Companies using artificial intelligence have a long way to go before people will fully trust them to help with their taxes, according to a recent poll.
Category: NYT Accounting News
In the blogs: The rubber and the road
Off and Bozo-ing; the 100% tariff; Johnston on hot trends; and other highlights from our favorite tax bloggers.
Accounting firms make wealth management deals
Maxwell Locke & Ritter sold its wealth management unit to Creative Planning, and Wright, Ford, Young & Co. teamed up with Integrative Partners.
Boomer’s Blueprint: AI and transformation … who is responsible?
AI is revolutionizing tax compliance services, expanding opportunities, and improving firm operations, while also improving the client experience and enhancing job satisfaction.
Fighting the DEI backlash: GRF pushes forward
GRF CPAs & Advisors, a Regional Leader firm in Maryland, rivals the Big Four in its DEI efforts and commitments.
Concerns abound over NOCLAR proposal to widen auditor duties
Friction simmers within the audit industry following the Public Company Accounting Oversight Board’s controversial June 2023 proposal to revise its standard on noncompliance with laws and regulations.
IRS investigating almost $9B in pandemic fraud
The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.
Alternative investments can come with tax friction, unpleasant surprises
Reporting requirements and asset location could loom large for clients seeking greater yield and diversification without thinking through payments to Uncle Sam.
11 steps for launching CAS
If your practice is launching a CAS practice — or you’re just in the initial planning and research stages — making sure you’re well-prepared is essential.
NYC’s delinquent property taxes soar
City officials attribute the trend to the end of a tax-lien sales program that punishes delinquency.