CPA.com has released a toolkit to help accounting and finance professionals to build their knowledge of generative AI. It is also designed to help them assess the risks and opportunities of using the technology in their practices.

 The pace of technology does not slow down...

If we thought that it would take a breather after the end of the Covid pandemic and the advent of the remote work era, the impact of trends such as artificial intelligence and on-demand pay proved us wrong. If anything, automation promises to keep changes in payroll moving at a fast clip. That should translate into making it easier to calculate and run payroll and have greater accuracy in producing the end result—paying people for their work. This special report—Payroll Big Changes Ahead—looks at the trends impacting this crucial business.   

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 The Internal Revenue Service has created a business tax account for sole proprietors. These are for those with file business tax returns with sole proprietor with an EIN.