The accounting profession is undergoing a profound transformation, driven by rapid advancements in technology, particularly artificial intelligence (AI) and automation. - @intuit #ai #technology #financials #cpa #accounting -

The CPA role has evolved beyond spreadsheets and audits. Clients and companies expect CPAs to be advisors, strategists and forward-thinkers. But the reality is many CPAs still spend too much time on manual tasks that slow down productivity.- #whitepaper -

Generate videos in just a few seconds. Try Grok Imagine, free for a limited time.

William Arthur Clawson—who defrauded clients by using their cash payments, which were intended to pay their income taxes, for his own personal expenses—was given a 24-month prison sentence on July 31.-

The deal is the financial services firm's third acquisition in the past year since receiving a $200 million investment in July 2024 from growth equity firms Summit Partners and Silversmith Capital Partners.-

Politicians and state leaders say they're focused on fast-tracking permitting decisions and working with regulators to ensure projects can connect to the grid before the tax credits phase out.-

Taxpayers shouldn’t bet the house that this recent tax change will be reversed and should instead prepare for their betting income to receive a different tax treatment starting next year.-

U.S. economic growth moderated through the first half of the year as consumers tempered their spending after a late-2024 splurge and companies adjusted to frequently shifting trade policy.-

The Financial Accounting Standards Board issued new optional guidance on July 30 regarding the measurement of credit losses for accounts receivable and contract assets.-

A fast-growing solution is the digital vault: a secure, cloud-based platform for storing and sharing everything from wills and health directives to insurance documents and passwords. @aarp -

Jason Crace, CPA, was sentenced to three years in prison on July 21 for preparing false tax returns for clients who participated in an illegal tax shelter.-

Inflation continues to plague back-to-school shoppers, but less so than in years past, according to a new Bankrate survey, perhaps indicating Americans have become more accustomed to paying higher prices.-

A new report reveals a growing gap in AI adoption between senior leadership and frontline staff: while 72% of C-suite/VP executives use AI daily, only 18% of individual contributors (ICs) do the same.-

Richard Mandarino, 46, of Scarborough, Ontario, who pleaded guilty last year to a federal wire fraud charge, was sentenced to two years and two months in federal prison and ordered to pay more than $1.8 million in restitution to his victims.-

Gen Z workers are questioning the value of college, rethinking corporate paths, and increasingly considering hands-on, AI-resistant careers.-

Business owners have shared concerns about cuts to Medicaid and other health care programs, while the U.S. Chamber has praised the new law as pro-growth.-

On MSNBC’s “Morning Joe,” Eugene Robinson walked Treasury Secretary Scott Bessent through addressing the “confusion” when it comes to whether a U.S. importer or another country would have to pay for tariffs.-

In this special podcast, Brian Tankersley, CPA, and Randy Johnston welcome Wolters Kluwer tax law expert Mark Luscombe, CPA, to discuss the key changes to tax law with the passage of the One Big Beautiful Bill Act.-

The Internal Revenue Service today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.-

Randy and Brian visit the tradeshow floor of the 2025 Scaling New Heights conference, one of the largest educational and networking events for accounting and tax professionals.-

The results of a new survey published by the AICPA on July 21 show that many Americans don't think about their finances when it comes to natural disaster preparation.-