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NoneCHANTILLY, Va., Nov. 27, 2024 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that Carey Smith, chair, president, and chief executive officer, and Matt Ofilos, chief financial officer, will participate in fireside chat question and answer sessions at the following investor conferences: About Parsons Corporation Parsons (NYSE: PSN) is a leading disruptive technology provider in the national security and global infrastructure markets, with capabilities across cyber and intelligence, space and missile defense, transportation, environmental remediation, urban development, and critical infrastructure protection. Please visit Parsons.com and follow us on LinkedIn and Facebook to learn how we're making an impact.

ATLANTA (AP) — Deliberations are underway in Atlanta after a year of testimony in the gang and racketeering trial that originally included the rapper Young Thug. Jurors are considering whether to convict Shannon Stillwell and Deamonte Kendrick, who raps as Yak Gotti, on gang, murder, drug and gun charges. The original indictment charged 28 people with conspiring to violate Georgia’s Racketeer Influenced and Corrupt Organizations Act. Opening statements in the trial for six of those defendants happened a year ago . Four of them, including Young Thug, pleaded guilty last month. The rapper was freed on probation. Stillwell and Kendrick rejected plea deals after more than a week of negotiations, and their lawyers chose not to present evidence or witnesses. Both seemed to be in good spirits Tuesday morning after closings wrapped the previous night. Kendrick was chatting and laughing with Stillwell and his lawyers before the jury arrived for instructions. The jury started deliberating Tuesday afternoon and was dismissed at 5 p.m. Jurors are expected to resume deliberations Wednesday morning. If they don’t reach a verdict by 3 p.m. Wednesday, the judge will send them home for the Thanksgiving weekend and they will return Monday morning. RELATED COVERAGE Shoplifting ring stole $2M in cosmetics and clothes then resold them abroad, prosecutors say A fugitive wanted in the US for a pair of bombings is arrested in the UK after 20 years on the run Man found guilty of holding down teen while he was raped at a youth center in 1998 Kendrick and Stillwell were charged in the 2015 killing of Donovan Thomas Jr., also known as “Big Nut,” in an Atlanta barbershop. Prosecutors painted Stillwell and Kendrick as members of a violent street gang called Young Slime Life, or YSL, co-founded in 2012 by Young Thug, whose real name is Jeffery Williams. During closings on Monday, they pointed to tattoos, song lyrics and social media posts they said proved members, including Stillwell, admitted to killing people in rival gangs. Prosecutors say Thomas was in a rival gang. Stillwell was also charged in the 2022 killing of Shymel Drinks, which prosecutors said was in retaliation for the killing of two YSL associates days earlier. Defense attorneys Doug Weinstein and Max Schardt said the state presented unreliable witnesses, weak evidence and cherry-picked lyrics and social media posts to push a false narrative about Stillwell, Kendrick and the members of YSL. Schardt, Stillwell’s attorney, reminded the jury that alleged YSL affiliates said during the trial that they had lied to police. Law enforcement played a “sick game” by promising they would escape long prison sentences if they said what police wanted them to say, Schardt said. He theorized that one of those witnesses could have killed Thomas. The truth is that their clients were just trying to escape poverty through music, Schardt said. “As a whole, we know the struggles that these communities have had,” Schardt said. “A sad, tacit acceptance that it’s either rap, prison or death.” Young Thug’s record label is also known as YSL, an acronym of Young Stoner Life. Kendrick was featured on two popular songs from the label’s compilation album Slime Language 2, “Take It to Trial” and “Slatty,” which prosecutors presented as evidence in the trial. Weinstein, Kendrick’s defense attorney, said during closings it was wrong for prosecutors to target the defendants for their music and lyrics. Prosecutor Simone Hylton disagreed, and said surveillance footage and phone evidence supported her case. “They have the audacity to think they can just brag about killing somebody and nobody’s gonna hold them accountable,” Hylton said. The trial had more than its fair share of delays. Jury selection took nearly 10 months , and Stillwell was stabbed last year at the Fulton County jail, which paused trial proceedings. Judge Paige Reese Whitaker took over after Fulton County Superior Court Chief Judge Ural Glanville was removed from the case in July because he had a meeting with prosecutors and a state witness without defense attorneys present. Whitaker often lost patience with prosecutors over moves such as not sharing evidence with defense attorneys, once accusing them of “poor lawyering.” But the trial sped up under her watch. In October, four defendants, including Young Thug , pleaded guilty, with the rapper entering a non-negotiated or “blind” plea, meaning he didn’t have a deal worked out with prosecutors. Nine people charged in the indictment, including rapper Gunna , accepted plea deals before the trial began. Charges against 12 others are pending. Prosecutors dropped charges against one defendant after he was convicted of murder in an unrelated case. ___ Kramon is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Kramon on X: @charlottekramonRussia shares higher at close of trade; MOEX Russia Index up 1.18%

