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ChatGPT to become your accountant?
ChatGPT is developing a finance tool that could function as a personal accountant. Tibor Blaho, a computer engineer, revealed this feature on X, suggesting users may connect their financial accounts for tailored insights. The tool could analyse spending, recommend credit cards, and flag suspicious transactions. While some users welcome the idea, others express concerns about…
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Refund delays hit 830,000 taxpayers
This tax season, over 830,000 taxpayers have received notices from the IRS indicating delays in their tax refunds due to an executive order from President Donald Trump mandating electronic payments. The order aims to eliminate paper checks, which can lead to fraud and delays. House Ways and Means Committee members Danny Davis (D-IL) and Terri…
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Federal appeals court ends SAVE student loan repayment plan
A federal appeals court has ordered the termination of the Saving on a Valuable Education (SAVE) repayment plan, a Biden administration initiative designed to lower student loan payments for millions of borrowers. The U.S. Court of Appeals for the 8th Circuit reversed a lower court decision that had dismissed a Republican-led legal challenge to the…
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Brain cells are running data centers in Singapore and Melbourne
Australia-based biotech startup Cortical Labs is working on two small data centers run by human brain cells. The experiment could one day challenge the use of semiconductors from the likes of Nvidia. The company is building facilities in Melbourne and Singapore to house its biological computers, known as CL1 units, which consume a fraction of…
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Navigating tax complexities for the FIFA World Cup
The 2026 FIFA World Cup, hosted by the U.S., Canada, and Mexico, will feature 48 teams and presents significant tax and social security challenges for players, coaches, and support staff. As noted by Daida Hadzic and Rob Fagan from KPMG, “Understanding and addressing the intricate cross-border financial and regulatory issues will ensure a smooth and…
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Property tax cuts gain momentum across the U.S.
As states grapple with rising property tax bills, many are exploring tax cuts amid an election year. Manish Bhatt from the Tax Foundation notes: “The overwhelming trend across the states is relief for residential property owners.” Proposals for tax reductions are under discussion in states like Iowa, Kansas, and Florida, but face political hurdles. In…
