13+ hour, 25+ min ago  (1012+ words) Accounting firms have built up a whole arsenal of strategies to cope with the shortage of new talent, but staffing issues are still top of mind for firm leaders." Tulsa, Oklahoma-based Hogan Taylor's CEO Randy Nail summarized the issue: "Capacity…...

13+ hour, 19+ min ago  (530+ words) A New York lawmaker aims to reopen negotiations to expand the state and local tax deduction after US lawmakers raised the cap on the break to $40, 000 last year " if Congress attempts to pass a second tax bill before the midterm…...

13+ hour, 26+ min ago  (359+ words) Registered investment advisor Soltis today acquired GDM Private Financial Solutions, the latest example of client demand for integrated wealth and tax planning services." GDM, based in Bellevue, Washington, provides accounting, tax and advisory services to small and midsized businesses and…...

19+ hour, 48+ min ago  (386+ words) Big Four firm Ernst and Young announced the global embedding of enterprise-scale agentic AI in its assurance engagements, meaning that all audits will now use the technology in its firms worldwide." "Extensive work has been carried out to redesign training,…...

20+ hour, 12+ min ago  (18+ words) Policymakers said they would need to remain "nimble" as they weighed the impact the war had on inflation....

16+ hour, 24+ min ago  (384+ words) Modus, an AI-native audit technology platform and holding company, has raised $85 million to invest in and partner with audit-first accounting firms. The Seed and Series A funding was led by Lightspeed Venture Partners, with participation from Comma Capital and Garry…...

17+ hour, 38+ min ago  (384+ words) AI-focused accounting and bookkeeping automation platform Digits introduced outcome-based pricing just for accounting firms, charging based on its ability to automate their work." CEO and founder Jeff Seibert said it bluntly in a statement:" "As an engineer, I've never been…...

19+ hour, 44+ min ago  (480+ words) Recently I gave my Accounting Ethics class this assignment: Part 1: Choose a topic for an accounting ethics paper and have an AI program write it; Part 2: Critique the AI paper. What did it do well? What did it do poorly?...

19+ hour, 44+ min ago  (795+ words) Accounting firm profitability has long been defined by a simple formula: a third of revenue goes to staff, a third to infrastructure, and a third becomes profit. This "rule of thirds" was the north star used to gauge lean, healthy…...

1+ day, 1+ hour ago  (908+ words) The part of my job I love the most is speaking with accounting professionals each week, and connecting with the small and midsized businesses we jointly serve. Lately, those conversations have been pointing me toward the same conclusion: what triggers…...