Windsor Mills, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (Nasdaq:YYAI) is pleased to announce that it has closed the acquisition of a further 50% ownership stake in Yuanyu Enterprise Management Co., Limited (YYEM), a Hong Kong-based entity focused on the global Love and Marriage sector, taking its overall stake in YYEM to 70% and received Nasdaq confirmation that post-acquisition trading of YYAI will commence at the market opening tomorrow morning on November 22, 2024. As a result of the acquisition, Connexa has now undergone a change of control, appointed new officers, new directors, and effected a spin-off of the Slinger Bag business. "We would like to thank all of our shareholders and directors for their support in the acquisition of YYEM and we wish YYEM and Connexa's new board every success for the future,” concluded Mike Ballardie, the former CEO of Connexa. Mr. Zhou, Chairman of YYEM and a new member of Connexa's Board of Directors, commented, "I thank the outgoing directors for their service to Connexa and look forward to an exciting future as we take the company forward into the Love and Marriage sector.” About YYAI: Connexa Sports Technologies Inc. (YYAI), via its majority-owned subsidiary, Yuanyu Enterprise Management Co., Limited, operates across the rapidly emerging Love and Marriage sector. Yuanyu Enterprise Management Co., Limited owns numerous patents, technologies and algorithms that drive its big data and matchmaking analyses, deriving its current revenues from royalties. YYAI Contact Information: [email protected] www.yuanyuenterprise.com Forward-Looking Statements This press release contains forward-looking statements. Statements that are not historical facts, including statements about beliefs or expectations, are forward-looking statements. These statements are based on plans, estimates, expectations and projections at the time the statements are made, and readers should not place undue reliance on them. In some cases, readers can identify forward-looking statements by the use of forward-looking terms such as "may,” "will,” "should,” "expect,” "opportunity,” "intend,” "plan,” "anticipate,” "believe,” "estimate,” "predict,” "potential,” or "continue,” or the negative of these terms or other comparable terms. Forward-looking statements involve inherent risks and uncertainties and readers are cautioned that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statements. Factors that could cause actual results to differ materially from those described in this press release include, among others:

CHICAGO (AP) — As Donald Trump’s Cabinet begins to take shape, those on both sides of the abortion debate are watching closely for clues about how his picks might affect reproductive rights policy in the president-elect’s second term . Trump’s cabinet picks offer a preview of how his administration could handle abortion after he repeatedly flip-flopped on the issue on the campaign trail. He attempted to distance himself from anti-abortion allies by deferring to states on abortion policy, even while boasting about nominating three Supreme Court justices who helped strike down the constitutional protections for abortion that had stood for half a century. In an NBC News interview that aired Sunday, Trump said he doesn't plan to restrict medication abortion but also seemed to leave the door open, saying “things change.” “Things do change, but I don't think it's going to change at all,” he said. The early lineup of his new administration , including nominations to lead health agencies, the Justice Department and event the Department of Veterans Affairs, has garnered mixed — but generally positive — reactions from anti-abortion groups. Abortion law experts said Trump's decision to include fewer candidates with deep ties to the anti-abortion movement could indicate that abortion will not be a priority for Trump's administration. “It almost seems to suggest that President Trump might be focusing his administration in other directions," said Greer Donley, an associate law professor at the University of Pittsburgh School of Law. Karen Stone, vice president of public policy at Planned Parenthood Action Fund , said while many of the nominees have “extensive records against reproductive health care,” some do not. She cautioned against making assumptions based on Trump's initial cabinet selections. Still, many abortion rights groups are wary, in part because many of the nominees hold strong anti-abortion views even if they do not have direct ties to anti-abortion activists. They're concerned that an administration filled with top-level officials who are personally opposed to abortion could take steps to restrict access to the procedure and funding. After Trump’s ambiguity about abortion during his campaign, "there’s still a lot we don’t know about what policy is going to look like," said Mary Ruth Ziegler, a law professor at the University of California, Davis School of Law. That approach may be revealed as the staffs within key departments are announced. Trump announced he would nominate anti-vaccine activist Robert F. Kennedy Jr. to lead the Health and Human Services Department, which anti-abortion forces have long targeted as central to curtailing abortion rights nationwide. Yet Kennedy shifted