While leaders express confidence in their own data to fuel their AI initiatives, they have also experienced material financial losses due to poor data governance, but this has not blunted efforts to implement AI.
Category: NYT Accounting News
DeSantis proposes axing taxes on most primary homes in Florida
The governor proposed to lift the exemption on homesteaded properties to $250,000, which would fully eliminate property taxes for 60% of Floridians.
In the blogs: Global tax gods
Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers.
Avoid these pitfalls with generation-skipping and dynasty trusts
Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.
IRS receives billions in unidentified payments
The Internal Revenue Service received approximately $3.2 billion in unidentified payments from fiscal years 2022 through 2024.
Centri scores $20M credit facility
Centri Business Consulting plans to use a $20 million credit facility from Citizens Financial Group for acquisitions and talent.
NASBA’s CPA exam reporting problems are improving, but not solved
New reporting changes represent meaningful progress, but inaccurate institutional attribution will distort university-level CPA exam outcomes in the 2025 data.
The AI Pecora Moment: who will conduct the examination?
AI governance is waiting its Ferdinand Pecora, counsel to the Senate Banking Committee in the 1930s, who built the evidentiary foundation for every protector system that followed.
CAS delivers ‘the keys to the kingdom’
Jim Bourke of Withum lays out why CAS is a crucial foundation for highly profitable advisory services.
Best Firms to Work For deadline is fast approaching
The last day to sign up to participate in the 2026 Best Firms to Work For is Friday, May 29.