Three years after it purchased the consulting unit of Big Four firm PricewaterhouseCoopers for $3.5 billion in cash and stock, IBM Corp. said that it would launch a new supply chain consulting arm specializing in global logistics. The Armonk, N.Y.-based concern has tapped veteran Bob Moffat to head the new unit, which will bundle consulting services, software automation technology and its proprietary global computer logistics. IBM projected supply chain services -- which constitute a $23 billion market, according to IT industry researchers -- as its next new growth area.
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The IRS provided an electronic way to file a protective claim for a possible tax refund related to the COVID-19 pandemic ahead of a July 10 deadline.
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Final regulations identify charitable remainder annuity trusts as "listed transactions," akin to tax shelters that need to be disclosed to avoid penalties.
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A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and paying their taxes on time.
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The Top 25 Firm acquired Mid-Atlantic Regional Leader Kreischer Miller in Horsham, Pennsylvania.
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AI is shifting the economics of build-versus-buy as more firms turn to apps created not by software vendors but by code generators such as Claude, Replit, or Cursor.
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The time saved by using AI is being eroded by the time spent verifying its outputs.
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