IRS leveraging AI for audits amid layoffs
Accounting Today
MAY 27, 2025
The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.
Accounting Today
MAY 27, 2025
The Internal Revenue Service is expected to lean more heavily on artificial intelligence technology to select cases as it carries out widespread layoffs.
Insightful Accountant
MAY 26, 2025
The tax landscape for pass-through entities is facing significant changes under the proposed "One Big Beautiful Bill" approved by Congress this week.
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TaxConnex
MAY 22, 2025
Sales tax rules on clothing are some of the most complex nationwide, as a patchwork of states offer complete exemptions, no exemptions and everything in-between for specific types of clothing. One size sure doesnt fit all. Worn by humans Almost all states with a statewide sales tax treat sales tax on clothing differently, and a few states dont levy a statewide sales tax it at all (including, of course, the NOMAD states).
Going Concern
MAY 21, 2025
Oops. Late last year, the state of Rhode Island discovered nefarious individuals had gained access to their state benefits system RI Bridges, a system built and managed by Deloitte. This meant hackers got their hands on the personal information of Rhode Islanders who’d used state programs such as Medicaid, SNAP, Medicaid, health coverage purchased through HealthSource RI, and at-home care services provided by the state, among other things.
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CPA Practice
MAY 21, 2025
Hiam Hmaidan, 53, ofOak Lawn, IL, was arrestedMay 8on a six-count indictment that became public last week charging her with mail fraud and conspiracy to commit mail fraud. She pleaded not guilty.
ThomsonReuters
MAY 21, 2025
Jump to Top 5 priorities for tax and accounting professionals The impact of AI in tax and accounting firms Navigating the future of tax and accounting The landscape of the tax and accounting industry is evolving rapidly, driven by technological advancements and a growing demand for value-added services. According to the 2025 State of Tax Professionals Report by Thomson Reuters Institute , tax, audit, and accounting firms are focusing on several key priorities to stay competitive and meet the ch
Accountant Advocate brings together the best content for small business accounting professionals from the widest variety of industry thought leaders.
Accounting Today
MAY 21, 2025
The fastest-growing accounting firms spend twice as much on their marketing budget than all other firms, an AAM study finds.
Shay CPA
MAY 21, 2025
Bookkeeping for Software as a Service (SaaS) companies presents a unique set of challenges and opportunities. Unlike traditional businesses, SaaS companies operate on a subscription-based model, often deal with deferred revenue, and have complex financial metrics that need to be monitored. This blog post explores the special considerations that accountants and bookkeepers must take into account when managing the books for a SaaS company. 1.
CPA Practice
MAY 21, 2025
Rightworks' online platform offers accounting and tax professionals the latest tools, insights, and actionable strategies from some of the professions most trusted advisors to help drive progress and inspire future-forward firms.
Accounting Insight
MAY 21, 2025
IRIS Software Group research reveals half a million sole traders want to hear from their accountants on forthcoming MTD requirements. Almost half of UK sole traders at risk of non-compliance, feeling unprepared for income tax changes due April 2026. Low awareness highlights a timely opportunity for accountants to support existing clients and win new business.
Speaker: Victor C. Barnes, CPA, MBA
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
ThomsonReuters
MAY 21, 2025
As global regulatory requirements for electronic invoicing (e-invoicing) become more stringent, international companies are feeling the pressure to keep up. Europe, in particular, is advancing with initiatives like the value-added tax (VAT) in the digital age (ViDA) , which aims to modernize VAT systems to align with the digital economy. This is part of a broader trend where regions like Latin America and emerging markets are mandating businesses to send and receive e-invoices that meet evolving
Accounting Today
MAY 21, 2025
The latest data on new SEC audit client engagements for 2024 and the number of accounting-related securities class actions.
Ryan Lazanis
MAY 21, 2025
In todays AI-heavy world, authenticity is the new currency in content marketing. Discover how being real builds trust and audience. The post Authenticity: The Key to Successful Content Marketing appeared first on Future Firm.
CPA Practice
MAY 22, 2025
Half of investor respondents (50%) feel underprepared for the transition of wealth across generations, with 45% of survey respondents stating that planning for wealth transfer is become more challenging.
