Explore the profound impact of the latest IFRS amendments on U.S. accounting firms and how they can improve compliance and financial transparency.
Read more...
Explore how remote accounting firms are reshaping the industry with digital transformation, offering flexible work environments, and enhancing client interaction.
Read more...
Explore how AI-powered accounting software is transforming financial management in the accounting industry. Learn about automation, predictive analytics, and fraud detection capabilities.
Read more...
Explore recent state income tax reforms in the US and their implications for businesses and accounting professionals seeking compliance and strategic advantage.
Read more...
Explore the latest changes in sales tax compliance and economic nexus affecting businesses. Learn how recent rulings and technology are shaping tax strategies.
Read more...
Explore recent leadership changes at Deloitte and PWC, highlighting strategic shifts towards innovation and sustainability within the accounting industry.
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,…
H&R Block says the number of returns its stores have prepared grew by 6.7 percent through February 15, over returns filed for the same period a year ago. That came as the industry trend of rapidly increasing online filing of income tax returns continued. While retail returns rose by 2.1 percent for the reported period, digital returns increased by 16.7 percent.
Digital returns include a 24 percent rise in online units. However, the company says part of the increase is due to last year when the Internal Revenue Service was unable to accept some filings before February 14. Block expects results to moderate during the rest of the month. CEO Bill Cobb said in a prepared statement that he believes the company can gain market share in retail and digital channels this season.
Similar results were reported by Intuit which said that sales of desktop versions of its TurboTax tax preparation software had fallen by 2 percent, but ales of TurboTax Web were up by 19 percent through February 18 when compared to the same period in 2011. The other two major tax store chains, Jackson Hewitt and Liberty Tax, have not reported totals for the tax season and the Internal Revenue Service has also not issued any numbers.