The accounting profession is currently amid a significant transformation, primarily attributed to the rapid emergence of artificial intelligence (AI). It has reshaped accounting in ways previously unimagined. In this article, we will examine the multifaceted influence of AI on the daily activities of Certified Public Accountants (CPAs). Many have used or at least heard of Read the full article…
In 2022, the California Employment Development Department (EDD) identified approximately 158,000 misclassified workers through audits and inspections. Since then, the EDD has continued to battle misclassification between employees and independent contractors, and employers can expect to see a spike in 1099 audits specifically. While there is no guidance to determine which businesses will be selected Read the full article…
As the season starts to turn and we begin to plan for the upcoming holidays, now is the best time to prepare for the end of the year and the start of 2024. Individuals and businesses that are growing or in the start-up phase should review and evaluate the specific needs and goals for the Read the full article…
As the scorching summer months approach, businesses across various industries are gearing up for a different kind of cleaning spree: record retention summer cleaning. With the sheer volume of documents accumulated over time, it can be overwhelming to navigate through the labyrinth of paperwork and determine which ones are important to keep and for how Read the full article…
