Benefits
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How Auditors Are Currently Using Generative AI
PwC and Withum Share Lead For Most IPO Audit Clients in Q2
Pennsylvania High Court to Consider Case on Pittsburgh’s ‘Jock Tax’
Job Market For Gen Z College Graduates Actually Isn’t Too Bad
Difference in Black and White U.S. Unemployment Shrinks
The gap between the Black and White unemployment rate shrank to its narrowest level on record in March as African Americans saw outsize gains in employment.
Colorado Mulls Simplifying Retail Delivery Fee Requirements
The 27-cent retail delivery fee applies to all deliveries containing at least one taxable item that are made by motor vehicle to a location in Colorado.
Illinois CPA Society President and CEO Receives Special Achievement Award
Geoffrey Brown, CAE, received this award in recognition of his exceptional achievements while serving as NAPFA’s CEO, a position he held for nine years before joining ICPAS in late 2022.
IRS $80 Billion Plan Targets Taxpayer Compliance, Improved Service
The $80 billion in IRS funding over 10 years was ushered in under the Inflation Reduction Act — massive climate, energy, tax, and healthcare legislation passed along Democratic party lines last year.
4-Day Workweek Gains Lawmaker Support in Some States
In the past three years, at least six states — California, Hawaii, Maryland, New York, Pennsylvania and Washington — have considered bills to mandate, incentivize or allow the switch to a four-day week.
Progress of Women in Leadership is Stalling
Grant Thornton’s latest research reveals it has been slow, increasing only half a percentage point to 32.4% in the past year, and only 13% since the research was first undertaken in 2003.
New Tax Relief for Emergency Expenses
Beginning in 2024, employers may allow plan participants to use a special emergency savings account. This “sidecar account” is capped at $2,500.
New Law Revamps Retirement Saver’s Credit
Expect some guidance from the IRS before the change takes effect. In the meantime, continue to take the old rules in account for retirement planning and tax purposes.