The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to create tax-advantaged savings programs for eligible people with disabilities (designated beneficiaries). Funds from these 529A ABLE accounts can help…
Category: Finance
Businesses must electronically file Form 8300, beginning January 1, 2024
The Internal Revenue Service (IRS) announced that, starting Jan. 1, 2024, businesses are required to electronically file (e-file) Form 8300, Report of Cash Payments Over $10,000, instead of filing a paper return. This…
Transforming Accounting and Finance with Generative AI
In recent years, the integration of artificial intelligence (AI) has revolutionized various industries, and the fields of accounting and finance are no exception. One of the most intriguing advancements in AI technology…