Self-Funding Transformation: R&D and Emerging Technology
Every business is seeking to integrate generative AI and automation into its operations. Machine builders, systems integrators and machine shops are no exception.
3 Tips to Start Preparing for Next Tax Season Now
Tax season is always stressful for small businesses, but it’s not too soon to prepare. Follow these steps to make next tax season a breeze.
Proper IRS Modernization Will Have Long-Lasting Positive Impact
Flush with funding from the Inflation Reduction Act, the IRS launched major initiatives to ramp up enforcement activities and make much-needed improvements in taxpayer services.
Former IRS Commissioner Cites Missed Opportunity in State of The Union Address
Days after President Biden delivered his address on the State of the Union, people are still talking about it. Love it or hate it, the speech was one of the most memorable of Biden’s presidency.
Justice Department Appeals Corporate Transparency Act Ruling
The US government appealed a district court ruling that the anti-money laundering Corporate Transparency Act is unconstitutional, setting the stage for what could be a lengthy appeals process.
Tax Pros Brace for ‘Tidal Wave’ of Crypto Tax Scrutiny From the IRS. What Investors Need to Know
As the IRS bolsters its cryptocurrency expertise, tax professionals are bracing for increased scrutiny of digital currency.
IRS aims to close ‘inequity gap’ for unpaid taxes. How the agency targets top earners for audit
The IRS will continue to crack down on top earners who haven’t paid taxes owed — and certain returns may see increased scrutiny, experts say.
IRS commits to making Child Tax Credit changes quickly
The Internal Revenue Service would be able to implement changes to the Child Tax Credit within weeks, IRS Commissioner Danny Werfel told Congress, and send out tax refunds promptly.
TIGTA: Clawbacks, Flat Funding Could Hinder IRS Transformation
A clawback of the IRS’s Inflation Reduction Act funds, combined with flat appropriations funding, could hamper the agency’s plans for transformation, according to a new report.
How Automation Can Solve Problems in the Food Supply Chain
Automation allows farmers and food distributors to streamline their supply chains, relying on less labor to get their goods to market. Each year in the United States alone, 80 million tons of food is considered spoiled or unsellable before it reaches the market.