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 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,…
The Internal Revenue Service's plans for a "Future State" for how the agency will operate over the next few years may run into consumer resistance, according to the National Taxpayer Advocate. The Advocate's 2015 annual report to Congress suggests that resistance to technology may thwart development of online accounts.
Advocate Nina Olson notes the IRS intends to use the online accountants because budget cuts have led it to telephone and face-to-face assistance.
The reports says many taxpayers will not use the accounts because they lack Internet access or skills cannot complete the authentication process required to set up an account, do not trust the security of the IRS system, or would prefer to speak with an IRS employee.
The concern about the program's ability to meet taxpayer needs has led hr to establish public forums around the country. Some will be conducted in conjunction with Members of Congress who serve on committees engaged in IRS oversight. Eight forums have been held with several more planned.
The Taxpayer Advocate Service will conduct a nationwide survey of a statistically representative sample of U.S. taxpayers about their needs, preferences, and experience with IRS taxpayer service and will hold focus groups about the IRS Future State at IRS Tax Forums this summer.
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