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Unveiling the Fast-Paced Shifts in U.S. Accounting Standards
Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses. Read more...
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Adapting to the AI-driven Accounting Landscape: Firms Leverage New Tech Tools
Discover how accounting firms are navigating the AI-driven landscape, leveraging cutting-edge technology to enhance efficiencies in auditing and bookkeeping. Read more...
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Tax
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Written by The Progressive Accountant

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Explore recent developments in the R&D Tax Credit and how they impact businesses investing in innovation and technology. Read more...
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Sales Tax & Compliance
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Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations. Read more...
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People & Moves
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The Changing Dynamics of Accounting Leadership in Modern Firms
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Special Reports
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Special Report: How AI Is Reshaping Payroll
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Pro Returns Continue to Lag 2013 Season

Thursday, 20 February 2014

Tax

The Internal Revenue Service seemed to be working its way through a backlog of individual tax returns during the last week. Meanwhile, the number of returns prepared professionally remained down. For tax season from January 31 through February 14, receipts were down slightly - off .8 percent - but the number of returns processed were 24.8-percent higher than in the corresponding period of the 2102 tax season, according to this week's IRS report.

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