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Response times for tax professionals are also a problem, according to the National Taxpayer Advocate's Annual Report to Congress. [ABSTRACT FROM AUTHOR]

Responses times for tax professionals are also a problem, according to the National Taxpayer Advocate's Annual Report to Congress. [ABSTRACT FROM AUTHOR]

A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency. [ABSTRACT FROM AUTHOR]

UBS, a Swiss wirehouse, is targeting high-end art collectors in the US by offering guidance on investing in fine art. The bank published a 90-page paper titled "Your Collection, Your Legacy: Building a Lasting Art Collection" as a guide for wealthy clients to engage with the art world. UBS aims to position itself as an independent advisor in the art market, distinguishing itself from other wealth management firms. The paper also provides advice on creating foundations, loans, and estate plans for artworks. [Extracted from the article]

A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced. [ABSTRACT FROM AUTHOR]

A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced. [ABSTRACT FROM AUTHOR]

Here's why it's helpful to keep a big multifunction printer with lots of extra printing capacity and even fax capability. [ABSTRACT FROM AUTHOR]

A new analysis of 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions. [ABSTRACT FROM AUTHOR]

A new analysis of 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions. [ABSTRACT FROM AUTHOR]

A limited number of tax-exempt organizations won't be able to electronically file their income tax returns until the middle of March due to technology upgrades. [ABSTRACT FROM AUTHOR]

Notice 2024-36 announces the second round of credit allocations for a program to allocate the remaining $6 billion in credits. [ABSTRACT FROM AUTHOR]

An experiment tested different generative AI models against each other on multiple choice questions from CPA Exam test prep material, and found they have their own strengths and weaknesses. [ABSTRACT FROM AUTHOR]

Finance departments have a powerful opportunity to help organizations remedy one of their most pressing concerns — late payments. [ABSTRACT FROM AUTHOR]

The IRS is pushing back filing and payment deadlines for those in the San Diego area who were affected. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service offered information about how business owners can avoid electronically filing their income tax forms if it violates their religious beliefs. [ABSTRACT FROM AUTHOR]

The International Ethics Standards Board for Accountants has unveiled a set of ethical standards for business tax planning in response to complaints over tax avoidance by multinational companies. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service has granted extended filing and payment deadlines for wildfire victims in the state. [ABSTRACT FROM AUTHOR]

According to an article in National Mortgage News, private label mortgage securitization is expected to have a strong year in 2024. The fourth quarter of 2023 saw increased activity due to a shift in the interest rate environment, making execution more attractive. Year-to-date issuance is currently at $8 billion, and it is projected to reach over $20 billion in the first quarter. The article also discusses the factors contributing to the rebound in securitization volume and the performance of the 2023 book. Overall, the private label market is showing positive signs for the upcoming year. [Extracted from the article]

The IRS is pushing back filing and payment deadlines for victims of severe storms last November. [ABSTRACT FROM AUTHOR]

The IRS has pushed back filing and payment deadlines for those affected by the August fires. [ABSTRACT FROM AUTHOR]

Tax cuts losing steam; cyberattack follow-up; introducing the CSR; and other highlights from our favorite tax bloggers. [ABSTRACT FROM AUTHOR]

The IRS is pushing back filing and payment deadlines for those impacted in the Great Lakes State. [ABSTRACT FROM AUTHOR]

The IRS is pushing back filing and payment deadlines for those impacted in the Great Lake State. [ABSTRACT FROM AUTHOR]

The IRS is pushing back tax filing and payment deadlines for those affected by storms, landslides and mudslides last August. [ABSTRACT FROM AUTHOR]

The IRS is pushing back payment and filing deadlines for those impacted by storms and flooding in Maine. [ABSTRACT FROM AUTHOR]

The IRS is pushing back payment and filing deadlines. [ABSTRACT FROM AUTHOR]

The International Federation of Accountants reviewed the most helpful research by academics, accounting organizations and firms on the role accountants are playing in ESG reporting and assurance. [ABSTRACT FROM AUTHOR]

A multipronged effort should include documenting damage, hiring licensed and bonded contractors, and organizing client contact information. [ABSTRACT FROM AUTHOR]

