Category: NYT Accounting News

For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

The firm, which now has more than 500 partners, said its deals practice shrank 4% and its audit unit was down 3.7%, while its tax business grew 3.4%.

Carcaught; a big shank; this order’s definitely to go; and other highlights of recent tax cases.

A tweak to the deductibility of gambling losses may not bring in a lot of tax revenue, but it could certainly alter a lot of wagers next year.

A study found that students underestimate the audit profession’s attractive aspects and overestimate its less appealing aspects.

Adding AI shouldn’t be about throwing automation at a problem. It’s more about how accountants use it evolve.

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

The move by the parent company of ChatGPT is meant to help imbue Thrive Holdings’ accounting and I.T. services companies with artificial intelligence tools.

CFOs are facing a convergence of pressures that make digital transformation not just attractive, but essential.

Plus, enhancements for TaxWiseOnline; EY announces EY.ai Tax Labs service; Vertex launches Configuration Agent for MS Dynamics 365; and other accounting tech news and updates.