Explore how recent regulatory changes in the U.S. auditing landscape focus on enhancing transparency and accountability. Learn how accounting firms and auditors are adapting to these new challenges.
Read more...
Explore key strategies that accounting firms can employ to navigate economic uncertainty, focusing on service diversification, client management, technology investment, and financial planning.
Read more...
Discover the advantages of cloud-based accounting solutions that bring unprecedented flexibility, security, and scalability to the financial industry. Explore how top firms like Deloitte and EY are pioneering this technological shift.
Read more...
Explore the latest tax reforms and their impact on small businesses. Learn about tax credits for green investments, streamlined R&D deductions, and tightened cryptocurrency compliance. Navigate these changes effectively with insights on optimizing tax strategies.
Read more...
Explore the evolving impact of the Wayfair decision on state sales tax compliance, featuring insights from recent developments and compliance complexities.
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,…
After the tax season started with returns at lower levels than in 2015, observers expected results would improve. But total returns remained off from the beginning and then registered only a tiny increase for the period ended March 11. Then for the season through March 18, total returns dropped slightly as did the percentage efiled by paid preparers.
Meanwhile, the increases registered for self-prepared returns improved over the last year's tax season through March 20.
Total returns received by the Internal Revenue Service, barely changed for the March 11 report—rising by only 1,000 efiled returns over 2015—dropped by .4 percent to 81,960,000 and returns processed fell by 1 percent to 79,631,000 returns for the March 18 statistics, compared to the year-earlier totals.
Since the first week, when efiled returns by professionals were off by 9.1 percent, the gap had narrowed each week until the March 4 report. For that period, the paid preparer totals were off by 2.5 percent and stayed that way for the March 11 tally. However, for the most recently reported period, the number of returns efiled by paid preparers dropped by 2.7 percent over the prior year to 41,558,000
Self-prepared efiles had seen growth accelerate each week until the March 11 report when they peaked at 4.1 percent over 2015 totals. In the most recent report, there were, 34,654,000 DIY efiles, up 4 percent from the corresponding period 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