Former IRS Chief, AICPA Launch AI Risk Group for Tax Administration
Ex-IRS Commissioner Danny Werfel and the AICPA form collaborative group to establish responsible AI governance standards for tax practice and administration.
HMRC bans agents from submitting MTD quarterly updates
UK tax authority HMRC prohibits tax agents from submitting Making Tax Digital quarterly filings on behalf of clients, affecting accounting firms' MTD workflows.
Continue reading
Get daily agentic AI accounting news in your inbox
Read original article →Related Articles
AICPA and Former IRS Chief Launch Council on AI Risk in Tax
AICPA and ex-IRS Commissioner Danny Werfel form Council on AI Risk in Tax (CART) to develop practical safeguards as AI adoption accelerates in tax compliance, administration, and advisory services.
AICPA and former IRS chief launch council to manage AI risks in tax
AICPA partners with ex-IRS Commissioner Danny Werfel to establish Council on AI Tax Risk, addressing information integrity and accountability as AI adoption in tax accelerates.
AICPA challenges IRS guidance on AI cost savings and CPA pricing
AICPA pushes back on IRS guidelines requiring tax practitioners to pass AI savings to clients, citing implementation costs and value-pricing concerns.
HMRC AI prompts now live—accounting firms race to catch errors first
HMRC's new AI-assisted prompts for tax compliance are rolling out; accounting practices must deploy error-detection AI to stay ahead of automated revenue checks.