BEST

Practitioner coalition urges IRS to step up for tax season

By Roger Russell       3 min read

The groups want the service to reduce unnecessary burdens on taxpayers and tax preparers. Read story →

IRS having difficulty processing power of attorney forms

By Michael Cohn       10 min read

The tax season that’s due to open when the Internal Revenue Service begins accepting tax returns next Monday is promising to bring a host of challenges.  Read story →

AI-powered tax platform April launches after $10M seed round

By Danielle Lee       2 min read

The company uses natural language processing and human-assisted AI, along with partnerships with financial institutions, to streamline the tax preparation process and more closely align it with financial wellness. Read story →

KPMG director fined $203,800 for misleading audit inspectors

By Katharine Gemmell       1 min read

Stuart Smith, a former audit director, took responsibility for misleading the U.K. audit watchdog, and said he was “reckless” as to whether he was misleading inspectors. Read story →

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IRS sets sights on NFT investors owing billions in taxes

By Allyson Versprille       3 min read

It’s one of the hottest corners of crypto — and now the U.S. government wants its share of the profits. Read story →

IRS begins requiring new ID system for accessing online accounts

By Michael Cohn       2 min read

The Internal Revenue Service has implemented a new verification process for taxpayers who want to access their online tax accounts and self-help tools that includes taking a selfie and submitting a photo of their driver’s license or passport to a third-party service, ID.me. Read story →

TV and movie stars reenact real accounting struggles

By Michael Cohn       2 min read

Performers from shows like “The Sopranos” and “The West Wing” were hired by software company DataRails to narrate examples of real-life problems with financial planning and analysis. Read story →

BKD expands into Arizona

By Daniel Hood       1 min read

The Top 15 Firm has moved into the Phoenix market with the acquisition of Mesa-based Schmidt Westergard. Read story →

House Democrats introduce bill to speed tax refunds for EITC recipients

By Michael Cohn       3 min read

Two leaders of Congress’s main tax-writing committee introduced legislation Friday to undo tax refund delays for recipients of the Earned Income Tax Credit who file their taxes early. Read story →

5 pain points CPAs face around info management

By Ville Somppi      

Archaic and outdated ways of managing information are hindering firms’ ability to navigate disruptions, curb competition and innovate.  Read story →

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