ThomsonReuters

DECEMBER 10, 2024

In tax practice, GenAI can: Draft initial responses to client questions Create drafts of tax memos Generate explanation of complex tax concepts Produce content based on given prompts Assist in creating reports and documentation Agentic AI Agentic AI represents a significant leap forward in capabilities.

audit 97

audit Tax Technology tax return 97

Accounting Today

JUNE 23, 2025

Climate transition In related news, the IFRS Foundation also published on Monday a new guidance document disclosing information about an entitys climate-related transition, including information about transition plans , in accordance with IFRS S2 as part of its commitment to supporting the implementation of IFRS Sustainability Disclosure Standards.

accounting standards 59

accounting standards Technology international accounting standards tax preparation 59

Accounting Today

JULY 18, 2025

These new features are an addition to the softwares already-present ability to streamline control documentation, automate testing and monitoring, and provide real time insights. Partnerships and integrations Document management and automation solutions provider Trinsoft has become a Nuvei Integrated Software Vendor partner.

Technology 64

Technology sage accounting accounting and finance audit 64

ThomsonReuters

JULY 1, 2025

Unlike generative AI that requires constant prompting, agentic AI can independently handle complex tasks like document review, memo drafting, and research synthesis. Instead of toggling between returns and source documents, professional-grade agentic AI pulls relevant figures, applies firm-approved formatting, and drafts the first version.

Tax 64

Tax accounted Account accountant 64

Withum

DECEMBER 18, 2024

2024 Year-End Tax Planning Resources Nows the time to review your year-end tax planning options and strategies for the 2024 tax season. Withums Year-End Tax Planning Resource Center offers tips, legislative updates, and tax-saving opportunities for individuals and businesses.

Tax 122

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Accounting Today

JUNE 13, 2025

TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. Instead users can invite their tax professional to collaborate on tax strategies or search the directory of firms who support the Instead platform and offer tax planning and advisory.

Technology 82

Technology tax planning audit tax preparation 82

CPA Practice

JULY 22, 2025

Jason Bramwell Accounting practice management platform Canopy on July 22 launched Smart Intake, a native solution that automates client intake and tax workflow with AI-powered questionnaires, featuring intelligent prefill, document checklists, and real-time customer relationship management data sync.

Technology 59

Technology payroll payroll tax audit 59

CPA Practice

JULY 15, 2025

Purpose-built for accounts receivable, AI agents instantly recognize key tasks and bring all relevant data and documents to inform their response.

Technology 79

Technology accounted Account accountant 79

ThomsonReuters

NOVEMBER 14, 2024

Eliminate data entry with our industry-leading scan-and-populate solution, which automates 4–7x as many documents as the alternatives and exports data directly to your tax software. Patented, AI-powered technology auto-verifies OCR data for 65% of standard documents.

accounting firms 52

accounting firms Account accounted accountant 52

ThomsonReuters

APRIL 28, 2025

Tools like 1040SCAN use advanced Optical Character Recognition (OCR) technology to extract data from tax documents to automate data entry and work paper preparation. With AI handling the tedious parts of tax preparation, firms can reallocate their staff toward client advisory services like strategic tax planning.

accounting firms 100

accounting firms Technology tax preparation Tax 100

Withum

JULY 3, 2025

As a law firm partner, effective tax planning is crucial to maximizing your financial efficiency and ensuring compliance with ever-evolving tax laws. Here are some key strategies, common pitfalls, and tips for optimizing income timing to help you navigate your tax obligations successfully.

Tax 69

Tax Non-Profits tax planning Legal 69

MyIRSRelief

JULY 4, 2025

With decades of specialized experience in tax controversy and audit defense, Mike Habib understands the intricacies of IRS examination procedures and the sophisticated approaches necessary to protect taxpayers from excessive assessments, penalties, and collection actions.

audit 130

audit tax return Tax Legal 130

MyIRSRelief

JULY 18, 2025

Preparing and Submitting Abatement Requests The abatement process requires detailed documentation and persuasive arguments. Providing supporting documentation, such as medical records, insurance claims, or correspondence with the IRS. This includes: Ensuring timely filing and payment of taxes.

