This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
← 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.
Jump to ↓ The strategic role of taxtechnology Budget disparities and satisfaction levels The rise of Generative AI (GenAI) Key findings at a glance The future trends of taxtechnology Strategic takeaways and future directions The tax and accounting landscape is undergoing a seismic shift, driven by rapid technological advancements.
A recent report from CPA.com says that semi-autonomous AI bots are already completing bookkeeping workflows start to finish, fully automating the process.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. See how automatingtax return assembly and delivery through eSign results in $12k saved for every 1k returns.
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. He also co-founded Acuity Invests, which invests in accounting tech, SaaS, fintech, and crypto companies.
The AI agents include: Accounting Agent: Automates bookkeeping and transaction categorization, and helps with reconciliation of the books. Payments Agent: Improves cash flow by helping businesses get paid an average of five days faster by predicting late payments, automating invoice tracking, and creating and sending invoices and reminders.
Although technology has enhanced risk management, it has not eliminated the root vulnerabilities. While automation, AI and analytics can detect anomalies, they cannot build ethical cultures. Their expertise ensures technology is an enabler, not a substitute, for vigilant fraud prevention.
Brian Tankersley, CPA, and Randy Johnston review TaxGPT , an AI-powered tax assistant for accountants & tax professionals. The tech and accounting professionals that developed the TaxGPT co-pilot system says it can boost productivity by 10x. We’d like to talk about another AI based tax research tool called Tax GPT.
It's no secret that technology has fundamentally changed the way we communicate—both in our personal lives and at work. Read this whitepaper to understand the evolution of collaboration in audit and tax engagements, its impact on firms, and predict where technology will take collaboration next. Download the whitepaper today!
TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features. TaxPlanIQ adds new features Pavel Bolotov/pashabo - stock.adobe.com Tax planning solutions provider TaxPlanIQ rolled out several new features.
Brian Tankersley, CPA, and Randy Johnston review HubSync , an all-in-one, modern client platform which automates the tax return and other key processes and provides a single gateway to drive “Best-in-Class” collaboration between professionals and their clients. Randy Johnston 00:04 Welcome to the accounting Technology Lab.
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.
Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant. Bloomberg announces new features for AI Assistant Bloomberg Tax and Accounting announced a bevy of new features for its AI Assistant.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions.
SmartVault plans release of AI document management solution Document management Sutthiphong - stock.adobe.com Document management solutions provider SmartVault announced the upcoming release of SmartRequestAI, a new tool designed to transform the way firms collect client information and documents during tax season.
These statistics highlight an undeniable reality: delivering outstanding CX is not optional—it is a strategic imperative, even in specialized sectors like taxtechnology. Retailers expect to have instant, accurate tax calculations at the point of sale to meet customer expectations for seamless transactions.
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.
Brian Tankersley, CPA, and Randy Johnston review Soraban , an AI-powered system that revolutionizes your practice’s client data intake process by automating and simplifying every step. Tankersley, CPA.CITP, CGMA 00:00 Welcome to the accounting Technology Lab sponsored by CPA practice advisor. They are Zapier integrated.
Jump to ↓ The promise of AI: More than just automation Building the ROI framework: What to measure and why Making ROI a habit in your firm From investment to insight Your firm just invested in cutting-edge AI tools. Three months later, partners are asking the inevitable question: “How do we know if this is actually working?”
A new survey from Big Four firm EY reveals that CFOs’ and corporate tax leaders’ stances on generative artificial intelligence have shifted over the past year—from mostly negative to mostly positive. Tax departments are expected to be the leaders for most organizations as they move quickly along the GenAI maturity curve.
As a tax, finance, or IT leader seeking to execute effectively and add strategic value in indirect tax and e-invoicing, you face a uniquely challenging environment. Yet, leading tax teams are overcoming these hurdles and taking steps towards change in incremental ways.
Blog home As artificial intelligence continues to rapidly evolve , a new concept is emerging that tax and accounting professionals need to be aware of: agentic AI. This type of AI advances from basic automation or content generation to developing systems capable of autonomously performing complex tasks and making decisions.
a provider of tax compliance automation software for businesses of all sizes, has announced new and innovative efficiencies for the lodging and hospitality sectors, with the release of Avalara Tax Content (ATC) for Lodging. To learn more about how your business can benefit from Avalara Tax Content for Lodging, click here.
A Top Technology Initiative Article by Randy Johnston. The outlook couldn’t be brighter with new opportunities, technologies, challenges, and clients looking to take advantage of your service offerings. In this column, I will illustrate portal and AI support with some new platforms that are examples of improved automation and AI.