Speaker: Kim Beynon, CPA, CGMA, PMP
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
SkagitCountyTaxServices
MAY 21, 2025
Feeling the strain of tightening things up and trying to stay one step ahead of whatevers coming next? Youre in good company because this kind of pressure isnt new. Sam Walton didnt have deep pockets or a fancy MBA. But he did have a knack for thinking a few steps ahead. Instead of throwing up his hands when things got expensive, he got creative. He started cutting deals directly with suppliers, trimming operational fluff, and figuring out how to keep shelves stocked and prices low without goin
Accounting Today
MAY 26, 2025
Firms can benefit when more partners have an administrative assistant to help with their work.
Accounting Insight
MAY 21, 2025
Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, and Nuvei , a leading global payments company, today announced a strategic technology partnership to enhance cloud payment capabilities for businesses globally. Through this partnership, Nuveis advanced payment processing technology is now integrated into Quadients cloud-based Accounts Receivable (AR) and Accounts Payable (AP) automation solutions, providing businesses of all sizes
CPA Practice
MAY 21, 2025
James J. Sirleaf, 65, of Darby, PA, pleaded guilty to 15 counts of aiding and assisting in the preparation of false income tax returns and three counts of filing false personal income tax returns for himself.
Speaker: Mark Gilham, FCCA, CPP
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Canopy Accounting
MAY 26, 2025
Keeping up with technologys evolution is easier said than done. However, when you future-proof your accounting firm's tech stack, you stay competitive while giving your team some breathing room. While classic spreadsheets will never go out of style, they require a lot of manual input and have difficulty keeping pace with your clients and employees needs.
Insightful Accountant
MAY 21, 2025
The last three weeks we've told you why today's QB Talks might change the way you provide consulting services.
Accounting Today
MAY 27, 2025
Book'im; out of Service; what a pill; and other highlights of recent tax cases.
Accounting Insight
MAY 21, 2025
New alliance leverages award-winning finance technology and strategic consultancy to enhance efficiency, sustainability and visibility for finance teams Accountant and business adviser, CT , has announced a new strategic partnership between its CT: Evolve team and advanced finance software provider, AccountsIQ. Through the new alliance, the two partners will work collaboratively with clients that can be best supported through AccountsIQs award-winning platform, delivering powerful insights and a
Speaker: Frank Taliano
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
CPA Practice
MAY 21, 2025
Filed automates the complete lifecycle of a tax returnfrom structuring diverse client documents to validating returns and proactively flagging anomalies based on firm-defined rules.
Ryan Lazanis
MAY 26, 2025
Get your new bookkeeping clients up to speed fast. Use this free onboarding checklist to start strong and stay on track. The post The Only Bookkeeping Client Onboarding Checklist Youll Need appeared first on Future Firm.
Going Concern
MAY 22, 2025
Bloomberg reported yesterday that they’ve seen internal memos showing Accenture will get around to promoting nearly 50,000 people globally — about 6% of the total workforce of around 801,000 — “as the company tries to boost morale after a six-month delay to weather a slump in demand for consulting services.” Staff found out on Tuesday.
Accounting Today
MAY 21, 2025
IT auditors who know a lot about AI can now show it through a new certification, as the ISACA now offers an AAIA, or "Advanced in AI Audit," credential.
Advertiser: Paycor
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Insightful Accountant
MAY 23, 2025
Airwallex, a leading global payments and financial platform for modern businesses, has completed a $300 million Series F funding round at a valuation of $6.2 billion.
CPA Practice
MAY 21, 2025
The new credential is designed to meet the needs of IT auditors who are facing an evolving tech and compliance landscape with artificial intelligence at the forefront, the ISACA says.
Basis 365
MAY 25, 2025
When your company is growing (more sales, more hires, more expenses) the margin for error in your cash flow shrinks fast. One unexpected delay in receivables or a surprise cost can throw your entire payroll off balance. But heres the good news: this doesnt have to be your reality. With the right tools, the right rhythm, and the right support system, you can build a financial operation that catches these issues early so you have time to react.
Ace Cloud Hosting
MAY 22, 2025
April isnt the finish line for CPAs and tax preparers; its a turning point. The long hours, late nights, and pressure of tax season leave many accountants physically and emotionally.
Speaker: Cheryl J. Muldrew-McMurtry
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
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