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In the fiscal year ending in July 2023, Intuit received $106 million in federal research and experimentation credits, which amounted to about 4% of its total R&D expenses.

It's not all about AI. Solutions providers also stressed the need to keep up with regulations, evaluate tech stacks, and embrace innovation, among other things.

Auditor disclosures of client-specific quantitative materiality thresholds, which are required in the U.K. but not the U.S., could be encouraging some businesses to massage their earnings reports.

The double taxation treaty between the U.S. and Hungary has been terminated as of Monday.

A study finds the negative effects of such events can lead to pessimistic risk assessments of financial reporting choices and a decline in accrual-based and real earnings management for companies in the impacted areas.

The Wayne, Pennsylvania-based firm has expanded to Marlton, New Jersey.

A new online registry opened Monday where companies need to disclose who truly owns or controls them.

Narrower criteria reduced the number of qualifying models from about two dozen. The new rules exclude from the tax credit vehicles that use battery components made by Chinese manufacturers.

What do these changes mean for taxpayers and how can accountants help manage the impact?

When asked what advice they had for accountants in 2024, there is one thing that company after company suggested: learn AI.