AI's transformative impact on resource management offers public accounting firms a competitive edge in effectively staffing their client engagements. Through enhanced forecasting, dynamic scheduling, skill-based matching and efficiency optimization, AI enables firms to maximize their human capital.

As we move into the latter half of 2024, taxpayers and tax preparers should continue to monitor various state and local tax decisions throughout the U.S. in order to remain vigilant and responsive to the latest developments.

Social Security planning is a multifaceted challenge that requires a deep understanding of the system, strategic thinking and personalized advice. By mastering these aspects, CPAs can help clients navigate their retirement journey.