Connect with us

Accounting

Google Cloud pens deals with Deloitte, PwC, Intuit

Published

on

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. 

Intuit today announced a new collaboration with Google Cloud to expand support for common tax forms. Specifically, the company will be integrating Google Cloud Document AI technology as well as Google Gemini-based AI models into Intuit’s GenOS AI architecture. 

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 announced it is expanding its already existing partnership with Google Cloud and AI business solutions provider Service Now in order to increase its own AI capabilities. As part of this expansion, Deloitte is introducing a suite of over 100 ready-to-deploy agents powered by Google’s Gemini models and Agentspace.

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 PwC announced its own collaboration with Google Cloud as part of a multiyear agreement to advance tax compliance services. Broadly, the collaboration will involve joint programs, such as recurring regional events, to proactively find and produce solutions to common client challenges.

Specifically, the collaboration builds on the existing Tax Control Centre collaboration — now known as Data Controls Engine — which provides real-time visibility into tax and finance data quality via control checks, exceptions testing and reconciliations. As part of the deal, the Data Controls Engine will feature a brand new AI agent from PwC for tax, focused on exception validation. This agent is underpinned by a suite of client-determined procedures that are tiered in accordance with their risk and materiality. Further, PwC will work with Google Cloud to embed a specific systematic set of agreed-upon tax data procedures to provide clients with a structured way of obtaining assurance over the quality, completeness and accuracy of not only their existing data but the broader data sets that are needed for new areas of compliance. 

“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.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Accounting

Acting IRS commissioner reportedly replaced

Published

on

Gary Shapley, who was named only days ago as the acting commissioner of the Internal Revenue Service, is reportedly being replaced by Deputy Treasury Secretary Michael Faulkender amid a power struggle between Treasury Secretary Scott Bessent and Elon Musk.

The New York Times reported that Bessent was outraged that Shapley was named to head the IRS without his knowledge or approval and complained to President Trump about it. Shapley was installed as acting commissioner on Tuesday, only to be ousted on Friday. He first gained prominence as an IRS Criminal Investigation special agent and whistleblower who testified in 2023 before the House Oversight Committee that then-President Joe Biden’s son Hunter received preferential treatment during a tax-evasion investigation, and he and another special agent had been removed from the investigation after complaining to their supervisors in 2022. He was promoted last month to senior advisor to Bessent and made deputy chief of IRS Criminal Investigation. Shapley is expected to remain now as a senior official at IRS Criminal Investigation, according to the Wall Street Journal. The IRS and the Treasury Department press offices did not immediately respond to requests for comment.

Faulkender was confirmed last month as deputy secretary at the Treasury Department and formerly worked during the first Trump administration at the Treasury on the Paycheck Protection Program before leaving to teach finance at the University of Maryland.

Faulkender will be the fifth head of the IRS this year. Former IRS commissioner Danny Werfel departed in January, on Inauguration Day, after Trump announced in December he planned to name former Congressman Billy Long, R-Missouri, as the next IRS commissioner, even though Werfel’s term wasn’t scheduled to end until November 2027. The Senate has not yet scheduled a confirmation hearing for Long, amid questions from Senate Democrats about his work promoting the Employee Retention Credit and so-called “tribal tax credits.” The job of acting commissioner has since been filled by Douglas O’Donnell, who was deputy commissioner under Werfel. However, O’Donnell abruptly retired as the IRS came under pressure to lay off thousands of employees and share access to confidential taxpayer data. He was replaced by IRS chief operating officer Melanie Krause, who resigned last week after coming under similar pressure to provide taxpayer data to immigration authorities and employees of the Musk-led U.S. DOGE Service. 

Krause had planned to depart later this month under the deferred resignation program at the IRS, under which approximately 22,000 IRS employees have accepted the voluntary buyout offers. But Musk reportedly pushed to have Shapley installed on Tuesday, according to the Times, and he remained working in the commissioner’s office as recently as Friday morning. Meanwhile, plans are underway for further reductions in the IRS workforce of up to 40%, according to the Federal News Network, taking the IRS from approximately 102,000 employees at the beginning of the year to around 60,000 to 70,000 employees.

Continue Reading

Accounting

On the move: EY names San Antonio office MP

Published

on

Carr, Riggs & Ingram appoints CFO and chief legal officer; TSCPA hosts accounting bootcamp; and more news from across the profession.

Continue Reading

Accounting

Tech news: Certinia announces spring release

Published

on


Certinia announces spring release; Intuit acquires tech and experts from fintech Deserve; Paystand launches feature to navigate tariffs; and other accounting tech news and updates.

Continue Reading

Trending