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Friday Footnotes: IRS Might Get Rid of Everything But English; Ex-Partner Says EY Enabled Organized Crime | 7.25.25

Going Concern

IRS advises of Tuesday deadline to maintain Business Tax Account access [ The Tax Adviser ] Business Tax Account (BTA) designated officials must revalidate their accounts by Tuesday if they want to maintain access, the IRS said in a fact sheet posted Wednesday.

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How NYC Hotspot Empowers Innovation in Tech and Biotech Companies

Shay CPA

Financial Audits : Depending on incentives received, some startups may require periodic financial reviews. State Compliance & Tax Filings : STARTUP NY-certified companies must adhere to state tax regulations. Quarterly Performance Reports : Startups provide updates on growth, funding, and market traction.

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SAS 145 offers tech-powered audits for the future

Accounting Today

This new standard changes the game for auditors to make risk assessments even more effective.

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How do different accounting firms use AI?

ThomsonReuters

Artificial Intelligence (AI) has become a game-changer, helping accounting firms streamline processes, improve accuracy, and deliver more value to their clients. Auditing : AI-powered audit tools analyze large volumes of financial data quickly and accurately.

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The Ohtani scandal: A look into the IRS investigation

ThomsonReuters

Newsletter Top Reads – Tax Professionals Join us each month as we explore the role and impact of AI on tax, accounting, and audit professionals. As fans and stakeholders, we must demand transparency and accountability to preserve the integrity of the games we love.

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The Best Tech for Accounting Firms: The 2024 Tax and Accounting Innovation Awards Announced!

CPA Practice

Origins of the Award In the latter 1990s, the connectivity of the newly adopted internet quickly started to transform how the accounting profession operated within firms and served clients. 2024 Award Finalists AuditFile Advanced AI The company that was first to bring audits into the cloud continues innovating by bringing AI into audits.

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HubSync Unveils Gateway: Redefining Client Experience for Audit and Tax Professionals

CPA Practice

a SaaS software company with a next-generation tax and accounting automation platform , has launched Gateway. The centralized dashboard empowers CPA firms of all sizes, providing seamless navigation across the audit and tax landscape. HubSync Co.,