According to the Internal Revenue Service, those earning $50k-$75k filed the most returns (15.69%) as of May, while millionaires accounted for only 0.22% of returns filed. Read more about the number of returns by income group here. #taxes #IRS
Accounting Today
Online Audio and Video Media
New York, NY 835,203 followers
Accounting Today, an Arizent brand, is the independent news and information resource for tax and accounting professional
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AccountingToday.com is a leading provider of online business news for the tax and accounting community, offering breaking news, in-depth features, insightful editorial analysis, and a host of web-related resources and services. The brand serves its audience through a diverse multimedia platform that includes a monthly print publication; an industry-leading website featuring daily news, in-depth analysis, and a wide variety of rich media; multiple digital newsletters; live events; and proprietary research.
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Updates
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Moss Adams announced the launch of two new AI consulting teams, focused on machine learning and generative AI, who will work with clients on implementing AI solutions.
Moss Adams launches AI consulting service
accountingtoday.com
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AICPA chair Carla McCall talks about how accounting firms need to work together so they can all thrive separately.
Building the profession together
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The Republican nominee for president wants to renew the provisions of the Tax Cuts and Jobs Act.
Trump says growth will pay for tax cuts said to cost trillions
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At #PESummit, you'll explore the opportunities PE investments bring and evaluate what might be the right fit for your firm. Register today to gain a clear understanding of how PE works in accounting. https://bit.ly/3X14cCl
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The Internal Revenue Service and its partners have identified half a dozen steps for safeguarding taxpayer information.
The 'Security Six' protects tax pros against cyberattacks
accountingtoday.com
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Caseware and CPA Club announced a new collaboration that will combine each of their resources to facilitate the implementation and use of quality management solutions for firms.
Caseware and CPA Club partner on quality management
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The upcoming presidential election is fast approaching, and clients' concerns surrounding everything from inflation to expiring tax laws are mounting. "Many uncertainties regarding the direction of the U.S. economy, the current inflationary environment along with rising interest rates, prices and labor shortages all contribute," Mark Baran, managing director at CBIZ MHM's National Tax Office in Washington, D.C., told Accounting Today last month. "Clients are paying close attention to how each candidate would change the Tax Code." #tax
Trump, Harris tout different visions for tax policy
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