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...
This article explores the transformative impact of cloud technology on accounting practices, highlighting efficiency, security, and collaboration advantages.
Read more...
Explore the latest shifts in U.S. tax legislation and their implications for tax compliance. Discover the role of digital technologies, ESG factors, and the increased need for CPAs adept at using advanced tax platforms.
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...
Discover the latest shifts in accounting talent dynamics driven by technology, mergers, and ESG reporting needs, reshaping roles and creating new opportunities.
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 Internal Revenue Services has scanned 120,000 paper version of Form 940 this season, the agency said the week. And under Digital Intake programw, scanning wiill soon be epanded to paper 1040s and 941s.
The 940 effort represents a twenty-fold increase in volume scanned over all of 2022. The IRS is working with the Treasury's Bureau of the Fiscal Service and Lockbox Financial Agents to expand the program.
:Lockbox Financial Agents are banks that specialize in payment processing but until now have not scanned and processed tax forms. Under the Lockbox project, paper returns are scanned on-site and e-filed.
Digital Intake with Industry Partners involves extracting machine-readable information from paper tax returns and then e-files those returns.
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
The
