Explore the latest shifts in U.S. accounting standards led by FASB, focusing on revenue recognition and lease accounting. Learn what these changes mean for businesses.
Read more...
Explore how accounting firms are embracing remote solutions, leveraging cloud technology, and enhancing client trust in the evolving digital landscape.
Read more...
Discover how accounting firms are navigating the AI-driven landscape, leveraging cutting-edge technology to enhance efficiencies in auditing and bookkeeping.
Read more...
Explore how the shift toward digital commerce impacts sales tax compliance and the strategies businesses use to navigate these evolving regulations.
Read more...
Explore how leadership dynamics in accounting firms are changing due to technology and diversity trends, with insights into modern strategies and tools shaping the industry's future.
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 number of returns received by the Internal Revenue Service for the 50 filing days ended April 2 reached 93,203,000, down 4.3 percent from the 97,366,000 received during the 60 days ended April 3, 2020. But instead of closing the gap on last year after pulling within .4 percent a week ago, the number of self-prepared returns fell back.
There were 88,285,000 efiles received through April 2, a decline of 3.5 percent from 91,448,000 in last year’s corresponding period.
The pace of efiling for self-preparer returns had continued to close on last year with each weekly report and those were only .4 percent behind 2020 for the season ended March 26. However, for the April 2 report there were 43,293,000 files, 1.1 percent off the 43,776,000 received a year earlier.
Tax professionals efiled 44,992,000 returns for the year reported to date, off 5.6 percent from 47,672,000 from a year ago.
The pace of issuing refunds improved by 3.3 percentage points over the March 26 report. There were 74,055,000 refunds issued this year, off 15.9 percent from 62,305,000. The number as of March 21 was 19.2 percent off last year.
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.