Explore recent tax code revisions and their significant implications for U.S. businesses. Discover how these changes can impact compliance, growth, and innovation within various industries.
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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 innovations in tax compliance technology that are reshaping the accounting industry. Discover how automation, AI, and cloud-based solutions are enhancing efficiency and security.
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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 leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
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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 said this week 943,000 taxpayers had filed tax returns via the IRS Free File program through February 24, a 9.7-percent increase over 869,000 filed in last year’s corresponding period.
That increase came during what the IRS called a strong start to the filing season.
For the consecutive week, filings for 2024 are narrowing the gap with 2023. For the most recently reported, the IRS received 44,584,000 returns, 3 percent fewer than the. 45,983,000 received through Feb. 2023.
There were 43,661,000 efiles for the season as reported, off 2.9 percent from 44,962,000 in last year’s corresponding period.
Taxpros were responsible for 19,290,000 efiles, 2.9 percent down from 20,239,000 a year ago. Self-prepared efiles were 4.7 percent behind the last season to date, coming it at 24,371,000, a 1.4-percent gap from 24,723,000, in last season’s comparable period.
The number of refunds issued were 17.6 percent behind the 2023 pace with this year’s 28,945,000 issued to date down from 35,142,000. However, for the second-straight reporting period, the average return grew. This season as reported saw the average at $3,213, 4.3 percent up from $3,079.
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
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