Practice Management

Basis, an AI agent platform for accountants that reached a $1.15 billion valuation, debuted a website that provides a tribute to the accounting profession.

The Council of the District of Columbia unanimously advanced Bill 26-494, which now awaits the review of the D.C. mayor and Congress.

Blue J offers accounting professors free access; Canopy touts full tax automation with no handoffs; 4impactdata's 4ID Foresight surfaces risks and opportunities for firms; and other accounting tech news and updates.

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.

AI essentially shines a light on the structural disparities that have long existed within accounting firms.

The Internal Revenue Service has raised the optional 2026 standard mileage rates for deducting expenses for the remainder of the year thanks to inflation.

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.

Firm360 announced new tax prep automation capacities via an integration with Juno.

The Top 100 Firm is getting a majority investment from Lightyear Capital, while its previous investor, Unity Partners, will maintain a minority position in the firm.