Oracle NetSuite introduced a host of new features and capacities built around agentic AI covering both process automation and data-driven insights.
Category: NYT Accounting News
SEC swears in new PCAOB chair, board members
Demetrios “Jim” Logothetis was sworn in as chair along with two new board members, Mark Calabria and Steven Laughton, just over a week after they were named.
Senate blocks resolution to overturn CAMT guidance
The Senate blocked a resolution that would have disapproved of recent guidance from the Treasury Department weakening the corporate alternative minimum tax.
IRS falls far short on paperless processing goal
The Internal Revenue Service made only limited progress in scanning a tiny fraction of paper-filed returns last tax season, according to a new report.
IRS picks new vendor to run EA exam
The Internal Revenue Service has awarded a contract to PSI Services to develop and administer the examination for Enrolled Agents to earn their tax credential.
IRS learned lessons from ERC fraud wave
The Internal Revenue Service has now closed nearly all outstanding claims for the employee retention credit aside from 41,000 claims still under exam or appeal.
IRS expands Tax Pro Accounts
The Internal Revenue Service is adding capabilities to the online Tax Pro Account, allowing firms to specify which staff members are authorized with CAF access.
Tax Court sets precedent on R&D credit for agriculture
The U.S. Tax Court ruled that innovations in livestock production can qualify for the research and development tax credit, establishing new case law.
Botkeeper shuts down
Bookkeeping automation solutions provider Botkeeper is closing down. The company made the announcement over the weekend.
How to tackle the rise of AI-generated receipts
Users can log in to free apps like Google Gemini or ChatGPT and create realistic-looking, fraudulent documents — such as fake receipts or invoices — in seconds.