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 latest report for filing season statistics from the Internal Revenue Service shows a 4.3-percent decline in tax returns through April 14. But since the year-ago period for comparison was the season through April 15, the numbers may be distorted by the timing.
The most recent numbers for the 2023 season showed 117,321,000 returns filed, down from 122,543,000 a year ago.
For the first time, reports show efiles from paid preparers falling behind 2022 levels. There were 62,174,000 of those through April 14, a drop of 2.4 percent from 63,692,000. Self-submitted efiles declined to 51,027,000, off 5.8 percent from 54,167,000.
The number of refunds issued fell 3 percent to 75,824,000 from 78,201,000. The average refund dropped 8.8 percent to $2,902 from $3,181.
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 latest report for filing season statistics from the Internal Revenue Service shows a 4.3-percent decline in tax returns through April 14. But since the year-ago period for comparison was the season through April 15, the numbers may be distorted by the timing.