on the issue during his own presidential campaign. In campaign videos, Kennedy said he supports abortion access until viability , which doctors say is sometime after 21 weeks, although there is no defined timeframe. But he also said “every abortion is a tragedy” and argued for a national ban after 15 weeks of pregnancy, a stance he quickly walked back. The head of Health and Human Services oversees Title X funding for a host of family planning services and has sweeping authority over agencies that directly affect abortion access, including the Food and Drug Administration and Centers for Medicare and Medicaid Services. The role is especially vital amid legal battles over a federal law known as EMTALA, which President Joe Biden’s administration has argued requires emergency abortion access nationwide, and FDA approval of the abortion pill mifepristone. Mini Timmaraju, president of the national abortion rights organization Reproductive Freedom for All, called Kennedy an “unfit, unqualified extremist who cannot be trusted to protect the health, safety and reproductive freedom of American families.” His potential nomination also has caused waves in the anti-abortion movement. Former Vice President Mike Pence , a staunch abortion opponent, urged the Senate to reject Kennedy’s nomination. Marjorie Dannenfelser, president of the national anti-abortion group Susan B. Anthony Pro-Life America, said the group had its own concerns about Kennedy. “There’s no question that we need a pro-life HHS secretary," she said. Fox News correspondent Marty Makary is Trump’s pick to lead the FDA, which plays a critical role in access to medication abortion and contraception. Abortion rights groups have accused him of sharing misinformation about abortion on air. Russell Vought , a staunch anti-abortion conservative, has been nominated for director of the Office of Management and Budget. Vought was a key architect of Project 2025 , a right-wing blueprint for running the federal government. Among other actions to limit reproductive rights, it calls for eliminating access to medication abortion nationwide, cutting Medicaid funding for abortion and restricting access to contraceptive care, especially long-acting reversible contraceptives such as IUD’s. Despite distancing himself from the conservative manifesto on the campaign trail, Trump is stocking his administration with people who played central roles in developing Project 2025. Trump acknowledged that drafters of the report would be part of his incoming administration during the Sunday interview with NBC News, saying “Many of those things I happen to agree with.” “These cabinet appointments all confirm that Project 2025 was in fact the blueprint all along, and the alarm we saw about it was warranted,” said Amy Williams Navarro, director of government relations for Reproductive Freedom for All. Dr. Mehmet Oz , Trump’s choice to lead the Centers for Medicare and Medicaid Services, is a former television talk show host who has been accused of hawking dubious medical treatments and products. He voiced contradictory abortion views during his failed Senate run in 2022. Oz has described himself as “strongly pro-life, praised the Supreme Court decision overturning Roe v. Wade , claimed “life starts at conception” and referred to abortion as “murder.” But he also has echoed Trump’s states-rights approach, arguing the federal government should not be involved in abortion decisions. “I want women, doctors, local political leaders, letting the democracy that’s always allowed our nation to thrive to put the best ideas forward so states can decide for themselves,” he said during a Senate debate two years ago. An array of reproductive rights groups opposed his Senate run. As CMS administrator, Oz would be in a key position to determine Medicaid coverage for family planning services and investigate potential EMTALA violations. As Florida’s attorney general, Pam Bondi defended abortion restrictions, including a 24-hour waiting period. Now she’s Trump’s choice for attorney general . Her nomination is being celebrated by abortion opponents but denounced by abortion rights groups concerned she may revive the Comstock Act , an anti-vice law passed by Congress in 1873 that, among other things, bans mailing of medication or instruments used in abortion. An anti-abortion and anti-vaccine former Florida congressman, David Weldon, has been chosen to lead the Centers for Disease Control and Prevention, which collects and monitors abortion data across the country. Former Republican congressman Doug Collins is Trump’s choice to lead the Department of Veterans Affairs amid a political battle over abortion access and funding for troops and veterans. Collins voted consistently to restrict funding and access to abortion and celebrated the overturning of Roe v. Wade. “This is a team that the pro-life movement can work with," said Kristin Hawkins, president of the national anti-abortion organization Students for Life. The Associated Press receives support from several private foundations to enhance its explanatory coverage of elections and democracy. See more about AP’s democracy initiative here . The AP is solely responsible for all content.OneMedNet Announces Receipt of Nasdaq Notice Regarding Delayed Form 10-Q

