Time to rebalance the TCJA for small biz

Time to rebalance the TCJA for small biz

CPA and small-business advocate Anne Zimmerman makes the case for rethinking some of the Tax Cuts and Jobs Act, and more of today’s top stories.?

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Time to rebalance the TCJA for small biz

With some temporary provisions in the Tax Cuts and Jobs Act approaching their sunset, members of Congress are considering extending or making them permanent.?

In other news today:

ChatGPT bombs accounting class

A recent study has found that if ChatGPT were a student in an accounting class, it would get a failing grade.

The complicated world of noncash contributions

From a bag of used clothing to artwork worth millions, donations can get a tax deduction — the complications arise when dealing with substantiation requirements.?

The 20 worst states to be a taxpayer

The worst five states had an average effective total tax rate on the median U.S. household of 14.31%.

IRS tweaks crypto guidance for Bitcoin

The service has slightly revised its 2014 guidance on the treatment of virtual currency to reflect the fact that some countries now accept Bitcoin as legal tender.

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KPMG pens deal with MindBridge for AI in audits

MindBridge's statistical, machine learning and rules-based analytics technology will be incorporated into the Big Four firm's audit platform, Clara.

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