A new tax reform bill introduced in Congress has sparked debates among accounting professionals regarding its potential impact on compliance and advisory services.
Read more...
Explore the benefits and strategies for embracing remote work culture within accounting firms. Learn how leading firms like BDO USA leverage technology to maintain productivity and work-life balance.
Read more...
Explore how quantum computing is poised to transform accounting with its incredible capability to process complex data rapidly, enhancing efficiency in audits and financial forecasts.
Read more...
Explore the impacts of new federal tax reforms on businesses, highlighting changes to corporate tax rates, state-level implications, and the importance of digital tax tools.
Read more...
Explore the complexities of sales tax compliance in the digital commerce era, highlighting the impact of economic nexus laws and the importance of staying updated with tax regulations for businesses.
Read more...
Discover how young innovators and emerging leaders are transforming the accounting industry, embracing new technologies, and positively impacting firm growth.
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 Service is redesigning the roughly 170 million notices sent annually to individual taxpayers, the agency said this week.
The Simple Notice Initiative involves reviewing and redesigning hundreds of notices with an immediate focus on the most common notices. Work will accelerate in the 2025 and 2026 filing seasons for individuals and then expanding into business notices.
There are 31 redesigned notices available for this year’s tax season. About 20 million of such notices were sent in calendar year 2022. For filing season 2025, the 200 notices that make up 90 percent of the total volume sent to individuals will be reviewed and redesigned. The IRS said this represents about 150 million notices sent in 2022
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 Internal Revenue Service is redesigning the roughly 170 million notices sent annually to individual taxpayers, the agency said this week.
