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...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
Discover how accounting firms are navigating the AI-driven landscape, leveraging cutting-edge technology to enhance efficiencies in auditing and bookkeeping.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
Read more...
How AI Is Reshaping Payroll: What Every Business Needs to Know The 2025 Payroll Special Report explores how artificial intelligence is revolutionizing payroll—transforming it from a back-office function into a strategic powerhouse. Discover how AI is enabling greater efficiency, accuracy, and compliance while unlocking real-time insights and cost-saving automation. With insights from industry leaders at ADP, Paychex, KPMG, and more,…
The number of tax returns received by the Internal Revenue Service for the season through February 21 were almost even with the comparable period in 2019. Total returns received were down .1 percent from a year ago while efiles were up .3 percent.
And the IRS caught up with its report schedule posting statistics for both the week ended February 14 and February 21 after publishing no statistics last week.
Total returns received for the season to date were 49,888,000, down from 49,923,000 for the period ended Feb. 22, 2019. Efiles totaled 48,012,000, compared to 48,012,000 in 2019’s comparable period
The story on efiles was unchanged in terms of their source with the total down for those received from tax professionals and up for self-prepared. For the most recently reported period, tax professionals had submitted 21,261,000 efiles, down 2.8 percent from 21,869,000 for the year-earlier period. There were 26,751,000 self-prepared efiles, an increase of 2.9 percent from 25,997,000
Refund numbers are down with 37,454,000 issued through February 21, down 2.1 percent from 38,566,000 through February 22 last year. The average refund was $3,125, off by .6 percent from $3,143.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind