Accounting
Google Cloud pens deals with Deloitte, PwC, Intuit
Big Four firms Deloitte and PwC, and business software provider Intuit, each announced separate deals with Google to access the tech company’s cloud infrastructure and artificial intelligence capacities.
This will allow Intuit to expand the number of forms it can support with AI. Specifically, AI can now automatically populate the 1099-B, 1099-COMP, 1099-OID and Form 1040 along with Schedules 1, 2, 3, A, C and E, which can all vary in complexity.
Intuit highlighted in particular the ability of the AI to now automatically extract data for stock, bond and crypto investors. The changes mean no longer needing to spend time navigating multiple screens per document and filling in 10 fields (depending on the number of transactions per brokerage), or manually transcribing data from multiple brokerage forms (which can vary significantly by format, verbiage, etc.) when preparing taxes.
“This tax season, we’re delivering on Intuit’s promise to millions of TurboTax customers to do the hard work for them—so they don’t have to,” said Intuit chief technology officer Alex Balazs. “Our collaboration with Google Cloud is making a big difference in the day-to-day lives of consumers this tax season. It’s a shining example of how we’re harnessing the power of Intuit’s AI, data and tax domain expertise—with world-class Google Doc AI and Gemini technology—on our GenOS to deliver breakthrough done-for-you experiences at scale. I’m fired up about our results to date, and excited about what the future holds.”
Deloitte
Big Four firm Deloitte
These agents are designed for a broad range of tasks across various industries and business functions, including customer service, procurement, technical, marketing, sales, legal and human resources. Industry-specific agents are also available for health care, consumer and financial services. The new agents include a contract redlining agent that can understand legal jargon when reviewing contracts and provide AI-powered insights and recommendations on how to optimize. A credit loan automation agent can auto-populate loan and credit documents with curated data and intelligence reports. A data transformation agent automates multiple steps in data engineering workflows, such as producing optimized BigQuery code or developing test cases.
“Clients are getting flooded with information about agents, and while they are interested, they often don’t know where to begin. That’s where we come in,” said Jason Salzetti, chair and CEO of Deloitte Consulting. “This is our largest investment yet with Google Cloud to provide a clear, structured path for businesses to adopt and scale agentic AI. With collaborations like Google Cloud and ServiceNow, we aim to be a one-stop-shop for clients to reimagine their operations, driving innovation and enhancing productivity across their entire enterprise platforms.”
Deloitte is also partnering with Google Cloud and ServiceNow to advance a new standard for AI agent interoperability, A2A, which will enable agents on any platform to securely interact, exchange information and coordinate actions. Deloitte and ServiceNow are already using this protocol on Google Cloud to build a unified agentic experience for field management. Organizations can resolve customer queries about late orders with integrated AI agents working across Google Cloud and ServiceNow. These AI agents will pull customer data from multiple sources like CRM, procurement and logistics to provide a unified view and recommendations.
PwC
On Monday, Big Four firm
Specifically, the collaboration builds on the existing
“We are pleased to announce our alliance with Google Cloud, which represents a significant step forward in transforming tax compliance services for our clients globally,” said Brad Silver, head of global tax and legal services for PwC, in a statement. “By leveraging Google Cloud’s cutting-edge technology and PwC’s deep knowledge in tax, risk and regulatory matters, we are confident that this collaboration will deliver unparalleled efficiency and innovation. Our joint efforts will empower clients with advanced tax data controls, seamless compliance solutions and a structured approach to ensuring the quality and accuracy of tax data using innovative AI and agentic AI capabilities.”
Bloomberg via Getty Images
Amid the agency’s turmoil this year, the Internal Revenue Service has some good news from 2024 regarding service and collections.
The agency helped taxpayers on 62.2 million occasions in FY24, up 3.2% over the prior fiscal year, and took in a new high in revenue, according to its latest annual
IRS toll-free customer service lines provided live telephone assistance to almost 20 million callers during the fiscal year, up some 11% from 2023. At Taxpayer Assistance Centers, the agency helped more than 2 million taxpayers in person, an increase of almost 26% over FY2023.
For the first time, revenue collected exceeded $5 trillion ($5.1 trillion), an increase of almost 9% compared to the prior fiscal year total.
The Data Book gives a fiscal year overview of the agency’s operations, including returns received, revenue collected, taxpayer services provided, tax returns examined (audits), efforts to collect unpaid taxes and other details. Among other FY24 highlights, the IRS:
- Launched more digital tools than it had during the previous 20 years. Online offerings saw more than 2 billion electronic taxpayer assistance transactions, 47% more than in FY23. The most popular features were requests for transcripts and Where’s My Refund? Overall, IRS.gov registered nearly 690 million individual visits with 1.7 billion page views.
- Processed more than 266 million returns and other forms from individuals, businesses and tax-exempt organizations; received almost 4.6 billion information returns; and issued close to $553 billion in refunds.
- Closed 505,514 tax return audits, resulting in $29 billion in recommended additional tax.
The net collections — federal taxes that have been reported or assessed but not paid and returns that have not been filed — totaled almost $77.6 billion, an increase of 13.6% compared to FY23. The agency collected more than $16 billion through installment agreements, an increase of more than 12% compared to the prior fiscal year.
The Data Book also covers statistics on Direct File, taxpayer attitude surveys about satisfaction with the IRS and “acceptable” levels of cheating on taxes, and applications for tax-exempt status, among other topics.
Total postsecondary spring enrollment grew 3.2% year-over-year, according to a report.
The National Student Clearinghouse Research Center published the latest edition of its
The report found that undergraduate enrollment grew 3.5% and reached 15.3 million students, but remains below pre-pandemic levels (378,000 less students). Graduate enrollment also increased to 7.2%, higher than in 2020 (209,000 more students).
(Read more:
Community colleges saw the largest growth in enrollment (5.4%), and enrollment increased for all undergraduate credential types. Bachelor’s and associate programs grew 2.1% and 6.3%, respectively, but remain below pre-pandemic levels.
Most ethnoracial groups saw increases in enrollment this spring, with Black and multiracial undergraduate students seeing the largest growth (10.3% and 8.5%, respectively). The number of undergraduate students in their twenties also increased. Enrollment of students between the ages of 21 and 24 grew 3.2%, and enrollment for students between 25 and 29 grew 5.9%.
For the third consecutive year, high vocational public two-years had substantial growth in enrollment, increasing 11.7% from 2023 to 2024. Enrollment at these trade-focused institutions have increased nearly 20% since pre-pandemic levels.
Jordan Vonderhaar/Photographer: Jordan Vonderhaar/
The Internal Revenue Service has released
The Inflation Reduction Act of 2022 amended Sec. 55 to impose the CAMT based on the “adjusted financial statement income” of an “applicable corporation” for taxable years beginning in 2023.
Among other details, proposed regs provide that “applicable corporation” means any corporation (other than an S corp, a regulated investment company or a REIT) that meets either of two average annual AFSI tests depending on financial statement net operating losses for three taxable years and whether the corporation is a member of a foreign-parented multinational group.
Prior to the publication of any final regulations relating to the CAMT, the Treasury and the IRS will issue a notice of proposed rulemaking. Notice 2025-27 will be in IRB: 2025-26, dated June 23.
DLTR, WFC, CEG and more
IRS paints a strong picture from fiscal 2024 in annual Data Book
ADP jobs report May 2025:
New 2023 K-1 instructions stir the CAMT pot for partnerships and corporations
The Essential Practice of Bank and Credit Card Statement Reconciliation
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