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FEATURED CONTENT
Small Biz Faces a Huge New Reporting Reg Next Year
Regulatory tsunamis come in batches. By now, for example, most of you have heard about the tax-reporting requirement slated to kick in next year, where the IRS would've learned about the income of individual taxpayers who made just $600 on the likes of eBay. That sounded like a looming nightmare -- until the IRS suddenly put it off a year two days before Thanksgiving. (Sometimes removing tax regulations without warning creates as much confusion as adding them.) Small businesses aren’t off the regulatory hook that easily for 2024. Come January 1, a new ownership-reporting requirement begins for millions of American companies. Now’s the time to prepare yourself and your company.
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CURRENT EDITION
Tax Tips for Families Affected by Disability: What More People Should Know
There are a few tax tips for people with disabilities that I think are not as well-known as they should be. They can also be applicable to their parents or others who care about them. This is not meant to be a comprehensive treatment of all aspects of how taxation and disability interact. Rather it is to alert you to some things I think should be more widely known. One thing to keep in mind is that some of the parents and grandparents of disabled adults don’t necessarily share this part of their personal life, so you may be surprised at how this information might be valuable and appreciated by some of your clients.
Beyond Numbers: How Post-Cognitive Accountants Transform the 1040 into a Portal of Profound Insights
In an era where Artificial Intelligence (AI) effortlessly handles the computational heavy lifting of tax preparation, the role of the accountant is evolving into something far more profound. The Post-Cognitive Accountant emerges not as a number cruncher but as a holistic advisor, transforming mundane tax documents into gateways of deep personal and financial insight. The once straightforward Form 1040 is now a rich tapestry, each box a doorway into the unique narrative of an individual’s life. Let’s embark on a journey through the 1040, reimagined as a portal to new dimensions of understanding and opportunity.
Networking Events for CPAs: Making the Most of Conferences and Seminars
Networking is vital to any profession and is no different for us Certified Public Accountants (CPAs). Attending conferences and seminars can be a game-changer, offering opportunities to learn, connect, and grow your professional network. These events are not just about business but also about personal and professional growth. However, to truly benefit from these events, it’s essential to have a strategy in place.
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PRACTICAL IMPLEMENTATION
Think Outside the Tax Box provides tax reduction strategies along with practical
implementation advice in order to reduce your clients’ federal tax bill with ease.
