While Xero has spent years adding AI features, this is the year it intends to spread the technology throughout the core of its product.
Category: NYT Accounting News
PCC shares annual report
The report highlights the PCC’s accomplishments and activities from the year, its agenda priorities, stakeholder engagement and strategy moving forward.
Mystery shoppers find widespread problems at tax preparers
Undercover investigators found pervasive incompetence, fraud and significant errors among a sample group of non-credentialed tax preparers in half a dozen states.
Rhode Island, Louisiana introduce alternative pathways bills
The bills would remove the 150 credit-hour requirement and replace it wth three new pathways.
IRS navigates tax season amid staffing cuts
The IRS managed to get through last filing season despite extensive budget and staffing cuts, according to a GAO report, but is facing tax changes this year.
SCOTUS weighs case involving foreclosure to pay off tax debt
The Supreme Court heard arguments in a case revolving around whether a county violated the rights of a homeowner whose home was foreclosed on for owing taxes.
Some states are ‘decoupling’ from OBBBA tax changes
While Republican-led states are mostly adopting the various tax changes from the One Big Beautiful Bill Act, some states led by Democrats are refusing to go along.
Bessent no longer acting IRS commissioner
The Internal Revenue Service confirmed Treasury Secretary Scott Bessent’s term as acting IRS commissioner has expired, although he will continue to oversee it.
PCAOB launches auditor fellowship program
The Audit Practitioner Fellowship Program will allow auditors to share their expertise with PCAOB staff.
Tech news: EisnerAmper auditors will have new AI Audit Design Agent
Plus, Digits’ payroll integrations goes from 1 to 18; Campfire announces Ember Agents; and other news and updates from the accounting tech world.