The Milwaukee Bucks have started off the 2024-25 NBA season with an 8-9 record. While it isn’t exactly how they had hoped to begin the year, they’re not in a horrible position. Doc Rivers and company have looked the part of contenders in some games, but have fallen completely flat in others. Of course, the Bucks have been forced to play the entire season so far without star forward Khris Middleton . He has been out due to an ankle injury. The hope is that he will return soon. Now, the Milwaukee Bucks have received a major update about Middleton just ahead of Thanksgiving. Milwaukee Bucks Receive Major Injury Update on Khris Middleton According to a report from ESPN NBA insider Shams Charania , Middleton has taken a big step towards returning to the court. He was able to participate in five-on-five drills and the goal is to bring him back sometime after Thanksgiving. “I’m told for the first time in this rehab process from bilateral ankle surgeries, Khris Middleton completed full five-on-five scrimmages on Monday with the Bucks in Miami,” Charania revealed. “The team is hopeful that he is going to be able to make his season debut at some point after Thanksgiving. From what I’m told, he has been already cleared medically to play, but for him it’s about comfort. [He intends to return] when he’s fully right and feels that he’s going to be able to make an impact, like we know Khris Middleton can, when he is fully healthy.” Middleton getting back on the court could be the boost that the Bucks need to get back to playing to their full potential. Last season, the 33-year-old ended up playing in 55 games. He averaged 15.1 points per game to go along with 5.3 assists and 4.7 rebounds. In addition to those averages, Middleton shot 49.3 percent from the floor and 38.1 percent from three-point range. While he has been medically cleared for quite some time, Middleton has been being patient and focusing at being at 100 percent before he returns for the Milwaukee Bucks. All of that being said, the hope is that he will be back on the floor in the near future. The Bucks could use the help and he would take pressure off of both Giannis Antetokounmpo and Damian Lillard. Only time will tell, but this update is a step in the right direction. This article first appeared on WI Sports Heroics and was syndicated with permission.U.S. stock futures opened little changed on Tuesday night as traders await the release of the Federal Reserve's favorite inflation gauge. Futures tied to the Dow Jones Industrial Average added 20 points, or 0.04%. Meanwhile, S&P 500 futures also inched 0.04% higher, while Nasdaq-100 futures fell 0.03%. Philadelphia news 24/7: Watch NBC10 free wherever you are In other corporate news, several companies released their quarterly results. Dell Technologies tumbled 10% in extended trading as the company issued a disappointing forecast for the current quarter. Looking toward Wednesday, the personal consumption expenditures price index (PCE) is set for release at 10:00 a.m. ET. Economists polled by Dow Jones expect a year-over-year increase of 2.8% for the core reading , which excludes food and energy. Investors will look through the data for indications on how the Fed may proceed on its rate policy at its upcoming December meeting. Indeed, the Fed issued the meetings from its November meeting on Tuesday. While central bank officials said they anticipate more interest rate cuts coming down the pike, they said the pace of cuts would happen "gradually." "I think they'll cut again [in December]," Stephen Stanley, Santander U.S. Capital Markets chief U.S. economist, told CNBC's " Power Lunch ." "I think they feel like they're still pretty far away from neutral, so they feel like they still have some distance to go and they'd like to get another notch in their belt on that." Other key inflation data out on Wednesday include personal income and consumer spending for October. That's also scheduled to be released at 10:00 a.m. ET. It's also a shortened trading week in the U.S., with the market dark for the Thanksgiving holiday on Thursday and then set to close early Friday. Trading volume is anticipated to remain light. Even still, stocks finished in the green across the three major averages on Tuesday. Both the S&P 500 and the Dow Jones Industrial Average reached fresh intraday and closing highs. Small-cap benchmark takes a breather but remains on track for big November gains It was a less-than-stellar session for the Russell 2000 , as it clipped a six-day winning run on Tuesday. The small-cap index lagged the three major averages, slumping about 0.7%, while the S&P 500 and the Dow Jones Industrial Average rose to fresh record closes. Nevertheless, the Russell 2000 is enjoying a strong November, as investors have snapped up cyclical stocks since Donald Trump won a second term in the White House earlier this month. The Russell is on track for a 10.4% jump month to date, besting the 5.5% gain the S&P 500 is carrying this month. The small-cap benchmark has also topped the Nasdaq Composite 's nearly 6% advance in November and the Dow's 7.4% jump. — Darla Mercado, Chris Hayes Dell Technologies, Workday among the names making moves in overnight trading Some stocks are making big moves in extended trading: Read here for the full list. — Sean Conlon Stock futures are little changed Stock futures opened little changed on Tuesday evening. Futures tied to the Dow Jones Industrial Average gained 20 points, or 0.04%. S&P 500 futures likewise moved 0.04% higher, while Nasdaq-100 futures fell 0.03%. — Sean Conlon

