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Articles

Regulatory fatigue? FATCA inaction may risk noncompliance
Eight years after Congress passed the Foreign Account Tax Compliance Act (FATCA, which was enacted as part of the Hiring Incentives to Restore Employment Act, P.L. 111-147) to address the potential for tax evasion, lack of planning in response to...
IRS: Several tax law changes may affect bottom line of many business owners
The Internal Revenue Service today reminded business owners that tax reform legislation passed last December affects nearly every business. With just a few months left in the year, the IRS is highlighting important information for small...
AI, machine learning, deep learning: Say what?!?
Artificial intelligence (AI) is already changing the nature of our lives. When you ask Siri for a restaurant recommendation or when you tell Alexa to play your favorite song, you're interacting with AI. AI has also been making its way into the...
IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment
The Internal Revenue Service issued guidance today on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to...
Robots in workplace 'could create double the jobs they destroy'
The rise of machines, robots and algorithms in the workplace stands to create almost double the number of jobs for the global economy by the middle of the next decade than it puts at risk of being replaced. According to the World Economic Forum...
Connecticut among most innovative states in U.S.
With the current advancement of technology, it's no surprise that states are in a race to outpace each other in the battle for technological dominance. In a report released this week by Kempler Industries, an Illinois machinery company,...
What's the difference between a private and public blockchain?
Blockchain is forecast to transform many industries by providing fast, verifiable transfer and tracking. At its core, blockchain is a distributed ledger that records transactions between every user in the chain. Although it’s commonly regarded...
Blockchain, machine learning, and a future accounting
The inventor of bitcoin and blockchain technology goes by the name Satoshi Nakamoto. Though Nakamoto claims to be a Japanese man born in 1975, most experts believe Nakamoto is a pseudonym. Some have gone so far as to theorize that Nakamoto isn't...
IRS issues proposed regulations on new 20 percent deduction for passthrough businesses
We're ready and willing to work through this guidance with you... stay tuned for details on an upcoming program with Walter Nunnallee.
Move Over Millennials, It’s Gen Z’s Turn to Kill Industries
Millennials have been accused of killing so many products and industries—taxis, landlines, snail mail—that it’s become a media trope. But millennials are old news. Today, businesses and marketers are desperately anticipating the murderous whims...