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News
Estate of McKelvey highlights potential tax pitfalls of variable prepaid forward contracts
10+ mon, 1+ week ago (406+ words) Editor: Jessica L. Jeane, J.D. In Estate of McKelvey, 161 T.C. 130 (2023), the Tax Court resolved a long–simmering dispute regarding a little–known financial instrument called a variable prepaid forward contract (VPFC). The unique facts of the case produced an unfavorable result for the…...
Tech news: RSM equips auditors with Ask Luca AI tool
8+ mon, 4+ day ago (149+ words) RSM equips auditors with Ask Luca AI tool; DataRamp solution lets people process data without moving it; Rillet adds quarterly and annual financial reports, other features; and additional accounting tech news. Experts shared the tools, trends and technologies they think…...
Diligent launches AI tool for internal audit
6+ mon, 2+ day ago (253+ words) Business management solutions provider Diligent launched its new AuditAI solution, described as a strategic compliance tool that automates execution of internal audit tasks while delivering continuous, risk-aligned assurance. The company debuted the AI tool at the Institute of Internal Auditors…...
Running a firm? Get a system — any system
7+ mon, 1+ week ago (358+ words) Overnight success sometimes happens by accident, but long-term success never does. It requires structure and discipline, a single direction, discipline, clear goals, structure, a unified team, discipline, accountability, and structure — but above all, it requires discipline and structure. What matters…...
TCV, Blackstone back French accounting software
7+ mon, 3+ week ago (186+ words) Pennylane, a French startup that sells accounting software, has raised €175 million ($204 million) in a funding...
Digits touts firm-specific AI models, new partner program
11+ mon, 1+ week ago (397+ words) AI-native general ledger solutions provider Digits announced the release of its AI Firm Models—available exclusively through the new Digits Accountant Partner Program—which are meant to adapt to accounting practices by learning continuously from client data, staff workflows, and…...
Tools for taxi drivers
9+ mon, 4+ week ago (223+ words) While I'm willing to recognize that it's harder to be a cabbie than in the past, it's difficult to be sympathetic when so many of them refuse to use two incredibly powerful tools — one that's relatively new, and one that's…...
Software stock dogs have joined market rally. There's a classic investing lesson in the
4+ mon, 3+ week ago (694+ words) Cybersecurity and enterprise software stocks have been market dogs since the start of 2026,...week by 13%. A big driver of the pummeling in software stocks was a rotation within tech by investors...cybersecurity stocks and ETFs are heavily weighted towards software…...
NetSuite touts AI enhancements
11+ mon, 4+ day ago (262+ words) Business solutions provider Oracle NetSuite hailed the release of NetSuite Next, a cloud-based AI-driven ERP solution with embedded conversational intelligence, agentic workflows, and natural language search capabilities, which the company touted as "the future of NetSuite." Customers can switch to…...
Top apps for accountants 2025
11+ mon, 1+ week ago (160+ words) accounting profession now lives in a world awash in software solutions, ranging from your typical everything-but-the-kitchen-s...