The Internal Revenue Service will limit tests of its Direct File program to 13 states during the 2024 tax season. Taxpayers can e-file federal tax returns for free under the program.

Xero is utilizing generative AI in Xero Central to gives support system the ability to provide answers to users more quickly.

Net revenue for accounting firms showed a 9.1-percent increase in the fiscal 2022 median growth rate over the prior year, according to a recently released survey by the AICPA and CIMA.The findings were included 2023 National Management of an Accounting Practice (MAP) Survey in which 1,117 firms participated.