K1x Raises $175M for AI-Native Private Markets Tax Platform
K1x secures $175M growth funding led by Sumeru Equity to expand its AI-powered platform for private markets tax data, addressing a core accounting/tax workflow.
The Wire — Page 6
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Juno raises $12M to automate 90% of tax prep busy work
Tax automation startup Juno lands $12M seed round with AI platform that handles repetitive data entry while preserving human review for liability-critical decisions.
Illinois CPA Society and Miles Masterclass Partner on AI Readiness
Illinois CPA Society teams with Miles Masterclass to launch applied AI curriculum covering audit, tax, advisory, and FP&A workflows for accounting professionals.
Vertex Adds AI-Powered Capabilities for Enterprise Compliance
Vertex integrates AI capabilities to help tax, finance, and IT teams accelerate compliance while maintaining accuracy and audit readiness.
Using AI in R&D tax relief claims raises compliance questions
AccountingWeb explores best practices for incorporating AI tools into R&D tax relief claim preparation, balancing automation efficiency with regulatory accuracy requirements.
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Why probabilistic AI fails for VAT compliance
Accounting software relying on probabilistic AI models risks VAT return errors; deterministic approaches needed for tax accuracy.
Perplexity Eyes Tax Prep While IRS Tests Palantir for Audit Selection
AI startup Perplexity moves into tax preparation and bookkeeping as IRS pilots Palantir to algorithmically select audit targets, raising questions about AI adoption ROI in accounting firms.
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AI Tax Agents Promise Hands-Off Returns as Firms Grapple With Automation
The Accounting Podcast explores whether AI can fully prepare tax returns without human intervention, interviewing Basis co-founder Kenji Kuramoto on emerging tax prep and bookkeeping agents, their ...
Open-source 1040 tax software built entirely by AI agents
Developer creates functional 1040 tax filing software using AI agents, demonstrating practical automation of complex tax logic and suggesting potential for open-source tooling in tax compliance.
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AI models struggle with reliable tax question answers
Analysis questions whether LLMs can reliably answer tax questions, highlighting accuracy gaps in a core accounting use case.
PoliTax Split: New PDF benchmark tests AI document parsing for tax returns
PoliTax Split introduces a benchmark dataset using presidential tax returns to evaluate AI models' ability to extract and categorize tax form data, advancing automation in tax document processing.
Java library simplifies Norwegian VAT filing via Altinn 3
Developer releases open-source Java library automating Norwegian VAT (MVA) filing, handling complex auth chains and Skatteetaten submission rules—distilled from 3 years building accounting SaaS.
AI Shifts Tax Planning From Annual to Always-On Strategy
AI is enabling accountants to move beyond annual tax planning cycles to continuous, real-time tax optimization strategies, fundamentally changing service delivery models.
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TaxGPT AI agent automates end-to-end tax return preparation
AI accounting automation startup launches TaxGPT agent capable of completing full tax returns without human intervention, mirroring traditional tax preparer workflows.
Journalist builds AI-coded tax prep app without programming experience
A non-technical journalist created a functioning tax filing application entirely through AI coding, highlighting automation's potential to democratize tax software development but raising questions...
IRS AI Projects Stall Amid Staff and Budget Cuts
IRS artificial intelligence initiatives are being derailed by severe staffing reductions and budget constraints, threatening the agency's automation capabilities.
Tax season reveals which firms actually invested in AI automation
As tax season unfolds, accounting firms struggle to implement AI tools they didn't adequately plan for, turning promised productivity gains into operational headaches.
PwC CEO mandates AI adoption, warns resistant partners will leave firm
PwC's leadership is pushing partners to embrace AI transformation, signaling that tax and consulting services will shift to automated, client-facing AI tools, with no room for resisters at the firm.
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Sovos Expands Sovi AI with Tax Guidance and Agent Interoperability
Sovos launches expanded Sovi AI with new capabilities for tax guidance, intelligent automation, compliance insights, and agent interoperability—targeting accountants and tax professionals.
TaxGPT Launches Autonomous Agent to Auto-Complete Tax Returns
TaxGPT debuts Tax Prep Agent, an autonomous AI that reads source documents and completes tax returns end-to-end using standard tax software—claimed as first-to-market in category.