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RNC Chair Michael Whatley says forgiveness is “absolutely essential” in politics – CBS News Watch CBS News Republican National Committee Chair Michael Whatley joins “The Takeout” to discuss the first four months of President Trump’s second term, the GOP budget bill and more. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Carl Peterson, vice president of small firm interests at the American Institute of CPAs, will retire on June 30.Peterson joined the AICPA in 2014 focusing on the organization’s relationship with groups focused on issues impacting small firms. He also liaised with state CPA societies and led small firm roundtables, including two major webcast series, “Small Firm Updates” and “Small Firm Issues,” which helped practitioners and state society staff stay ahead of emerging trends, technical updates and regulatory changes.”Carl’s ability to connect with small firm practitioners, understand their realities, and elevate their perspectives made him an invaluable advisor to me,” Susan…

The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology as it carries out widespread layoffs.A report, released last week by the Treasury Inspector General for Tax Administration, found the IRS could leverage its examination results when using AI to select cases for further scrutiny and improve its processes. TIGTA noted that the IRS’s current tax return selection models have resulted in a high percentage of examinations that were completed with no change to the tax liability. However, that means resources are wasted on unproductive examinations and compliant taxpayers are unnecessarily burdened. AI models can improve…

Illinois approved a bill on Thursday to create additional pathways to CPA licensure, and it awaits the signature of Gov. JB Pritzker.The legislation, House Bill 2459, amends the Illinois Public Accounting Act to create two additional paths to licensure: a bachelor’s degree with a concentration in accounting plus two years of work experience, or a master’s degree with a concentration in accounting plus one year of work experience. All candidates must still pass the CPA exam.The bill preserves the legacy pathway requiring 150 credit hours plus one year of experience and passing the exam. It also ensures practice mobility so…