, accounting, and finance-related questions, your staff can provide clear guidance to your clients while expanding their knowledge.

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Revolutionize your talent strategy with automation

ThomsonReuters

. “ The Future of Tax Automation: How Software Elevates Your Firm’s Recruitment and Retention ,” is a roadmap for firms looking to navigate the complexities of today’s talent market. The post Revolutionize your talent strategy with automation appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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How will AI affect accounting jobs?

ThomsonReuters

How to use AI to innovate Artificial intelligence (AI) is making its presence felt across many industries—and the accounting profession is no exception. While 51% of accounting professionals believe that ChatGPT and generative AI should be applied to tax, accounting, and audit work, opinions are divided about the usefulness of AI tools.