Reining in the ERC, and other major developments at the IRS
Accounting Today
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Since the introduction of the Inflation Reduction Act more than two years ago, the Internal Revenue Service has been hard at work putting the increased funding towards a range of initiatives.
In other stories today:
Twenty-five percent of accountants want to increase their roles in implementing diversity, equity and inclusion initiatives, a new study says.
While small businesses still primarily use accounting software to record and manage transactions, the percentage using paper actually increased.
Revenue Procedure 2024-34 expands the waiver of the eligibility rules to accounting method changes.
Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.
Tax professionals are calling for changes to the proposal, even though they welcome clarifications they have been waiting on for decades.
Chartered Accountant at G.Satapathy and Company, Chartered Accountants
2 个月Thanks for sharing