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AI
2026-10-02 11:17:34

Mercor says AI now outperforms CPAs on structured accounting tasks

Research cited by Techub News says current AI models have moved ahead of certified public accountants, or CPAs, in both speed and accuracy on structured accounting work. The finding marks a sharp change from 18 months ago, when AI still lagged well behind human professionals on the same type of tasks. Even so, the study does not suggest full autonomy. In the more demanding APEX benchmark, no model was able to complete every task on its own. The research also says AI still cannot independently handle the closing process without human oversight. The report was attributed to The Decoder.

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Mercor says AI now outperforms CPAs on structured accounting tasks
mining rigs
2026-08-25 11:31:09

U.S. 100% bonus depreciation creates a different cost-recovery path for mining rigs

FinTax examined how the same ASIC mining machine can produce two very different cost-recovery schedules under accounting rules and U.S. federal tax law. Under financial reporting, listed miners commonly capitalize self-mining equipment as property, plant and equipment and depreciate it over an estimated useful life that may now be as short as two to three years for many models. Under the U.S. tax code, though, qualifying property may be eligible for a full first-year writeoff. The article says H.R.1 became Public Law 119-21 on July 4, 2025, and Section 70301 amended IRC §168(k) to permanently restore the 100% additional first-year depreciation deduction, commonly known as bonus depreciation. IRS Notice 2026-11 later said the rule generally applies to qualified property acquired and placed in service after Jan. 19, 2025. FinTax stressed that this does not mean every mining machine can be deducted in full in the year of purchase. The outcome still depends on tax classification, timing of acquisition, when the asset is placed in service, and whether the taxpayer elects out or uses the transitional 40% option available under IRC §168(k)(10) for the first tax year beginning on or after Jan. 19, 2025. The piece also compared the U.S. approach with Ethiopia and Kazakhstan, where mining equipment generally follows local asset classes and statutory depreciation rules, producing a different tax-accounting profile.

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U.S. 100% bonus depreciation creates a different cost-recovery path for mining rigs