How accountants can approach the rise of AI in their industry

Treating it as an opportunity, rather than a threat, is the first step.


Corporate tax cuts going toward share buybacks

Major corporations have authorized $200 billion in stock purchases in the two months since the passage of the new tax law while more than 55,000 American workers have been laid off, according to Senate Democrats.


CFOs spending more on digital transformation

The majority of finance leaders are increasing investment in their companies’ efforts to spur change through new technology, according to a new survey.


Excel on the way out?

CFOs used to see expertise in Microsoft’s spreadsheet program as the most important skill for FP&A staff. That is no longer true.


IRS extends relief to hurricane victims from Puerto Rico and Virgin Islands

The Internal Revenue Service has issued a notice extending the relief it provided last year to residents who evacuated or couldn’t return because of the damage caused by the monster storms.


IRS seeks to close hedge-fund tax loophole for carried interest

The U.S. Department of Treasury and the Internal Revenue Service issued guidance seeking to close a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.


Google Hangouts Chat release includes accounting bots

Hangouts Chat has been added to Google’s G Suite, along with integrated bots from Xero and Egnyte.


LNC Partners buys CrossLink Professional Tax

A private equity firm has acquired the family-owned Petz Enterprises’ professional tax software business.


IRS updates withholding calculator and Form W-2 for new tax law

The Internal Revenue Service wants taxpayers to make sure they have the proper amount of taxes taken out of their paychecks.


Israel puts church policy on hold after Holy Sepulchre tax uproar

Israel put proposed taxes on church-owned property in Jerusalem on hold after top Christian clerics in the city closed the venerated Church of the Holy Sepulchre to protest the planned levies.