Tax research

In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting a tax research solution.

When asked to rate how much they use generative AI tools on a scale from 1-10, accountants rated their overall use at 1.56

Thomson Reuters announced the general release of Checkpoint Edge with CoCouncil, now sporting an AI-Assisted Research feature for tax research as well.

Wolters Kluwer's tax, accounting and audit research solution now has generative AI capacities.

Fifteen states are reducing either individual or corporate income taxes this year, with some states trimming both individual and corporate taxes, among 34 states starting the year with significant tax changes.

Tea merchants in both the U.S. and the U.K. continue to face tax problems, while stopping short of dumping their tea into Boston Harbor.

The service updated its tax-gap projections for tax years 2020 and 2021, predicting a big jump from prior estimates.

Inflation-adjusted amounts in the Tax Code are predicted to increase 5.4% in 2024, according to a new report from Bloomberg Tax.

Accounting firms are less important than the partner leading the team in terms of the impact on the business's effective tax rate and the probability it will face an audit.

The company plans to invest $100 million per year in artificial intelligence starting next year.