Chris Gaetano is the technology editor for Accounting Today. He brings with him more than a decade of experience covering the accounting profession as part of the NYSSCPA's Trusted Professional. Prior to that, he was a local news reporter at Greater Media Newspapers in New Jersey. He graduated from Rowan University, in Glassboro, NJ.
The proportion of accounting firms offering "no touch" tax prep is projected to increase 37% in the next one to three years.
This year's roster of great new tools for accountants is heavily inflected with AI.
Plus, H&R Block releases Direct Import to move data from TurboTax; and other accounting technology news.
Tax solutions provider Avalara announced updates to its partner program.
ADP announced the launch of ADP Assist, a generative AI assistant.
Republican attorneys general from 13 states have signed a letter denouncing the IRS pilot of a Direct File system, calling efforts unconstitutional.
Top 25 firm Armanino released Audit Ally, a SOC 2 examination tool.
A recent survey has found that, despite an increasingly data-driven business world, 42% of finance leaders don't completely trust data from their own organizations.
A recently introduced bill would, if passed, require the IRS to add scannable bar codes to electronically prepared paper returns, to encourage process efficiency.
Plus, Prismatic launches multi-entity business solution with blockchain-like technology; and other accounting technology updates.
The Treasury Inspector General for Tax Administration faulted the IRS's cloud computing governance, saying it outright cannot find certain contracts.
Recent research from the Federal Reserve Bank of San Francisco says that working from home has little relationship with productivity, either positive or negative.
The Federal Trade Commission issued an order forbidding Intuit from describing its TurboTax software as free in any of its promotional materials unless the product is free for everyone.
Plus, ZenBusiness announces new beneficial ownership filing capacities; and other accounting technology news.
Tech giant Intuit has filed suit against H&R Block, accusing the tax prep giant of making false and misleading statements regarding prices.
A set of surveys has found that businesses are highly optimistic about the ability for generative AI to drive profits, but they're highly pessimistic about the wider social effects.
Thomson Reuters was the winner of a bidding war to acquire a majority stake in Swedish e-invoicing and tax solutions firm Pagero.
Plus, Intuit adds TurboTax to Credit Karma and QuickBooks; FreshBooks introduces payroll capacities; and other accounting tech news.
The Securities and Exchange Commission's approval came despite skepticism of the asset and its value, following an appeals court decision.
In this month's cybersecurity for CPAs, we look at a small firm whose cybersecurity was not keeping up with the times.