Health savings accounts (HSAs) are a tax-advantaged savings and investing account that can help working Americans plan for their medical and financial futures. HSAs offer triple tax savings, allowing individuals to contribute pre-tax income, grow funds tax-free, and make tax-free withdrawals for medical expenses. However, many Americans fail to maximize the potential benefits of HSAs due to low contribution limits and a lack of understanding. Financial advisors recommend incorporating HSAs into employee benefits, considering different HSA options, investing HSA funds, and using reimbursement strategies to maximize savings. It is important to be aware of the differences between HSAs and flexible savings accounts (FSAs) and to plan for estate considerations and Medicare eligibility. [Extracted from the article]

This article discusses the evolving relationship between financial advisors and technology in the wealth management industry. The author highlights key trends, such as the increasing use of technology by advisors and the shift towards advisory business delivered under a fiduciary standard of care. The article also explores how advisors source technology and the impact of the COVID-19 pandemic on the use of core advisor technologies. The biggest challenges for advisors in achieving their technology goals are identified as insufficient time to learn and implement new technology, compliance restrictions, interapplication integration issues, and a lack of buy-in within the practice. [Extracted from the article]

Private credit, which involves lending money to businesses outside of the traditional banking system, is a topic of debate among experts. Some, like UBS Chairman Colm Kelleher and investment firm PIMCO, believe that a bubble is forming in the private lending market. However, others, such as Dan Scansaroli of UBS Global Wealth Management and Ashwin Krishnan of Morgan Stanley, see private credit as a good way to diversify portfolios and generate higher yields. Private loans often come with floating interest rates, which can help protect against inflation. It is important for investors to thoroughly research and understand the risks and benefits of private credit before investing. The market for private credit has grown in recent years due to tightened regulations on banks, and it may continue to grow if the economy shows signs of stalling. However, not all advisors believe that private credit is a good option for their clients, citing concerns about the obscurity and illiquidity of the market. Ultimately, investors should carefully consider their options and be cautious when investing in private credit. [Extracted from the article]

How do you charge sales tax when different kinds of digital product are sold together? [ABSTRACT FROM AUTHOR]

Rising costs and ever-changing employee needs mean that employers need to reconsider their health plan model. [ABSTRACT FROM AUTHOR]

Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction. [ABSTRACT FROM AUTHOR]

Internal Revenue Service commissioner Danny Werfel testified at a hearing of the Senate Finance Committee to discuss this past tax season and the proposed budget for carrying out the agency's future plans. [ABSTRACT FROM AUTHOR]

Generative AI delivers genuine business value to the CFO organization after all the hype has been subtracted. [ABSTRACT FROM AUTHOR]

The free tax program will now import a taxpayer's information from the previous year, as a report finds the program could cost the IRS considerably more than the estimated $249 million per year to maintain. [ABSTRACT FROM AUTHOR]

Rising costs and ever-changing employee needs mean that employers need to reconsider their health plan model. [ABSTRACT FROM AUTHOR]

Recruitment and HR chatbots let you automate many of your hiring and workforce management processes – but which ones are the best? [ABSTRACT FROM AUTHOR]

Filing and payment deadlines for taxpayers in designated areas have been pushed back. [ABSTRACT FROM AUTHOR]

Steve Pemberton, chief human resources officer at Workhuman, explains how the workplace and employers are destined to change regardless of COVID. [ABSTRACT FROM AUTHOR]

Successful enrollment onboarding needs to include automated data capture and flexible, secure portals for employees. [ABSTRACT FROM AUTHOR]

Tom Avery couldn't find a technology product to meet his clients' enrollment, compliance and administration needs — so he created one. [ABSTRACT FROM AUTHOR]

Filing and payment deadlines for taxpayers in designated areas have been pushed back. [ABSTRACT FROM AUTHOR]

Starting a podcast is an investment, but it also has a very high potential upside for accountants. [ABSTRACT FROM AUTHOR]

The Internal Revenue Service has been making progress on catching up with its backlog of unprocessed tax returns, but more work needs to be done, according to a new report. [ABSTRACT FROM AUTHOR]

A buyer's guide to best hr software for small business listing a choice of 11 vendors together with some supporting content underneath the listing. [ABSTRACT FROM AUTHOR]

A pair of lawmakers proposed a bill to end the abuse of grantor-retained annuity trusts to avoid taxes. [ABSTRACT FROM AUTHOR]

One of the key elements in making your resignation as smooth a transition as possible lies in your resignation letter. [ABSTRACT FROM AUTHOR]