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Displaying: October 2019

Will artificial intelligence take over accounting?

Artificial Intelligence (AI) is often used in science fiction to describe robots that take over the world, but lately the term has worked its way into workplaces around the world. As technological innovations become more sophisticated, AI is able to take on specific tasks in industries like customer service and manufacturing that previously could only […]

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Is Your Business Prepared for a Natural Disaster?

A major disaster could not only affect your family, home, and possessions, it could have a big impact on your business, causing damage, loss in income or worse – you could be forced to close down. In fact, approximately 25% of  businesses do not reopen after a natural disaster – for several reasons. This is […]

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Comprehensive Online

Course Includes: n n n n 4 Modules comprised of 4 chapters each n Reading and Reference Materials n Learning Activities n Real world examples and applications n Quizzes & Tests n Instructor support by email n Automatic online grading with feedback n n n n n California Edition is a CTEC approved qualifying course […]

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IRS Offers Safe Harbor to Claim Rental Real Estate as QBI Deduction

The IRS issued Revenue Procedure 2019-38 on September 24th, 2019, finalizing a safe harbor under Section 199A for rental real estate owners to claim a qualified business income deduction of up to 20%. Defining “Rental Real Estate Enterprise” For the real estate business to qualify for the safe harbor, it must meet the definition of […]

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IRS Finalizes New Bonus Depreciation Regulations

The IRS finalized a new law for depreciation under the Tax Cuts and Jobs Act (TCJA), allowing businesses to immediately expense more qualified property. The final regulations put into effect the August 2018 proposed regulations but include some modifications. The final regulations include expensing of section 179 property, an increase in bonus depreciation from 50% […]

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