Category: NYT Accounting News

The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.

The Financial Accounting Standards Board’s recent income tax disclosure standard is revealing that many prominent U.S. multinationals are paying far more corporate taxes in other countries than at home, according to a new analysis.

While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them.

Federal attention to foreign influence in higher education has intensified.

Payroll data from Gusto finds that small businesses that use AI more tend to hire slightly more people, but this does not necessarily favor younger people in their early career, or those in heavily AI-exposed occupations.

Sage announced the latest version of its Sage Intacct solution, which now features AI agents for finance intelligence and data imports.

New York City Mayor Zohran Mamdani is proposing raising New York City’s property taxes for the first time in more than two decades.

The Bonadio Group is making greater use of artificial intelligence as AI makes further inroads in the accounting profession as well as other industries.

Taxpayers on average collected $2,290 in refunds through Feb. 6, according to IRS data.

The vast majority of professional auditors have expressed concern that AI tools, while helpful, risk undermining professional judgment and eroding the trust people have in the profession entirely.