Taxes May 12, 2025
IRS: No Change to Tax Interest Rates for Q3 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on May 12.
Auditing May 12, 2025
PCAOB Gives Auditors More Video Resources on New Quality Control Standard
The PCAOB has posted a brand-new set of staff presentation videos designed to help audit firms and auditors implement four areas of their quality control system under QC 1000, A Firm’s System of Quality Control.
Taxes May 12, 2025
IRS Opens 2026 Low-Income Taxpayer Clinic Grant Application Period
Under Internal Revenue Code Section 7526, the IRS awards matching grants to qualifying organizations to develop, expand, or maintain an LITC. Eligible organizations may request up to $200,000 for the 2026 grant year.
Auditing May 12, 2025
Study: 73% of Global Companies Sought Assurance on Sustainability Reporting
A new report from the AICPA & CIMA and the International Federation of Accountants found that nearly three in four of the largest companies sought assurance on some aspect of their sustainability disclosures.
Accounting May 12, 2025
Crowe Expands OpenAI ChatGPT Enterprise Access
The top 15 accounting firm said it's one of the few firms in the profession to deploy ChatGPT Enterprise across all personnel, unlocking innovation and accelerating client outcomes.
Technology May 12, 2025
Avalara to Kick Off CRUSH on Tour in June
CRUSH on Tour—a new, free, one-day event series bringing Avalara's latest innovations directly to customers—will be held in Chicago and New York City next month, with additional cities to follow.
Accounting May 9, 2025
TaxPlanIQ Hosts Free Virtual Tax Advisory Summit
The one-day free virtual summit, "2025 Tax Advisory Summit: Work Less and Earn More," on May 16 aims to provide a complete playbook for firm owners looking to start offering or enhance their existing tax planning and advisory services.
Technology May 8, 2025
Aiwyn Acquires Taxa, Launches Aiwyn Tax
The addition of its new tax solution allows Charlotte, NC-based Aiwyn to deliver core tax capabilities within the Aiwyn ecosystem, including automated preparation, AI-enabled review, and real-time collaboration.
Technology May 8, 2025
Ignition Launches AutoCollect to Help SMBs ‘Wipe Out’ Late Payments
With AutoCollect, customers can automatically import and get paid for invoices created in their accounting software, including QuickBooks Online and Xero, directly within Ignition.
Technology May 8, 2025
Gusto Picks Melio to Launch Bill Pay and Invoicing Solution
Melio and Gusto are partnering to make it easier for small and midsized businesses to pay employees, contractors, vendors, and get paid via invoices from one platform.
Technology May 7, 2025
HubSync Secures $100M Investment From Private Equity Firm Thoma Bravo
The investment from Thoma Bravo is expected to accelerate Franklin, TN-based HubSync's product roadmap and customer service, as well as enable continued growth and innovation.
Auditing May 7, 2025
AI Adoption by Internal Auditors Set to Double by 2026, Survey Finds
Artificial intelligence is set to transform internal audit in 2026, with adoption expected to double next year to 80% from its current adoption rate among internal auditors of 39%, according to new research from Wolters Kluwer.
Contributors
Amy Vetter
CPA, CITP, CGMA
Becky Livingston
Accounting & AI Marketing Consultant
Brian Tankersley
CPA, CITP, CGMA
Garrett Wagner
CPA, CITP, CEO and Founder of C3 Evolution Group
Jim Boomer
CPA, CITP, CEO
Ken Berry, JD
CPA Practice Advisor Tax Correspondent
Kristy Short, Ed.D.
Accounting Content Specialist
Mary Girsch-Bock
Contributing Writer
Randy Johnston
MCS, MCP
Roman Kepczyk
CPA, CITP, CGMA
