IRS reopens voluntary disclosure to fix $1B in ERC claims
For a limited time, businesses can fix incorrect Employee Retention Credit claims without penalties or interest.
Tech news: Sage Intaact touts enhanced features for global market
Sage Intaact touts enhanced features for global market; Certinia’s Summer 2024 release focuses on efficiency; Korean payments company SentBe goes global; and other accounting tech news.
Tax Fraud Blotter: In the gutter
Host of problems; comp it; plan to fail; and other highlights of recent tax cases.
Reflections from Xerocon Nashville
The first thing people ask after I attend a Xerocon event is, “Well, how was it?” It’s such a simple question, and yet if you’ve ever attended Xerocon, you’ll understand why it’s so hard to answer. How do I describe the excitement around Xero’s latest innovations? The in-depth discussions on industry trends? The connections made …
Xero’s JAX said to tame gen AI hallucinations
Diya Jolly, chief product and technology officer with Xero, touted its proprietary gen AI assistant JAX, which she said controls hallucinations for enhanced accuracy.
PCAOB sees audit deficiencies level off at largest firms, but problems remain
A new set of inspection reports of the most frequently inspected firms has been released earlier than usual.
America’s hydrogen-fueled future stalls over tax credits
Two years after a landmark climate law promised to kick-start green hydrogen production with tax credits, companies still don’t know who will qualify.
Is the ‘Trusted Advisor’ a thing of the past?
Gary Shamis traces the evolution of the “Transactional CPA” firm.
Xero announces new features on bank recs, compliance, payments
Diya Jolly, Xero’s chief product and technology officer, announced several new products and enhancements for bank reconciliations, payments, compliance and more.
Xero to focus on accounting, payroll, payments in US, UK and Australia
Sukhinder Singh Cassidy, CEO of Xero, outlined her “Win On Purpose” strategy, which involves a focus on accounting, payments and payroll in the US, UK and Australian markets.