Business solutions platform Xero announced it will acquire cloud-based reporting, insights analytics platform Syft.

The Treasury Inspector General for Tax Administration, in two reports, critiqued the IRS on cybersecurity for both its data warehouse and its cloud infrastructure.

The accounts are expected to grow by another trillion dollars over the next decade because of their tax and flexibility advantages, Daffy CEO Adam Nash said.

Wolters Kluwer announced major enhancements to CCH Axcess Audit, which works with numerous other modules in the suite to produce more detailed insights and workflow integration.

Plus, Gusto announces "Gus" AI; Boost launches cross-border payment solution; and other accounting tech news.

Gartner estimates that, by 2026, around 80% of independent software vendors will embed gen AI capabilities in enterprise applications, versus less than 1% in 2023.

Thomson Reuters unveiled its AI-powered Audit Intelligence suite, and its first solution, Audit Intelligence Analyze, to identify anomalies and generate documentation.

Oracle NetSuite announced major AI-related enhancements to numerous products across its product suite.

Tax targets; getting creative; one SALT workaround; and other highlights from our favorite tax bloggers.

Stampli unveiled Stampli Cognitive AI, which sports what it says are "human-level" purchase order matching abilities.

Recent projections showing that we could have a deficit of up to 3.5 million accountants by 2025.

Plus, Certinia Customer Success Cloud now generally available; Zamp launches tax solution "Z"; and Paystand expands into Canada.

In this installment of The Fundamentals, we asked firm leaders and tech experts the basics of selecting solutions for tax preparation.

Intuit announced major upgrades to its GenOS system, bolstering its development capabilities in generative AI.

HR and payroll solutions provider Paylocity announced it has bought spend management software company Airbase for $325 million.

The state of Maryland has become the latest to sign up for the IRS Direct File program for filing season 2025, offering residents a free way to file their taxes.

The program has been used internally and is now available for non-audit clients for Pillar Two and U.S. international tax calculations.

The rapid adoption of gen AI has created opportunities for accounting firms — but also challenges.

While small businesses still primarily use accounting software to record and manage transactions, the percentage using paper actually increased

Microsoft researchers believe they have found a way to overcome the traditional challenges generative AI large language models have had with using spreadsheets.