Plus, Sorren launches a human capital advisory services practice; Warren Averett named three local partners in charge of growth; and other firm and personnel news.
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AI essentially shines a light on the structural disparities that have long existed within accounting firms.
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As AI gets more integrated into accounting firm operations, you need people who already know how to work with AI, and how to give the right prompts and commands.
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The reason most AP AI fails an audit isn't necessarily due to architecture but because you cannot audit a process that the organization hasn't actually defined.
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For the 2026 Top Firms by Assets Under Management, managing the growth of their own practices is as much a challenge as growing their clients' wealth.
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The leading CPA financial planners with over $1 billion in assets under management, from Accounting Today's annual ranking.
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This year's top resellers in the accounting space say they're facing greater expectations on a number of fronts.
The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.
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A windfall in corporate profits for the largest banks has led to billions in extra tax revenue for New York City, shrinking the city's budget shortfalls.
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Shakira's fight with Spain's tax agency is set to head to the country's highest court after authorities challenged an earlier ruling in the singer's case.
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The former IRS contractor pleaded guilty to stealing Trump's tax data and leaking it to the New York Times before the 2020 election.
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The sanctions were tied to audits of the engineering service provider and government contractor's financial statements for the 2019 and 2020 fiscal years.
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Firm360 announced new tax prep automation capacities via an integration with Juno.
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- Tax Pro TodayTuesday, ThursdayThe latest news in tax regulations, legislation, and best practices to the informed accountant.
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Showcasing technologies that modernize the tax preparation process, using AI and integrated workflows. These can include: automating data intake, streamlining review and filing and improving accuracy and client collaboration.
Showcasing technologies that streamline firm operations and boost productivity across the entire accounting practice. These can include: automating client onboarding, task management, billing and workflow coordination.
- Partner Insights from Thomson Reuters
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