Bob Scott

Bob Scott

Professional Efiles Plunge

Statistics from the Internal Revenue Service show that efiled returns from paid preparers dropped sharply as the traditional tax season neared its end. The number of efiles from professionals fell to 50,511,000 for the period ended April 10, down 20.1 percent from 63,248,000 for the period ended April 12, 2019.

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 IRS Advises VPN Use

The Internal Revenue Service and its Security Summit partners is recommending tax professionals who work remotely should utilize a Virtual Private Network. That recommendation came this week as the IRS reported an upswing in data theft from criminals trying to take advantage of COVID-19 and Economic Impact Payments.

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Blackbaud Takes Cash-Saving Steps

Blackbaud has instituted a broad set of steps designed to strengthen the company’s cash position. This includes eliminating the quarterly cash dividend and temporarily suspending 401(k) matches.

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