QuickBooks Online Accountant gets AI injection

Intuit wants ProAdvisors to know it is serious about automation — not just embedding it into its QuickBooks platforms, but also getting accountants to use the capabilities to their fullest potential.


Client demand and needs drive new service development

Well more than half of accounting firms offer more than three distinct services to business clients.


Democrats probe opportunity zone abuses with investigation, GAO report and legislation

Sen. Ron Wyden, D-Ore., the top Democrat on the Senate Finance Committee, teamed up with several of his fellow Democrats on new legislation and investigations of reported abuses of the opportunity zone tax break for real estate investors.


IMA aims to improve managerial costing systems

The Institute of Management Accountants has released a new report explaining how accountants can improve their organization’s costing models, tools and information to support better decision making.


Sales tax nexus post-Wayfair: Addressing the risks

The wait is over to see how states will respond to the Supreme Court decision as nearly every state has adopted economic nexus laws or guidance.


Audit committees need more transparency: report

Despite new CAMs requirements, disclosures are still needed about how audit committees are interacting with their auditing firms, according to the CAQ and Audit Analytics.


Hard forks, hard tax: IRS issues guidance on unplanned crypto forks

Tax attorneys, accountants and cryptocurrency investors have been asking for this guidance for years.


NYSSCPA to hold student event in Rochester

The New York State Society of CPAs’ Rochester Chapter will host local high school students for a one-day event on career opportunities in the profession.


IRS increases tax deductions for 2020

The Internal Revenue Service issued its annual inflation adjustments for dozens of tax items and tax schedules.


IRS increases 401(k) contribution limit to $19,500 for 2020, raises catch-up limit to $6,500

The Internal Revenue Service issued its annual inflation adjustments for retirement plans.