Explore the transformative impact of AI on the accounting industry, highlighting automation, predictive analytics, and the evolving role of accounting professionals.
Read more...
Explore how accounting firms are scaling operations and enhancing service delivery by leveraging emerging technologies like cloud accounting and automation.
Read more...
Explore the rise of cloud accounting as a sustainable and efficient solution for modern firms. Delve into its benefits and challenges, with insights from industry leaders.
Read more...
Explore the latest trends in tax compliance for accountants, including digital transformations, data analytics, and multi-state tax complexities.
Read more...
Explore the changing landscape of sales tax compliance amid e-commerce growth. Learn about the challenges and solutions for businesses navigating regulations.
Read more...
Explore significant leadership changes this week in leading accounting firms like Crowe, Deloitte, EY, and KPMG, reflecting strategic advancements and market trends.
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,…
Early tax season returns lagged behind last season for period through February 9 by double digits. Every category for the period reported by the Internal Revenue Service was below the comparable period through Feb. 10, 2023.
The IRS had received 28,826,000 returns for the season as reported to date. That is 11.4 percent behind the 25,553,000 corresponding period a year earlier Processing of returns was much closer to the year ago totals with 25,443,000 processed for tax year 2023, down 4.4 percent from 26,622,000.
With the season in its earlier stages, self-prepared efiles were not as far behind last year’s filing season as were those efiled by paid professionals.
There were 15,570,000 DIY efiles through February 9, 6.1 percent below 16,575,000 a year ago. Professionals submitted 25,553,000 efiles to date, 11.4 percent down from 28,826,000.
Refunds for this season were substantially behind last year’s total. The IRS issued 7,483,000 for the season as reported, down 43.9 percent from13,341,000 in last year’s corresponding period. The average refund this year is $1,741, a 12.8 percent drop from $1,997.
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
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.