Most accountants came out of tax season measurably damaged, according to a new index.
Category: NYT Accounting News
Black Ore spotlights tax and AI at Nasdaq
AI tax startup Black Ore hosted a series of discussions on the growing role of AI in making tax preparation and planning more efficient.
Scaling finance amid skill gaps
CFOs are pushing aggressively to digitize finance, but finding talent shortages and skill deficits — not technology — are now the biggest barriers to progress.
Poor data governance not just embarrassing, it’s expensive
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.
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.