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The Tax Court Approved the IRS’s Application of the Bank Deposits Method

(JofA) - The Tax Court further stated that the bank deposits analysis presumes that any money placed in a taxpayer’s bank account is taxable income unless the taxpayer proves otherwise. According to the court, nontaxable income may come....


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Metric of the Month: How Many Learning Days Should You Offer Employees? 
(CFO) - Dedicated learning time is essential for developing a strong pipeline of future finance leaders.

Turnitin Plagiarism Detector Will Catch Students Who Cheat With ChatGPT With 98% Accuracy 
(TaxProf Blog) - As faculty continue to debate how artificial intelligence might disrupt academic integrity, the popular plagiarism-detection service Turnitin announced on Monday that its products will now detect AI-generated language in assignments.

Independence Matters Avoiding Pitfalls for the Unwary 
(The CPA Journal) - Auditor Independence is integral to the financial reporting system and trust in the capital markets. But recent cases against large audit firms underscore the challenges firms face in ensuring independence

Bernard Arnault’s Net Worth Just Passed $200 Billion, Making Him the World’s Richest Person (Again) 
(Robb Report) - On Tuesday, the French tycoon behind luxury conglomerate LVMH took the top spot on Bloomberg’s Billionaires Index with a total net worth of $201 billion. It’s the first time Arnault has achieved the milestone and makes him just one of three people ever to surpass the $200 billion mark.

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At AccountantsWorld, we value the crucial role that YOU play in core business services - accounting and payroll - just as much as you do.

That's why, since 2003, we've used the unprecedented power of the cloud to put you back in full control of your accounting and payroll services so you can best serve your clients, while raising your own firm's value and relevance. And we never sell our products or services directly to your clients.

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