VinFast Auto Ltd. VFS shares are trading higher on Tuesday . The company reported a third-quarter loss per share of 23 cents, which beat the analyst consensus estimate for a loss of 28 cents . Quarterly sales of $511.6 million (+49.3%) beat the street view of $477.25 million. The company delivered delivering 21,912 vehicles, representing a 115% year-over-year increase. “We expect to finish 2024 on a strong note and meet our 80,000-vehicle delivery target, as the momentum in Q3 has continued into Q4,” said Madam Thuy Le, Chairwoman of VinFast. Notably, B2C deliveries experienced a considerable quarterly increase of 163%, highlighting strong market demand for VinFast’s EVs. The gross margin in the third quarter of 2024 was negative 24.0%, compared to the negative 27.0% margin in the same quarter of the previous year. Also Read: Biden Proposes Medicare, Medicaid Access For Popular Weight-Loss Drugs Recently, VinFast said its Founder and Chief Executive Officer, Pham Nhat Vuong, and his associated companies intend to provide up $2.1 billion in free grants to the company and its subsidiaries through the end of 2026. In addition, Vingroup Joint Stock Company intends for it and its subsidiaries to provide VinFast’s subsidiaries incorporated in Vietnam with up to $1.5 billion in loans through the end of 2026. “Our overall liquidity position has been enhanced by the recently announced loans from Vingroup and grants from our Founder, whereby we expect to receive a potential of $3.5 billion injection by the end of 2026,” said Lan Anh Nguyen, Chief Financial Officer of VinFast. VinFast aims to meet its annual delivery target of 80,000 vehicles, driven by strong momentum in Vietnam and North America. The company is focused on cost optimization and improving profitability while expanding its global presence. Price Action: VFS shares are trading higher by 1.15% to $3.975 at last check Tuesday. Read Next: Intel To Receive Nearly $8 Billion In Federal Funding Under CHIPS Act for US Expansion Image via Shutterstock. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Advisors Asset Management Inc. increased its holdings in AppFolio, Inc. ( NASDAQ:APPF – Free Report ) by 56.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390 shares of the software maker’s stock after acquiring an additional 141 shares during the period. Advisors Asset Management Inc.’s holdings in AppFolio were worth $92,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. boosted its position in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after purchasing an additional 112 shares during the period. CWM LLC boosted its holdings in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after buying an additional 105 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after buying an additional 186 shares during the period. Finally, Quarry LP increased its holdings in AppFolio by 147.9% during the second quarter. Quarry LP now owns 238 shares of the software maker’s stock worth $58,000 after buying an additional 142 shares during the last quarter. 62.34% of the stock is owned by hedge funds and other institutional investors. Wall Street Analysts Forecast Growth A number of research firms have weighed in on APPF. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. KeyCorp dropped their price objective on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, Piper Sandler dropped their price target on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $261.75. Insider Buying and Selling In related news, major shareholder Maurice J. Duca sold 2,577 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $250.75, for a total value of $646,182.75. Following the sale, the insider now directly owns 2,875 shares of the company’s stock, valued at $720,906.25. This trade represents a 47.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website . Also, insider Matthew S. Mazza sold 926 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now directly owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here . Insiders sold a total of 24,461 shares of company stock worth $5,766,272 over the last ninety days. 5.24% of the stock is owned by corporate insiders. AppFolio Price Performance NASDAQ:APPF opened at $253.75 on Friday. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The stock’s fifty day moving average price is $224.84 and its two-hundred day moving average price is $231.25. The company has a market cap of $9.22 billion, a P/E ratio of 70.68 and a beta of 0.83. AppFolio ( NASDAQ:APPF – Get Free Report ) last posted its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $199.11 million. During the same period in the prior year, the company posted $0.26 EPS. The business’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year. AppFolio Profile ( Free Report ) AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties. See Also Five stocks we like better than AppFolio How Technical Indicators Can Help You Find Oversold Stocks The Latest 13F Filings Are In: See Where Big Money Is Flowing How to Know if a Stock Pays Dividends and When They Are Paid Out 3 Penny Stocks Ready to Break Out in 2025 What Is WallStreetBets and What Stocks Are They Targeting? FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter .Many tax filers find tax-preparation software to be very useful, and most tax software is simple to use, cost-efficient (especially when compared to the cost of hiring a certified public accountant, or CPA) and fast (some returns may be completed in just an hour). The proof of its popularity: The tax-prep software