Many organizations are trying to scale automation on top of processes that were never designed for consistency or repeatability.
Category: NYT Accounting News
KPMG enters alliance with Anthropic
The alliance with Anthropic will embed Claude Cowork into KPMG’s global client delivery platform, beginning with tax and legal clients.
Intuit to lay off 17% of workforce
Intuit chairman and CEO Sasan Goodarzi announced the layoffs in a company-wide message.
SEC semiannual reporting option stirs friction
The Securities and Exchange Commission’s proposal for a semiannual reporting option has quickly provoked debate.
Intuit to sunset ProAdvisor Program, launch new ProPartner Accountants program
Early next year, Intuit’s ProAdvisor Program will be replaced with a new Intuit ProPartner Accountants program, integrated with Intuit Accountant Suite.
State AGs sue to stop Education Department loan restrictions
Attorneys general from 25 states and D.C. are suing the administration over rules limiting loans for graduate students in accounting and other professions.
In the blogs: Rainy days and Mondays
Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.
House passes bill protecting taxpayer due process rights
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.
AICPA backs bill limiting beneficial ownership reporting
The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses’ beneficial ownership information to FinCEN.
Trump’s IRS settlement includes dropping tax cases, audits
The Internal Revenue Service agreed not to continue any legal claims or investigations of the president’s past tax returns, adding to a controversial settlement.