While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them, according to a new survey. Processing Content The survey, released Wednesday by Invoice Home, a developer of invoice template software, polled 2,003 U.S. consumers about their
While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them, according to a new survey. Processing Content The survey, released Wednesday by Invoice Home, a developer of invoice template software, polled 2,003 U.S. consumers about their
New York City Mayor Zohran Mamdani is proposing raising New York City’s property taxes for the first time in more than two decades and is looking to raid the city’s reserve funds to fill a roughly $5 billion budget gap. Processing Content “He’s put a pretty extreme option on the
Crypto tax problems often start with a simple accounting failure: You cannot prove your cost basis. Processing Content Cost basis drives gain or loss. When you cannot substantiate basis, the IRS may treat your basis as zero, which can effectively treat the full proceeds as taxable gain. The IRS can
One of the most rewarding aspects of my role as President and CEO of The Institute of Internal Auditors is the opportunity to engage with practitioners around the world. Hearing directly from those on the front lines of the profession is fundamental to how we operate as a global association
Evan Goldberg, Oracle NetSuite co-founder, executive vice president Oracle NetSuite introduced a host of new features and capacities built around agentic AI covering both process automation and data-driven insights during its SuiteConnect event in New York today. Processing Content Evan Goldberg, founder and executive vice president of Oracle NetSuite, said
The Internal Revenue Service has made only limited progress so far on its goal of achieving “paperless processing,” scanning only a tiny fraction of paper-filed returns last tax season, according to a new report. Processing Content The report, released Tuesday by the Treasury Inspector General for Tax Administration, found that
The U.S. Tax Court issued a ruling saying that innovations in livestock production can qualify for the research and development tax credit, establishing new case law in an emerging field. Processing Content In the ruling, issued Feb. 3, the Tax Court held in the case, George v. Commissioner, that experimentation
Intuit is retiring QuickBooks Online Accountant and replacing it with Intuit Accountant Suite. The shift will happen gradually starting this summer until, in December, the product will be discontinued. Firms using QBOA will be switched to the free Core plan during this time. Intuit will not put accounts on the
Bookkeeping, tax and outsourced CFO services company Pilot announced the new Pilot AI Accountant, touted as a full virtual worker that can autonomously run the entire bookkeeping and financial reporting process end to end with zero need for human intervention. Processing Content “We’re talking full accrual basis bookkeeping,” said co-founder