Bob Scott

Bob Scott

Avantax to Be Acquired

Avantax, which reaches the financial planning market through advisors, is being acquired by Cetera Financial Group. The all cash-deal, valued at about $1.2 billion, marks the end of the final piece of Blucora, which had sought to bring together tax software and financial planning.


Thomson: AI to Boost Firm Profits

 The use of artificial intelligence will increase profits for professional service firms, Thomson Reuters has predicted a recently issued report, “Future of Professionals”.


IRS Prioritizes High-income Cases

The Internal Revenue Service plans to intensify its work on accounts of high-income taxpayers, and will increase its use of artificial intelligence on large partnerships. The IRS said it will also ensure audit rates will not increase for those earning less than $400,000 a year.


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