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Is your firm overpaying for external hires?

Accounting Today

With accounting talent in short supply, many firms are paying a premium for external hires instead of promoting their internal talent. My firms compensation data, collected in 2024 and 2025, shows that accounting firms paid 7% more to bring in outside senior analysts in tax and audit than they paid internal staff in the same positions.

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Intuit debuts AI agents for QuickBooks

Accounting Today

In the months ahead, Intuit plans to debut more AI agents for larger growing businesses to tackle more complex tasks: Payroll Agent: Proactively collects time and attendance data from employees and runs payroll when needed.

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Tech news: TaxPlanIQ adds new features

Accounting Today

Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services.

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Boomer's Blueprint: 4 ways algorithms can improve your firm

Accounting Today

For example, by automating the collection and organization of financial data, an algorithm can generate trial balances and flag high-risk transactions for further review. Algorithms can facilitate the downloading of client financial data, preparation of a trial balance, and risk analysis through prior-year comparisons. All rights reserved.

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The next generation's view of risk management: career or steppingstone?

Accounting Today

This observation is backed up by longer-term data collected by the U.S. Make sure you're getting it all Accounting Today is a leading provider of online business news for the accounting community, offering breaking news, in-depth features, and a host of resources and services. Bureau of Labor Statistics.

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Tax Fraud Blotter: Sick excuses

Accounting Today

He failed to collect, account for and pay over payroll taxes to the IRS on behalf of each of these companies from 2014 to 2022, a total of at least $3.5 Oakland, New Jersey: Business owner Walter Hass, of Hewitt, New Jersey, has been sentenced to four years in prison for his role in a $3.5 million payroll tax scheme.

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Tax Fraud Blotter: Negative waves

Accounting Today

In 2012, the IRS assessed nearly $800,000 in taxes against Whitman for 2002 through 2009 and began trying to collect. In response, Whitman formed a trust with his girlfriend as the trustee then directed his income from the business into the trusts bank accounts and used the money to pay personal expenses.

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