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Modern AI tools can handle many routine, time-consuming accounting tasks, allowing human professionals to focus on higher-value work. bit.ly/4jT4G6T #AI #accounting

Sen. Ted Cruz pitched Republican senators on ending the Federal Reserve's authority to pay interest to banks as a way to help pay for the Trump tax bill. bit.ly/43XLQFH #tax #Fed

The sale of millions of acres of federal land would provide billions of dollars to help pay for President Trump's massive package of tax cuts and spending in the Senate's version of the bill. bit.ly/3FB8n35 #tax

The Senate confirmed Billy Long, a former Republican congressman from Missouri, as the new IRS commissioner after a series of acting commissioners have cycled through the role amid staffing and budget cuts at the agency. bit.ly/3SP923K #tax #IRS

The New York State Legislature passed a bill establishing an additional pathway to CPA licensure, and it awaits Gov. Kathy Hochul's signature. bit.ly/4e2etGp #CPA #accounting

On the move: KPMG elects next Americas chair; Grant Thornton names new COO; VSCPA VSCPA News awards $82,500 in scholarships; and more news from across the profession. bit.ly/4jLeRdt #accounting

The SEC appointed Kurt Hohl, a former partner at Ernst & Young, as its new chief accountant, effective July 7. bit.ly/45p4I2Q #accounting #SEC

Tech news: @TaxPlanIQ adds new features; Ignition Ignition announces plans for AI pricing solution; Financial Cents introduces advanced reporting features; and other accounting tech news. bit.ly/4jQtOLt #accounting

The IFRS Foundation has posted profiles of 17 of the 36 jurisdictions around the world that have either adopted or used ISSB disclosures or are in the process of finalizing steps to introduce the IFRS Sustainability Disclosure Standards in their regulatory frameworks.

It's Tax Fraud Friday! Tax Fraud Blotter: Sick excuses; By any other name; poor Service; a saga continues; and other highlights of recent tax cases. bit.ly/3HGKlnO

AI is no longer just a distant concept, as we're already seeing it reshape day-to-day functions within accounting, writes Ben Richmond of Xero. bit.ly/3ZqCZuQ #accounting #AI

A controversial provision in President Trump's tax bill aimed at penalizing countries with "unfair" tax regimes is unlikely to disrupt U.S. bond and stock markets, according to Barclays Capital. bit.ly/45FLmXp #tax

The House-passed version of President Trump's massive tax and spending bill would deliver a financial blow to the poorest Americans but be a boon for higher-income households, according to an analysis from the Congressional Budget Office. bit.ly/3TmYitz #tax

It might seem like AI and offshoring of accounting functions are in direct competition, but offshore talent providers say the two have instead created powerful synergies. bit.ly/3ZucvbS #AI #offshoring #accounting

Senate Republicans plan to unveil key details of their version of President Donald Trump's giant economic policy bill as soon as Monday, with the party pushing to enact the $3 trillion tax package by July 4. bit.ly/4kG5b5b

RSM RSM US LLP announced myRSM Tax, an AI-powered tax technology ecosystem. bit.ly/460SMo3 #tax #AI

Podcast: American Institute of CPAs chair Lexy Kessler looks ahead at the challenges and opportunities that are facing the accounting profession, and what accountants need to do to be ready for them. bit.ly/3HXVoJf #accounting

The One Big Beautiful Bill Act, as passed by the House and whose revised text was released Monday by the Senate, includes a number of significant tax provisions for both corporate taxpayers and nonprofits. bit.ly/442gT3f

The PCAOB PCAOB_News reported that deficiency rates remain high across examination, review and audit engagements for auditors of broker-dealers. bit.ly/45rKIwn #audit

Business owners who employ their children in a reasonable but limited capacity at their firms can rake in tax savings and start their kids' first retirement accounts in the process. bit.ly/3Zxa8VD #tax