Tax 130

Tax tax return Hospitality corporation tax 130

CTP

DECEMBER 2, 2024

However, if your warranty only covers the first 60 or 90 days after the tax plan is submitted to your client, an audit is not going to occur within that timeframe. That depends—on what type of audit protection you may choose to offer along with your tax plans. The IRS is not out to get you as a tax planner.

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audit Tax auditor tax planning 95

Accounting Today

JUNE 23, 2025

The due process document will be a broader call for external input into our process, but this is another way that were going to be getting external input from some preparers of financial reports, some auditors, different users and technologists," said Black. All rights reserved. They will meet for the first time next month.

accounting standards 101

accounting standards Government Technology audit 101

MyIRSRelief

JUNE 27, 2025

The OIC process involves submitting Form 656, Offer in Compromise, along with detailed financial statements, supporting documentation, and either a partial payment or application fee. Documentation requirements for OIC applications are extensive and demanding.

Tax 130

Tax financial statements payroll tax business tax 130

Accounting Today

JUNE 9, 2025

The San Francisco-based companys reports, which are designed for clarity and compliance, include: Tax Return Analysis Report, which reveals tax-saving opportunities in tax returns for individuals (1040) and businesses (Schedule C, E, F, 1120, 1120S, 1065). All rights reserved.

Tax 52

Tax Technology tax return tax preparation 52

Accounting Today

JUNE 20, 2025

Taxfyle rolls out TXF Intelligence for smaller practitioners Tax solutions provider Taxfyle announced the release of its new TXF Intelligence product, a generative AI tool built to automate and streamline tax return preparation for small tax and accounting firms in the U.S. All rights reserved.

Technology 59

Technology Tax Alaska Construction 59

Accounting Today

JUNE 12, 2025

Bui knew that to make it appear that the participants had timely purchased their units in the shelters, Fisher, Sinnott and others backdated and instructed others to backdate documents, including subscription agreements and checks. and one of its partners, Kristofer Heaton, for failing to properly document five audits.

Tax 85

Tax tax preparation audit Technology 85

CTP

OCTOBER 28, 2024

Family office services are typically offered by large CPA firms and include financial advisory services and even tax planning services. If it is important to you to develop leaders in successive generations of the family, you can build out a plan for how that will take place.

Education 52

Education tax planning Government Real Estate 52

ThomsonReuters

JULY 16, 2025

Introducing Ready to Advise: The pathway to scaling advisory services By solving the challenges that hinder many firms, Ready to Advise is an AI-powered tax planning advisory solution that helps your firm transition more of your business to strategic advisory services. Let’s take a look. Client-ready reports. Q&A chat.

accounting firms 93

accounting firms Account accounted accountant 93

CPA Practice

NOVEMBER 18, 2024

Key internal controls and built-in features add safeguards to protect against bad data or errors such as asset duplicates or inconsistencies, including: Detailed documentation capabilities Validation controls Process and sign-in audits 2. Tax planning, data manipulation, and reconciliations can be significant resource strains.

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audit tax planning Tax accounting books 52

Accounting Today

JUNE 6, 2025

Wolters Kluwer releases AI audit documentation solution Wolters Kluwer HQ Wolters Klower announced TeamMate+ AI Editor, a generative AI writing engine designed to enhance the quality of audit documentation with data protection and safeguards. All rights reserved.

Technology 59

Technology audit E-commerce tax preparation 59

Accounting Today

JUNE 20, 2025

By Chris Gaetano June 20 Audit Senate Parliamentarian rejects PCAOB provision in tax bill The provision would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission. All rights reserved.

Mississippi 94

Mississippi Texas Tax Technology 94

Accounting Today

JUNE 19, 2025

All rights reserved. More information is at Dispute Prevention and Resolution for Large Business and International Taxpayers , or email pfa.info@irs.gov with the subject line: "Feedback on PFA Program."

corporation tax 59

corporation tax Technology tax preparation audit 59

CTP

APRIL 21, 2025

For those who are either interested in starting an NIL collective or have launched one but are still figuring out how to run it effectively, a strategic but often-overlooked next step is to develop a tax plan. First, since the goal is to qualify for tax exemption, who better to talk to than an expert on the ins and outs of tax law?

