Inside KPMG, its tax professionals are leaning on generative artificial intelligence to help corporate tax departments prepare for new requirements to disclose their tax obligations by country. Its clients have been given access to that “virtual assistant” for help gathering tax data and guiding them through the analysis and drafting of reports on what taxes…
Tax and accounting firms are increasingly embracing generative artificial intelligence for some of their operations, but regulatory and ethical hurdles are slowing adoption. VIDEO: Can laws and regulations keep up with generative AI? The list of obstacles is long—data privacy concerns, an uncertain regulatory climate, a need for skills training and better internal systems, plus…
Looking to hire an accountant for your organization? Good luck. The declining number of people entering and staying in the accounting field is posing a significant challenge for public and private organizations. More than 300,000 U.S. accountants and auditors left their jobs in the past two years— a 17 percent decline in employed accountants and auditors from…
Jump to: In today’s ultra-competitive business landscape, being an accountant means far more than preparing tax returns or compiling financial statements. It’s about finding ways to set your firm apart—and there’s no better way to do that than by offering advisory services. With technology that automates traditionally manual tasks related to core tax compliance work,…
What started as 2 founders working out of their local library, evolved into 4 partners and 10 team members; to become the only Black-owned, female-led, advertising and communications agency with offices in Canada, the USA and The Bahamas, with plans for Africa and Europe. Post this Acquiring Toronto-based Gabriel PR was driven by a need…
As e-commerce continues to reshape business operations, understanding California’s nuanced local tax framework becomes increasingly vital for companies aiming to navigate and make the most of the state’s distinct local tax system. California boasts a unique system for sourcing and allocating local sales and use tax compared to other states. Its allocation system, characterized by…
