Explore how inflation is influencing accounting practices in the U.S. Discover changes in financial reporting, budgeting, and risk management.
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Explore strategic steps accounting firms can take to overcome current challenges, focusing on cloud solutions, data analytics, and talent diversification.
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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 trends in corporate tax compliance, including technological advancements, IRS updates, and international tax regulations. Stay informed on the complexities and solutions for effective tax planning.
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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 number of income tax returns received by the Internal Revenue Service through March 29 topped the number received through March 31, the first time this season’s reported results have exceeded those in 2023.
The IRS received 90,315,000 returns for the season-to-date, an increase of .2 percent over 90,111,000 a year ago. Efiles reached 87,369,000 through March 29, up .3 percent over 87,126,000 in last year’s corresponding period.
The total was the result of a 1.1-percent increase in self-prepared efiles to 41,068,000, compared to 40,609,000 a year earlier. The numbers from paid preparers continued to lae 2023 results with the 46,302,000 efiles from that category .5-percent lower than 46,302,000 received through March 31, 2023.
The number of refunds issued continued to be lower than last year’s totals, but the gap has been rapidly closing. There were 58,126,000 refunds issued this season, 4.5-percent fewer than the 60,867,000 a year earlier
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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