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Kentucky now taxes a range of services

TaxConnex

“Services” are generally not subject to sales tax while tangible personal property generally is subject to sales tax. Kentucky is the latest in terms of taxing specific services. The Bluegrass State looks to expand sales tax on what it calls high-growth services. Get in touch to learn more.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

While the exact details of the investigation remain undisclosed, the IRS’s involvement suggests potential tax evasion and money laundering charges. In the case of the investigation into Shohei Ohtani’s former interpreter, the IRS’s involvement suggests that there may be evidence of tax evasion or money laundering.

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

ThomsonReuters

Thomson Reuters set out to answer that question by surveying more than 100 CPAs who are currently employed as accountants. The results show that tax and accounting professionals know exactly what they want in an employer—and here’s how firms can heed the call. But all that’s changed.

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Unleash the power of tax automation

ThomsonReuters

Unleashing the power of tax automation One of the most promising solutions today is the growing opportunities for tax automation. This innovative approach is more than just a technological upgrade; it’s a strategic move toward making the accounting profession more resilient, appealing, and sustainable.

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Revolutionize your talent strategy with automation

ThomsonReuters

This is where technology, particularly tax automation, plays a pivotal role. The role of tax automation Automation is a strategic asset in recruitment and retention. Automated tax processes standardize workflows, reduce manual errors, and significantly reduce the time spent on repetitive tasks.