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5 Common Ways That Legacy Technology Puts Your Firm at Risk

CPA Practice

While every industry has outliers when it comes to technology adoption, i.e. adoption that is either faster or slower than the median for a particular group, historically, the accounting profession has trended toward inertia when it comes to making technology changes.

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Accountants Aren’t the Most Concerned About AI’s Impact—Except in One State

CPA Practice

Coming on the heels of a Moss Adams study that revealed 69% of accountants believe artificial intelligence has a positive impact on the accounting profession, a new report from AI customer support company DevRev found that accountants don’t fear AI advancements the most among professionals in the U.S.

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What's new in state sales and use taxes

TaxConnex

Georgia has amended the exemption from sales and use tax on the sale or lease of computer equipment to be used by qualifying Georgia high-tech companies. The bill also extends the sunset date of the sales tax exemption for the purchase of high-technology data center equipment to Dec. compared to the same period a year ago.

Sales 177
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Friday Footnotes: EY Doesn’t Regret a Return to Office; Consulting Cut Backs; AI Will Not Replace Accountants | 8.11.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Accounting and advisory firm Grant Thornton trimmed about 3% of its ranks in June. What drew you to the field of accounting?

Account 97
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N26: Cloud-Banking Core Key To Meeting Consumers’ Mobile Banking Needs

PYMNTS

Many banks braced themselves for an oncoming surge in the number of consumers accessing their financial accounts online or via mobile banking apps, but safely and seamlessly providing that access remained tricky for many in the space. The Tracker also analyzes how the use of cloud technology can help FIs stay on top of that shift.

Utah 91
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Funding Lands T&E Firm TripActions $4B Valuation

PYMNTS

Reports in Inc42 said the company automates settlement and reconciliation to help firms manage transactional data, and monitor the entire lifecycle of a transaction. million in funding for its technology, reports said this week. MX, based in Utah, said it plans to deploy the investment to continue building out its data solutions.

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G7 Prepares For Cross-Border Malware Simulation

PYMNTS

Wolters Kluwer , which fell victim to a malware attack last week, sent a “quiet panic” through the accounting industry, with clients unable to access data and do their jobs. Most have deployed automated network-scanning technologies, and about one-third have in place their own security operation centers, researchers found.

Wyoming 51