For many firms, a technology that was meant to make things better may instead prove to be yet another tax season headache.

Accounting and IT departments have long been working in silos, which often leads to numerous operational challenges. Accountants taking on the role of tech advisors can bridge this gap.

CPAs dealing with the new 1099-DA rules this year are challenged by the fact that they only report gross proceeds this year, leaving them and their clients to calculate cost basis themselves.

The Internal Revenue Service vastly overstated the projected costs of operating the free tax prep program before terminating it, according to a new report.

The average growth rate for accounting and financial services firms has fallen from an all-time high of 13% to less than 10% today, the lowest in five years.

Paul Griggs, CEO of PwC, said they plan to adjust billing model to factor in AI, potentially without even a human professional in the loop, and added that if any humans have a problem with it they have no place in this firm.

AI can now do most of the boring work, which raises the question of what the humans will be doing. According to vendors featured during the IMA's Technology Showcase, the answer is reviewing the work the AI does.

Plus, EY announces new software development model; SAP touts new integrations, features for Concur; and other accounting tech news and updates.

Accounts payable processes once ran on predictable inputs. That world has changed.

Finance, accounting and tax employees are feeling more threatened about their job prospects due to the rising use of artificial intelligence by employers, according to a new survey.

The IRS issued a notice extending temporary relief for another year on using alternative methods for brokers of digital assets, such as cryptocurrency.

Today, we all have an opportunity to move beyond a compliance exercise measured in credit hours and embrace CPE as a strategic engine that drives innovation.

Auvenir, an accounting and compliance technology provider founded as a Deloitte venture, has officially launched as an independent company that now styles itself Streamworks Tech.

The Securities and Exchange Commission and the Commodity Futures Trading Commission issued an interpretation of how federal securities laws apply to crypto.

AI-focused accounting ERP provider DualEntry tested some of the most popular AI models on various accounting workflows and found that, at best, they're 77.3% accurate.

AI is rewriting the org chart of the modern CPA firm.

While Xero has spent years adding AI features, this is the year it intends to spread the technology throughout the core of its product.

While AI is suitable for some tasks and use cases, there are other tax applications that are simply too risky, whether from an economic or security standpoint.