Host of problems; comp it; plan to fail; and other highlights of recent tax cases.
Day: August 15, 2024
Xero’s JAX said to tame gen AI hallucinations
Diya Jolly, chief product and technology officer with Xero, touted its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.
Businesses with dubious ERC claims have another chance with the IRS
The IRS said Thursday it will reopen its voluntary disclosure program to allow businesses to correct questionable claims for the pandemic-era employee retention credit.
PCAOB sees audit deficiencies level off at largest firms, but problems remain
A new set of inspection reports of the most frequently inspected firms has been released earlier than usual.
America’s hydrogen-fueled future stalls over tax credits
Two years after a landmark climate law promised to kick-start green hydrogen production with tax credits, companies still don’t know who will qualify.
Is the ‘Trusted Advisor’ a thing of the past?
Gary Shamis traces the evolution of the “Transactional CPA” firm.