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A new survey conducted by IRIS Software Group (IRIS) found that more than two in five accountants (42%) are not yet prepared for the upcoming Making Tax Digital (MTD) requirements set to take effect in April 2026. IRIS findings come despite the governments push to digitalise and streamline tax reporting. According to IRIS survey, 44% of respondents said they felt somewhat prepared for the forthcoming MTD requirements, while only 10% considered themselves very prepared.
Since its worldwide release last week, accounting AI experts have been testing Chinese LLM DeepSeek on accounting questions and found it's about or almost on par with other public models.
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In alettersubmitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.
In alettersubmitted to the IRS on Jan. 27, the AICPA requested that the tax agency and the Treasury Department provide exemptions to, or streamlined reporting for, certain foreign filings required by exempt organizations.
A new study from LLC.org has found that tax refund anticipation is particularly pronounced in southern states, many of which have the lowest median household incomes in the U.S.
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Holladay, UT-based Platform Accounting Group has added New York City-based AKM Advisors, formerly known as Adelman Katz & Mond, an accounting firm that has been in practice for more than 35 years and offers a wide range of financial services to clients.
Senate Finance Committee members Catherine Cortez Masto (D-Nev.)andJohn Cornyn (R-Texas) introduced legislation Thursday to stop companies from deducting or claiming credits on theirU.S. tax bills for taxes paid to Russia.
In the climb from contributor to leader, the rules quietly change. 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 (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). 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.
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Swoop, the award-winning global business funding and savings platform, is excited to announce a significant strategic investment from Sandbox Industries, a leading venture capital and consulting firm with deep expertise in the insurance and financial services sectors. This investment will power Swoops ambitious expansion into the US market and strengthen its mission to empower SMEs worldwide with access to essential funding and savings.
Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. While you’re here, subscribe to our newsletter to get the week’s top stories in your inbox every Tuesday and Friday. Comments are closed on Friday Footnotes and the Monday Morning Accounting News Brief by default.
Menzies LLP - A leading chartered accountancy firm. Now that the festive season is behind us, its time to look forward to the changes in the upcoming tax year. With only a few months to go, its imperative that businesses start to prepare themselves for change and the biggest change on the horizon is Employer National Insurance contributions and Employment Allowance changes announced at the Autumn Budget 2024.
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