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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

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The corporate tax GenAI evolution: Five key tensions your department should address

ThomsonReuters

Tension point 1: The vendor transparency gap The most striking disconnect in our research reveals a fundamental communication breakdown between corporate tax departments and their external service providers. 77% of business tax departments want their tax service providers to use GenAI.

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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

The people said the IRS is evaluating how to comply with President Donald Trump’s executive order declaring English the official language of the United States — a power that some legal scholars say the president does not have. Both people spoke on the condition of anonymity for fear of professional reprisal.

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Los Angeles tax, accounting service

MyIRSRelief

Compliance with laws and regulations: SoCal small business owners are required to keep certain financial records in order to comply with various laws and regulations, such as tax laws. Proper accounting and bookkeeping can help them to meet these requirements and avoid potential legal issues.

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What's new in May for state sales and use taxes

TaxConnex

Voters will likely be asked this fall if they’re willing to increase the city’s 5% sales tax to 6% during the summer in exchange for exempting food from sales tax year-round. Opponents promise legal challenges. For gross receipts from the sale of newly taxed services prior to Jan. Time for a renovation?

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Beyond tax season: creating revenue stability year-round

ThomsonReuters

If you spend a lot of time hiring temporary employees just to help with tax season, you could be missing out on a lot of potential talent—those employees who are looking for long-term positions. Tax accountants who only need office space for a few months out of the year must spend a lot of time before tax season looking for good options.

Tax
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Top Remote Accountants of the Week | June 13, 2024

Going Concern

With our Always-On Recruiting service, access a pool of skilled remote accountants without any upfront costs. Sign up now to see the complete candidate list and connect with potential hires.