The GAO issues a draft of a strategy guide to help
federal departments and agencies minimize their improper payments. It
includes examples of techniques public- and private-sector
organizations have used to estimate the extent of such payments, the
cost of implementing effective internal control systems and the
effectiveness of corrective actions to date. Comments are due by
August 15 ( www.gao.gov/new.items/d01703g.pdf
).
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Tax reform complicates year-end tax planningGet your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.
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What RPA is and how it worksRobotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.