Tax 52

Tax Non-Profits Sports income tax 52

ThomsonReuters

JULY 23, 2025

While AI excels at processing information, surfacing relevant guidance, and producing standardized outputs, it’s the judgment, nuance, and personal connection that tax professionals bring to the table that truly drives value.

Tax 64

Tax Technology accounting firms Gaming 64

ThomsonReuters

JULY 8, 2025

Tax provision season arrives with the predictability of changing seasons, yet many finance teams still approach it with the same manual processes and overwhelming stress levels. Software can model various tax planning strategies, helping teams understand the provision impact of different business decisions before implementation.

Technology 52

Technology Tax general ledger accounting and finance 52

ThomsonReuters

DECEMBER 4, 2024

Client intake and information gathering The first step in filing an individual income tax return is meeting with the client to understand their tax situation and gather necessary documentation. Securely share documents with clients and automatically gather tax-related information that flows directly into UltraTax CS.

tax return 52

tax return income tax accounting firms Tax 52

Analytix Finance & Accounting

JUNE 24, 2025

Professional accounting firms employ specialists in various areas including tax planning, financial analysis, compliance, and industry-specific regulations. When you outsource your accounting, tax preparation becomes an ongoing process rather than a stressful annual event.

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Accounting Today

JUNE 27, 2025

Document management and e-signature solutions provider Foxit announced the release of its new AI-Powered Research Agent. The software uses AI to extract meaningful, structured insights from dense, complex research documents. All rights reserved.

Technology 45

Technology audit tax preparation Pennsylvania 45

CPA Practice

JULY 14, 2025

His areas of tax expertise include partnerships, including allocations, tax planning and structuring. Morris brings over a decade of experience advising on domestic and cross-border tax issues involving mergers and acquisitions, divestitures, recapitalizations, debt and equity financings, and internal restructurings.

West Virginia 51

West Virginia Technology Pennsylvania accounting and finance 51

Accounting Today

JULY 23, 2025

Invoicing has become a growing friction point for CPAs, as documentation and reminders get lost in overstuffed inboxes or are dismissed amid a flurry of other daily notifications. All rights reserved. Lost billable hours, delayed payments and bottlenecks in client service have not only a financial cost but a reputational cost as well.

Technology 59

Technology cpas audit tax preparation 59

ThomsonReuters

JULY 23, 2025

The idea was to scan documents and bookmark them for easy access. The solution: SurePrep for scan, organize, and review Within two months, the firm fully integrated SurePrep across all tax clients. Automated document recognition and bookmarking (which makes importing to UltraTax faster and cleaner).

tax preparation 52

tax preparation cpa firm CPA Tax 52

Nancy McClelland, LLC

DECEMBER 24, 2024

I would not take this approach… though if you’re really opposed to it, or already on winter vacation, or busy with year-end tax planning or other seasonal work, you could try waiting until the first week of the new year in case this gets delayed one more time. Penalties are steep for willful non-compliance.

Education 98

Education tax planning CPA accountant 98

Accounting Insight

MAY 2, 2025

Theres hardly time to stay on top of each clients basic needs yet alone advising them on their tax affairs. This is now made possible through Intelligent Automation, giving accountants the ability to automate the personal tax return process; from collating documents, to submitting to HMRC. Time and cost savings.

Technology 59

Technology accounting firms Tax tax return 59

CPA Practice

JUNE 17, 2025

35K, Partner $25K for Multiple Audit Failures The Utah-based firm and its founder/partner Kristofer Heaton were fined on June 12 for audit documentation, engagement quality review, and quality control failures involving five audits. Jason Bramwell Auditing June 13, 2025  PCAOB Docks Heaton & Co.

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auditor Technology audit payroll 72