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AI is increasingly taking on the routine repetitive tasks that, in the past, were handled by entry-level accountants, raising questions.

Lawmakers introduced two pieces of legislation to completely eliminate taxes on Social Security benefits and extend the premium tax credits for health insurance for one year

Elevate, a new family office-backed platform firm, made its first acquisition with TYS Advisors, effective Aug. 1.

Plus, ADP launches wave of new AI features; Deloitte announces AI Infrastructure Center of Excellence; and other accounting tech updates.

The executive order aims to strengthen accountability over the spending of taxpayer funds through improved oversight and coordination of grantmaking.

The bureaucratic burden is a less-discussed consequence of Trump's move to hike import taxes to a hundred-year high.

The economy showed further signs of a slowdown as the unemployment rate edged up one-tenth of a point to 4.3%.

Xero announced new and upcoming agentic capacities for its Just Ask Xero (JAX) AI model, which the company now dubs a "financial superagent" as it will independently complete certain workflows.

The State Department can disclose tax return information to contractors who help revoke or deny a passport of anyone with a seriously delinquent tax debt.

Leaders of corporate audit committees are confronting new and emerging challenges, according to a new report from Deloitte.