As part of Prime Minister Keir Starmer’s efforts to grow the economy, the UK audit regulator plans to cut the number of inspections it does.
Category: NYT Accounting News
Amateur builds tax prep software with AI
A journalist with no coding or tax prep experience at all has created his own tax filing app but needs experts to stress test it since all the code was written by AI.
EisnerAmper signs up for another tour with TowerBrook
Instead of a “flip,” Top 25 firm EisnerAmper completed a continuation vehicle with its current private equity partner, TowerBrook.
Georgia bill would cut billions in corporate tax breaks
Major companies are fighting against the legislation’s attempt to cut income taxes in the Peach State.
Microsoft warns tax pros that they’re phishing targets
Software giant Microsoft sounded the alarm about the rise of several new phishing campaigns taking advantage of the tax season to steal credentials and plant malware, some of which target accountants specifically.
Tackling tax season’s final stretch
Tax preparers are guiding clients through the last weeks of an active filing season.
How Daily Money Managers Help Busy People With Their Finances
Daily money managers generally help older adults and the wealthy, but busy professionals are increasingly using their services when they get behind.
IRS cut back on large partnership audits
The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.
AI driving firms, clients to revisit pricing models
A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.
In the blogs: Take the high road
Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.