Explore the transformative impact of AI on the accounting industry, highlighting automation, predictive analytics, and the evolving role of accounting professionals.
Read more...
Explore the latest trends in managing accounting firms, focusing on sustainability reporting, technology integration, and enhancing client relationships.
Read more...
Explore the rise of cloud accounting as a sustainable and efficient solution for modern firms. Delve into its benefits and challenges, with insights from industry leaders.
Read more...
Explore the latest IRS tax provisions focused on offshore income and digital assets. Learn how accountants can navigate these changes and enhance service offerings.
Read more...
Explore the evolving landscape of sales tax compliance in 2023. Learn how regulatory changes and digital tools are shaping the future for businesses, with insights from major firms.
Read more...
Explore how today's CFOs are transforming from financial stewards to strategic drivers in the corporate world, shaping decisions in technology, investments, and innovation.
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,…
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.