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.
Prager Metis teams with Kearns Technology to launch "PM IT Services" Top 100 firm Prager Metis announced it has partnered with Canadian IT company Kearns Technology to launch a new company, PM IT Services, a digital solutions provider delivering cybersecurity, cloud modernization and managed IT services across North America and Europe.
Rebuilt on Karbon’s latest API, the new integration automates the entire client lifecycle, creating a seamless hand-off from signed agreement to payment to work delivery. Ian Vacin First introduced in 2018, the Ignition/Karbon integration is already used by accounting and tax firms of all sizes.
← Blog home The 2024 State of the Corporate Tax Department report by the Thomson Reuters Institute, in collaboration with tax executives, highlights the challenges and opportunities facing tax departments today. With talent shortages looming and technological advancements accelerating, tax departments are at a pivotal juncture.
Sales tax compliance software can seem like a valuable resource to remote sellers who struggle to calculate what they must collect from customers and remit to some of the more than 10,000 state and local tax jurisdictions around the country. And this kind of automation can work wonders – when it works right.
EDT 1 Min Read Facebook Twitter LinkedIn Email Andrew Harrer/Bloomberg Tax year 2026 and filing season 2027 are the target date for retiring the Filing Information Returns Electronic, or FIRE, system. The IRS is encouraging tax preparers to complete their IRIS applications to begin transitioning for the 2027 season.
Jump to The transformative potential of AI in advisory Breaking through traditional pricing models Empowering teams through technology Challenges and considerations when adopting tech and AI Embracing technology to unlock advisory services Today, many forward-thinking accounting firms are driving business growth through advisory services.
RSM, a major provider of assurance, tax and consulting services for the middle market, has announced a strategic business relationship with Additive to enhance tax service capabilities with the Additive generative AI platform.
Assessing a company’s sales tax risk and exposure starts (and maybe ends) with the right questions. As we saw in a previous blog, these questions cover a range of topics and hinge on knowing many sales tax terms. Are you comfortable with your sales tax nexus footprint? Are you comfortable with your sales tax nexus footprint?
Watch the video, or listen to the audio podcast below: Or use the below podcast player to listen: Transcript (Note: There may be typos due to automated transcription errors.) Tankersley, CPA.CITP, CGMA 00:00 Randy, welcome to the accounting Technology Lab sponsored by CPA practice advisor.
Highlights: Manual tax provision processes can be time-consuming and prone to error, especially for organizations operating in multiple jurisdictions. Modern tax provision software automates complex calculations, improving accuracy and saving valuable time for finance teams.
The role of IT is to support and maintain the systems that businesses use to calculate and manage indirect taxes (DT), ensuring that these systems are updated to reflect changing tax laws and regulations. With frequent changes in indirect tax laws, IT teams face the added challenge of continuously updating systems to ensure compliance.
As John Egan, CEO of L’Atelier, once noted, the bigger challenge to prediction isn’t forecasting technological change, but understanding societal change. Nor can we fly around in high-tech metal suits. For example, we dont yet have Tax Administration 3.0, For example, we dont yet have Tax Administration 3.0,
Today, the firm’s team of over 85 professionals delivers comprehensive services including audit, tax, business advisory, business valuation, fraud and forensic accounting, outsourced accounting, and wealth management consulting. Watch the video, listen to the audio, or read the transcript.
EDT 2 Min Read Facebook Twitter LinkedIn Email Top 10 firm RSM announced a $1 billion technology investment over the next three years to expand its AI strategy and offerings, particularly where it concerns semi-autonomous agents. "AI The investment will be devoted toward integrating agentic AI platforms across RSMs operations and services.
EDT 2 Min Read Facebook Twitter LinkedIn Email Payments platform Tipalti announced it has acquired Statement , an AI-powered treasury automation solution. Tipalti provides a suite of finance automation solutions for accounts payable, global payouts, procurement, employee expenses, corporate cards, supplier management and tax compliance.
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).
TaxDome said Thursday it has launched its new intake and delivery functionality, now fully integrated with Juno, creating a unified platform that offers end-to-end tax prep workflow—from proposal to payment—with automation at every step.
Jump to The power of AI in tax preparation How AI contributes to long-term sustainability in accounting Getting started with AI Are you ready to get AI in action for your tax and accounting firm? Workflow automation One of the most impactful contributions of AI in accounting lies in workflow automation. Heres how.
We organize all of the trending information in your field so you don't have to. Join 237,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content