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AI solves one bottleneck for accountants, and creates another

Negro Elkha – stock.adobe.com Every major technology shift removes one constraint and exposes another. Cloud removed the constraint of location. Automation removed much of the repetitive work. Now artificial intelligence is making it dramatically easier to identify opportunities hidden inside mountains of client data. Processing Content That’s incredible progress. But

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KLR adds Massachusetts firm

Top 100 Firm KLR acquired Franklin, Massachusetts-based Pavento, Ratcliffe, Renzi & Co. Processing Content Pavento, Ratcliffe, Renzi offers specialized tax and accounting services, with industry focuses on family-owned businesses, health care, hospitality, life sciences and medical devices, manufacturing, not-for-profits, professional services ,real estate, renewable energy, technology, venture capital and private

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Shakira’s €55M Spain tax fight shines light on agency

Shakira thought she’d won. After a judge in April wiped out €55 million ($63 million) in tax claims against her, she dedicated her victory to “ordinary citizens who are abused and crushed every day by a system that presumes their guilt.” Processing Content Spain’s tax agency has since asked the

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Wall Street’s record profits boost NYC tax revenues

A windfall in corporate profits for the country’s largest banks has led to billions in extra tax revenue for New York City, shrinking the city’s budget shortfalls although not nearly enough to fund Mayor Zohran Mamdani‘s progressive agenda. Processing Content Business tax revenue in June was about 50.9% higher than

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Shakira tax win set to face Supreme Court appeal in Spain

Shakira’s fight with Spain’s tax agency is set to head to the country’s highest court after authorities challenged an earlier ruling that had erased €55 million ($64 million) in claims against the singer. Processing Content The appeal was filed with the Supreme Court by state attorneys on behalf of the

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AI will expose which accounting firms are built to scale

The conversation surrounding AI in accounting often steers toward the elimination of roles or the automation of routine tasks. However, the real transformation AI brings to the industry goes beyond mere replacement; it’s about exposure and clarity.  Processing Content AI essentially shines a light on the structural disparities that have

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Firm360 announces tax prep automation capacities

Accounting practice management solutions provider Firm360, in partnership with tax prep software company Juno, announced Firm360 AutoPrep, for firms doing tax prep on major tax software. Processing Content AutoPrep takes the client tax documents firms already collected in Firm360 and turns them into entered, verified data in their tax software,

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As AI replaces search, all roads lead to authority

Generative AI is quickly replacing search as the go‑to source for inquiries about complex accounting services. One side effect of that change is that traditional accounting thought leadership is being rendered invisible—unless it shows up as citation‑worthy evidence inside AI’s answers. Processing Content It’s not just accounting marketers that are

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Taxpayer group sues IRS over donor lists

The National Taxpayers Union Foundation’s Taxpayer Defense Center filed a lawsuit Monday against the Internal Revenue Service seeking to end the collection of private donor information from nonprofits, arguing it’s unconstitutional under the First Amendment. Processing Content The lawsuit was filed on behalf of Young America’s Foundation, a 501(c)3 conservative-leaning

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Companies receiving tariff refunds, at least for now

The Trump administration is in the process of refunding tens of billions of dollars in tariffs to importers in the wake of a Supreme Court decision in February invalidating them, but the threat of further tariffs has clouded the picture for companies turning to their accountants for help. Processing Content

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