OBBB created new expensing, credit opportunities for AI investments, tax pros say
New tax law permanently restoring immediate expensing for domestic research costs is reshaping the deductions and credits available to companies …
AI won’t fix broken finance departments — CFOs say the real work is on them
Artificial intelligence is handing finance chiefs powerful new tools — but it can’t clean up a mess built on “sticky …
AI ‘co-pilot’ for rural clinics gets $26.5 million federal shot — but the savings are still a question mark
A $26.5 million federal bet is putting artificial intelligence in the exam room — with a goal of bringing more …
Republicans hesitant on AI taxes, says expert
Amid competitiveness concerns and fundamental questions about tax structure, one expert said congressional Republicans have been largely quiet about a …
AI errors reach boardrooms and investors, midyear report finds
A quarter of corporate executives say errors generated by artificial intelligence tools have made their way to external audiences or …
How accounting firm UHY is building a Big Four rival — one acquisition at a time
Accounting firm UHY is on a buying binge — and it’s just getting started. After landing a major investment from …
AI-powered IRS audits are here but taxpayers have new relief options, tax pros say
Tax specialists from PricewaterhouseCoopers (PwC) detailed the IRS’ growing reliance on data analytics and artificial intelligence for enforcement, a renewed …
Proactive AI governance needed for international tax challenges, experts say
Grant Thornton tax specialists said during a July 30 webcast that companies deploying artificial intelligence (AI) should assess how the …
AI’s hidden price tag — millions spent, returns still a mystery, and mistakes can make the bill worse
Corporate America has gone all-in on artificial intelligence — but when it comes to actually measuring the payoff, most companies …
Banks are using AI to review loans, but humans still make the final loss call
Banks are beginning to use artificial intelligence to handle time-consuming parts of the loan-loss process, but they are not letting …