Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
This article explores the transformative impact of cloud technology on accounting practices, highlighting efficiency, security, and collaboration advantages.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
Wolters Kluwer has added Generative AI to CCH AnswerConnect. The company this week also introduced AI Labs, available by invitation only, for clients to preview beta versions of AI features in development.
WK said GenAI would enable AnswerConnect to general responses from the research platform utilizing a natural language question-and-answer function to understand information drawn from Internal Revenue Code, income tax regulations and administrative guidance.
“We're moving quickly to provide cutting edge solutions that help improve their efficiency and their workflow,” said Dean Sonderegger, SVP and GEM for Canada and Research & Learning of Wolters Kluwer Tax and Accounting North America.
Small firms can also use the “Ask a Question” feature within the CCH AnswerConnect U.S. Master Tax Guide Plus through which users can ask the platform questions instead of manually searching through the digitized guide.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind