Explore how the shift to remote work is transforming firm management in the accounting industry, focusing on technology, security, and client engagement.
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Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
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Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
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Explore recent key shifts in accounting personnel across major firms like Deloitte, PWC, EY, and KPMG. Discover how these changes are influencing the industry's direction.
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Payroll isn’t just a back-office function; it’s a strategic engine that powers both financial performance and employee confidence. Every payroll run influences cash flow, compliance, and reporting accuracy, while shaping how employees perceive their value within the organization. This special report reframes payroll as a critical driver of financial discipline and a cornerstone of the employee experience, elevating it from…
The Internal Revenue Service must continue to reduce the amount of paper it processes, the Internal Revenue Service Advisory Council has said it its annual report for 2022.
The body outlined areas in which the IRS should use tools such as electronic filing and secure email to reduce the amount of paper it processes and made specific recommendations, including the following:
*Find ways to handle paper processing of employment tax returns such as adding the amended Forms 941-X and 945-X to the Modernized eFiling system; It also suggested use of bots to automate the transfer of data from MeF to the Business Master File Transcript Delivery systems.
*Develop a secure email system for sending and receivingtime-sensitive penalty correspondence or correspondence that contains private taxpayer information
*Supply more information through the BMF system. Currently, data such as entity, wage and data information; forms 1041, 941x Series, 990 and 2290 are not included
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