TaxConnex

JANUARY 30, 2025

AI and automation are all the rage, but does it have a place in your sales tax compliance process? Businesses need a way to calculate the correct sales tax to charge in states where they have a sales tax obligation, and for this, automation can be a great solution. If so, where?

Sales

TaxConnex

JUNE 26, 2025

As digital products and technology platforms evolve, so do the complexities around how they’re taxed. From bundled services to shifting definitions across state lines, staying compliant isn’t just about filing returns, it starts with knowing exactly what you’re selling and where you're on the hook for tax obligations.

Technology

Accounting Today

JUNE 16, 2025

EDT 1 Min Read Facebook Twitter LinkedIn Email The Public Company Accounting Oversight Board reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. Finally, audit engagement deficiencies increased across all firms. All rights reserved.

audit

ThomsonReuters

JULY 2, 2025

From paper trails to predictive intelligence Takagi identified payroll auditing as one of the most immediate and impactful areas for AI automation. Compliance and strategic decision-making Beyond auditing, AI is proving valuable in navigating the complex world of payroll compliance. .”

audit

CPA Practice

NOVEMBER 11, 2024

For example, 1040 tax prep will likely soon be worth more than ever. The Future Of Individual Tax Prep Is Brighter Than Ever While AI has been everywhere in the last few years, practical AI built into traditional platforms is being augmented by platforms to help with productivity. Automation and AI are reducing the labor needed!

accounting firms

ThomsonReuters

JUNE 27, 2025

For tax and accounting professionals, the GENIUS Act is more than just a policy milestone—it’s a signal that stablecoins are entering the mainstream financial system. Read more actionable strategies on crypto compliance, tax treatment, and staying audit-ready. Jump to ↓ What is a stablecoin?

Tax

CPA Practice

NOVEMBER 4, 2024

audit workforce—that they would be losing their jobs in the coming weeks, the Wall Street Journal reported on Monday. The job cuts will impact employees such as audit associates and managers but not partners, according to the WSJ. These job cuts also included employees in business services, audit, and tax. of its U.S.

audit

CPA Practice

NOVEMBER 12, 2024

Learn how Avalara integrates seamlessly with your existing tech stack, saving time, reducing costly errors, and hear firsthand from a firm that has supported clients through their tax compliance journey. Prior to Acuity, Kenji was CFO of an Inc 5000 tech company and worked in the audit practice at Arthur Andersen.

Technology

ThomsonReuters

MARCH 3, 2025

While advanced tax technology and automation are nothing new for most accounting firms, the introduction of agentic AI is redefining what classifies as a mundane task. For years, automation has eliminated the need for tax professionals to spend their days steeped in manual data entry, searching for blank fields or numbers that dont add up.

Tax

CPA Practice

JUNE 26, 2025

OBannon A new study from Thomson Reuters comes with a stark warning to the tax and accounting industry: firms without artificial intelligence strategies could fall irrevocably behind in the next 12 months as competing firms leverage the technology to transform faster, serve better, and hire smarter.​

Technology

CPA Practice

JUNE 30, 2025

OBannon The Sales Tax Sisters, Mary Thomas (Attorney and CPA) and Stephanie Thomas (CPA), are excited to announce their partnership with Roundtable Labs to launch The Sales Tax Hive , a new roundtable community designed exclusively for bookkeepers, accountants, and finance professionals navigating the complexities of sales and use tax.

bookkeeping

CPA Practice

JULY 29, 2025

OBannon The Internal Revenue Service and its Security Summit partners are reminding tax professionals about the federal mandate to have a Written Information Security Plan (WISP) designed to help protect them against threats from identity thieves and data breaches. What tax pros should know about WISPs Required by law.

Technology

CPA Practice

NOVEMBER 27, 2024

These statistics highlight an undeniable reality: delivering outstanding CX is not optional—it is a strategic imperative, even in specialized sectors like tax technology. Retailers expect to have instant, accurate tax calculations at the point of sale to meet customer expectations for seamless transactions.

Tax

ThomsonReuters

JULY 30, 2025

As firms navigate increasing pressure to adopt sustainable practices while maintaining audit excellence, electronic confirmation technology emerges as a powerful solution that addresses both imperatives simultaneously. Let’s explore how electronic confirmation technology creates value across multiple dimensions of audit practice.

audit

ThomsonReuters

NOVEMBER 4, 2024

← Blog home In the rapidly evolving field of auditing, AI-powered technologies are revolutionizing traditional processes. The need for advanced technologies in modern auditing has never been more apparent, and artificial intelligence (AI) is at the forefront of this evolution.

audit

Accounting Today

JUNE 6, 2025

We must confront a critical question: If we continue to train accountants solely to file tax reports, are we truly equipping them for the challenges of todays world? All rights reserved. Yet, in many areas, accounting education stubbornly clings to outdated, overly technical models that fail to connect with the actual demands of the market.

Account

Accounting Today

JUNE 10, 2025

The firm will be fully integrating agentic AI into RSMs assurance, tax and consulting services; empowering RSM talent with agentic AI tools to heighten productivity and professional growth; and expanding agentic AI-driven solutions to elevate the overall client experience. All rights reserved. by 2035, KPMGs 2025 Futures Report found.

Technology

ThomsonReuters

NOVEMBER 19, 2024

← Blog home Corporate tax departments are facing mounting pressures due to a talent shortage and increasing regulatory complexities, such as Pillar 2 and Global Minimum Tax (GMT) requirements. Corporate tax departments are often stretched thin, making them susceptible to audits and penalties.

Technology

Accounting Today

JUNE 12, 2025

EDT 6 Min Read Facebook Twitter LinkedIn Email By any other name; poor Service; a saga continues; and other highlights of recent tax cases. Rockford, Illinois: Tax preparer Gretchen Alvarez, 49, has pleaded guilty to preparing and filing false income tax returns. The tax loss totaled $356,881. All rights reserved.

Tax

Accounting Today

JUNE 20, 2025

3 to file various federal individual and business returns and make tax payments. 3 to file various federal individual and business returns and make tax payments. The current list of eligible localities is on the IRS Tax Relief in Disaster Situations page.) All rights reserved. 15, 2025. 31, 2025.

Mississippi

ThomsonReuters

FEBRUARY 4, 2025

Jump to Key areas where AI enhances tax services in large firms Barriers to AI adoption in large firms and overcoming them Embrace AI in your large firm for a competitive edge The tax and accounting industry is on the brink of a significant transformation, driven by the integration of artificial intelligence (AI) and generative AI (GenAI).

accounting firms

Accounting Today

JUNE 26, 2025

By Chris Gaetano 1m ago Tax-related court cases Tax Fraud Blotter: Boundless energy Another Naughty list; a couple of sharks; Miami vice; and other highlights of recent tax cases. All rights reserved.

quickbooks

ThomsonReuters

DECEMBER 16, 2024

Implement a quarterly security audit 4. Keep your clients updated with your data protection As the integration of generative AI (GenAI) technology becomes increasingly prevalent in the tax and accounting industry, ensuring data security is paramount. Jump to 1. Use data encryption when working with clients 2.

Tax

Going Concern

NOVEMBER 8, 2024

PwC accused of interfering in Australian tax leaks probe [ Financial Times ] PwC has been accused of interfering in Australia’s political and regulatory affairs after documents revealed the Big Four accounting group warned its local firm against co-operating with investigations into a damaging tax leaks scandal without permission.

Florida

CPA Practice

OCTOBER 17, 2024

State and local governments are being squeezed by a shortage of accounting professionals, making it difficult at times to find staff CPAs who can prepare critical financial information or outside firms to conduct audits. Yet salaries and audit fees are often well below those offered in the private sector, the report found.

cpas

Accounting Today

JUNE 11, 2025

The shift signifies growing apprehension across Main Street accounting firms serving as advisors on tax, payroll and compliance decisions amid a backdrop of historic tariff actions, continued inflation and unpredictable tax and trade policies. All rights reserved.

Technology

Accounting Today

JULY 23, 2025

Paradoxically, vulnerability had given him back control — but it also opened up a whole set of questions about his professional career, including his role as managing partner of Tri-Merit Specialty Tax Services (a tax advisory firm that also hosts Bridging the Gap). "I All rights reserved. he asked.

Technology

CPA Practice

JUNE 18, 2025

Arpit has played a pivotal role in building the US PCAOB audit capabilities, leading complex public company engagements and driving the expansion of this critical practice area. Arpit began his journey with us 14 years ago as an intern (article clerk) in Mumbai, India, and has since become a key leader within the US Assurance practice.

Technology

ThomsonReuters

DECEMBER 27, 2024

Blog home With the introduction of Accounting Standards Update 2023-08, Subtopic 350-60, the landscape for accounting, audit, and assurance of cryptocurrency is evolving. Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? What can accountants do to prepare for crypto audits?

audit

CTP

JANUARY 15, 2025

Just the mention of the word audit can strike fear into a taxpayers heartbut with enough preparation, an audit does not have to be a reason for anxiety. Each year, a number of audits are randomly chosen by the IRS, so the possibility of being audited is unavoidable even if your tax return has been filled out perfectly.

audit

CPA Practice

JULY 15, 2025

The subscription-like nature of tax, audit, and advisory services makes these firms attractive to investors seeking long-term, stable returns. C. New Leadership Models in the CPA Profession Traditionally, the key person in a CPA firm was the individual handling the technical work—whether tax preparation or auditing.

cpa firm

Accounting Today

JUNE 5, 2025

Accounting Accounting education CAS Technology Accounting students MORE FROM ACCOUNTING TODAY Tax-related court cases Tax Fraud Blotter: Prep perps Bank job; the magic is gone; not a beautiful day in the Neighborhood; and other highlights of recent tax cases. All rights reserved. By Editorial Staff June 5 Like what you see?

Account

CPA Practice

DECEMBER 3, 2024

UHY has established itself as a highly respected, market-leading accounting, tax, consulting, and advisory services firm built on a reputation for exceptional client service and innovation,” said Paul Furer, a partner at Summit who has joined UHY’s board of directors. Summit maintains offices in North America and Europe.

Non-Profits

CPA Practice

OCTOBER 29, 2024

A new pass-through field operations unit announced in fall 2023 has officially started work in the IRS’s Large Business and International (LB&I) division to more efficiently conduct audits of pass-through entities, the tax agency said on Oct. LB&I will be responsible for starting pass-through exams, regardless of entity size.

income tax

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.

accounting firms

ThomsonReuters

JANUARY 6, 2025

Blog home Managing tax obligations in large organizations is a multifaceted challenge that demands precision, efficiency, and a deep understanding of ever-evolving regulations. This is where embedded tax solutions come into play. Highlights: Tax management in large organizations is complex and needs precision.

Tax