Tech news: Thomson Reuters launches AI tax compliance solution Accounting Today
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Major players in the accounting and tax technology space are making significant investments in artificial intelligence and digital assets to modernize core business functions. EY and Microsoft have announced a $1 billion partnership to accelerate AI adoption, while KPMG has created a new executive role to lead its transition toward technology-driven products. These advancements, along with new AI platforms and stablecoin payroll solutions, reflect a broader industry shift toward scalable, asset-based service models.
June 21, 2026Practice management provider Canopy has introduced Canopy Coworker, an AI execution layer designed to automate complex, multistep workflows across its platform. This launch is part of a broader trend in the accounting technology sector toward AI-native agents, with companies like Instead and Ramp also debuting autonomous systems for tax filing and procurement. These advancements aim to shift accounting professionals away from administrative coordination and toward high-level advisory roles by leveraging connective intelligence and real-time data synthesis.
June 20, 2026Governance, risk, and compliance platform Diligent has unveiled a suite of AI-driven tools, including an AI Board Member assistant and specialized agents designed to automate complex GRC workflows. Simultaneously, Gusto has released 75 new features focused on payroll automation and tax credit estimation, while Infinite Ties launched a toolkit to help tax professionals transition into client advisory services. These developments signal an accelerating shift toward AI-integrated automation and advisory-led service models within the accounting and tax technology ecosystem.
June 20, 2026Top 25 firm CliftonLarsonAllen (CLA) has introduced CLA One Digital, a unified suite of digital services designed to integrate AI, automation, and cybersecurity into client workflows. Simultaneously, major tech providers Xero and Emburse have unveiled new AI-driven agent capabilities aimed at automating complex financial and expense management tasks. These developments signal a significant shift toward agentic workflows in the accounting and tax tech sector, prioritizing autonomous process execution over simple task assistance.
June 20, 2026