Commercial banking

Kunju Kashalikar is vice president of product management at Pentaho with deep expertise in product development, data management and AI/ML technologies. Kashalikar has a proven track record of delivering products and solutions in the hybrid cloud in data management and Edge, leveraging design thinking.

In the age of AI automation, firms are developing staff with less on-the-job learning in repetitive tasks and more formal training and mentorship that emphasizes critical thinking and skepticism.

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.

Mark Piszko, CPA, is a partner at PKF O'Connor Davies. He has nearly 40 years of experience in providing auditing and consulting services to a wide variety of not-for-profit entities, including charitable organizations, religious entities, educational and cultural institutions and social services agencies that receive government funding. He is the partner-in-charge of the firm's not-for-profit practice area and is the firm's quality assurance partner for single audits.

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