Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
Accounting April 23, 2025
SoftLedger Launches Enhanced Bank Reconciliation Capabilities
SoftLedger, a provider of accounting software for multi-entity organizations, has added automation to further simplify the reconciliation process, enabling a faster monthly close.
Accounting April 23, 2025
Canopy Secures $70 Million Series C to Unclunk Accounting Firms with AI
Canopy has announced a $70 million Series C funding round. Viking Global Investors, a global investment firm with over $51 billion in capital under management–led the round.
Auditing April 23, 2025
PCAOB Punishes NYC-Based CPA Firm and Managing Partner For ‘Substandard Audit Work,’ QC Violations
Accounting firm Adeptus Partners was fined $75,000 and managing partner Howard Krant was sanctioned $50,000 on April 22 for breaking the rules during the audits of two technology companies.
Accounting April 23, 2025
Bill Adds New Features for Procurement, AP, AR, Spend Management and Other Functions
Bill, the maker of a cloud-based management system for small and midsize businesses (SMBs), has added new procurement capabilities and several other meaningful innovations to help businesses and accountants take control of their cash flow.
Accounting April 23, 2025
AuditFile Launches New AI Audit Agents Feature
The AI Audit Agents autonomously plan, execute, and follow up on audit tasks, while keeping the human auditor in control with real-time approvals and feedback.
Taxes April 23, 2025
Ex-Treasury Secretary Says Trump ‘Attack’ on IRS Risks $1 Trillion Revenue Hit
Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.
Financial Reporting April 23, 2025
Bill360 and printIQ Partner for AR Automation and Embedded B2B Payments
The integration eliminates friction from financial operations in the print industry and enables businesses to get paid faster by directly embedding Bill360’s automated invoicing, payment acceptance, and receivables management into the printIQ platform.
Technology April 23, 2025
Vertex Invests $15 Million in AI Tax Compliance Startup Kintsugi
Terms of the agreement include a $15 million minority investment representing a 10 percent ownership interest, as well as IP sharing and a commercial arrangement.
Advisory April 23, 2025
Stop Running in Place: 12 Competencies for Building a Future-Ready Firm
Where are you consistently noticing leadership gaps, process inefficiencies, or talent shortages? Those aren't just pain points—they're opportunities for ongoing growth.
Technology April 23, 2025
Financial Cents Adds New Billing Feature For Accounting Firms
The billing feature enables firms to bill clients on time, follow up on invoices automatically, get paid faster, and improve AR turnover.
Accounting April 22, 2025
PwC and Google Cloud to Advance Strategic Alliance Deal to Transform Tax Compliance Services
The collaboration will leverage Google Cloud's broad AI and agentic AI abilities to increase the value that heads of tax and finance functions can deliver to their stakeholders.
Taxes April 22, 2025
Millionaire Tax Would Generate About $400 Billion in Revenue
A Republican proposal to tax income over $1 million at a 40% rate could generate around $400 billion over a decade, according to estimates from the Budget Lab at Yale and the Tax Foundation.