Explore how inflation is influencing accounting practices in the U.S. Discover changes in financial reporting, budgeting, and risk management.
Read more...
Explore strategic steps accounting firms can take to overcome current challenges, focusing on cloud solutions, data analytics, and talent diversification.
Read more...
Discover how quantum computing is poised to transform accounting, offering unparalleled speeds and efficiency in data processing, financial analysis, and real-time decision-making.
Read more...
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.
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...
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…
Efiled tax returns submitted by professional preparers fell significantly behind the year ago totals in the latest tax season results. Figures from the Internal Revenue Service this week for the season through March 3 show the number of professional filed returns were 11.5 percent behind the total for last year’s season through March 5.
The prior report for the season through March 27 was the first from the IRS that reflected the COVID-19-influenced delay of the tax season filing deadline from April 15 through July 15. Total returns for that period, compared to the equivalent time in 2019, were off by 2.4 percent
Total returns for 2020 of 97,366,000 were down 5.9 percent from last year’s corresponding period. Total efiles were 91,448,000, a decrease of 5.6 percent from 96,844,000 for the compared period in 2019.
Paid preparers submitted 47,672,000 through March 3, a drop from 53,839,000. Self-prepared efiles remained ahead of 2019 totals, but the difference narrowed sharply. There were 43,776,000 for the period report this year, an increase of 1.8 percent from 43,005,000 for 2019 through March 25.
Refund totals also fell behind last year’s pace. This year, the IRS has issued 74,055,000 refunds, a decline of 5 percent from 77,925,000 a year earlier. The average return rose 1.6 percent to $2,878 from $2,833.
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
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.