market was valued at $17.9 billion in 2024 by Fortune Business Insights and is projected to grow to $47.9 billion by 2032. As we approach a new tax year, you might be wondering whether you could ditch your tax professional and stick with tax software . It depends on the nature of your financial situation. Let’s consider some financial situations that are appropriate for tax software and some that might require the expertise of a tax professional. Subscribe to Kiplinger’s Personal Finance Be a smarter, better informed investor. Sign up for Kiplinger’s Free E-Newsletters Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail. Profit and prosper with the best of expert advice - straight to your e-mail. When should you consider using tax software? Tax-prep software is most appropriate when your financial situation is straightforward. In the world of tax, the following qualifies as a straightforward financial situation: You opt for the standard deduction , a fixed amount that is subtracted from your income to arrive at your taxable income, instead of itemizing your deductions. You earn only employment income and receive a Form W-2 from your employer. You invest only in traditional assets like stocks and bonds. You’ve resided in only one state all year. In essence, the fewer your tax events and the fewer tax forms you will need to complete, the more you can rely on tax-prep software. When should you stick to a tax professional? However, the financial situations of many people are more complicated. If any of the following apply to you, tax-prep software might not be entirely up to the job: You itemize your deductions rather than using the standard deduction. You have multiple sources of income, such as 1099 income (dividends, rental income, earnings from a side hustle, etc.), or you juggle two or more jobs. You are self-employed or own a business. If you are a partner in a business, you will need to report your share of income, losses, deductions and credits on Form K-1 . The form also applies if you have shares in an S corporation . You earn income in multiple jurisdictions. You own non-traditional assets such as commodities , derivatives and currencies, among others. You are focused on retirement planning and estate planning and need help identifying tax-efficient strategies to maximize your retirement income and the estate you leave to your loved ones. You sold a business. The tax implications will depend on the business structure ( LLC , partnership, S corp, etc.) and whether it is an asset sale (selling the business assets) or stock sale (selling ownership). Tax professionals can help you minimize your tax liability. You received equity compensation. Different tax rules apply to the four types of stock (or equity) compensation — restricted stock awards, restricted stock units , non-qualified stock options and incentive stock options. Tax professionals can help you plan how to hold and exercise these options to minimize your tax liability. You got divorced. If you file taxes jointly with your partner, then a divorce can complicate tax matters. One point that you should note is that the more complicated your financial situation is, the more tax planning you need to minimize your tax liability. While tax software can help with tax compliance — filing the necessary tax returns and paying the right amount — it cannot help much with tax planning — making decisions that will help reduce your tax liability. Which tax professional do you need? Though we have used “tax professional” throughout this article to refer to experts in tax matters in general, there are some key differences among who does what. CPAs are full-time accountants who are very familiar with the tax code. They often work with businesses or those involved in long-term tax planning. Enrolled agents (EAs) can help prepare your tax return, advise you on tax matters and even represent you before the IRS for a tax audit. The IRS issues the EA credential to those who have met the requirements. Tax consultants or advisers usually have the same expertise on tax matters as CPAs. You can rely on them for both tax compliance and planning, especially in more complex situations. However, while taxation is only one area of expertise for a CPA (financial planning, financial statements preparation, etc., being others), tax consultants are laser-focused on taxation. So, which professional should you choose? If you are looking only for tax preparation in situations that are a tad too complex for tax software, an EA may be all that you need. However, if you are a business owner or you need long-term tax planning (especially relating to retirement and estate planning ), investing the extra bucks in tax consultants or CPAs may be appropriate. Finally, choosing between a tax consultant and a CPA boils down to the scope of services you want. If you are a business in need of more than just tax planning, a CPA might be in a better position to help. In sum, while tax-preparation software has revolutionized the world of taxation by providing taxpayers with a fast, cost-effective and simple way to file their tax returns, some complex financial situations still require the personal touch of a tax professional. Related Content Types of Income the IRS Doesn't Tax States That Tax Social Security Benefits What is Taxable Income? How the IRS Taxes Retirement Income IRS Tax Breaks That Get Better With Age This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA .