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Emma Slack-Jorgensen
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NAEA Urges IRS to Resume Sending Balance Due Notices
Taxation
The National Association of Enrolled Agents (NAEA) has asked the IRS to resume sending reminder notices immediately to…
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Survey: Younger Generations More Optimistic Than Others About Future Wealth
NextGen
A recent online survey found that younger generations are more optimistic than older generations about becoming wealthy in…
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Salary Guides Reveal Pay Increases for Accountants and Finance Professionals
New CPAs
As the number of college students majoring in accounting continues to decrease, salaries for accountants and finance…
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IRS Extends Deadlines for Taxpayers Affected by Terrorists Attacks in Israel to Oct. 7, 2024
Taxation
The IRS has announced that individuals and business affected by the recent terrorist attacks in Israel will have until Oct.…
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Regulatory Roundup: October 10-16
Regulatory Roundup
AICPA U.S. Accounting Firms Show Strong Growth in Profit and Revenue, AICPA & CIMA Research FindsPublic accounting firms…
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IRS Projects Annual Tax Gap for 2021 to Rise to $688B
Taxation
The IRS has released a new tax gap projection, indicating that the projected gross tax gap increased to $688 billion for tax…
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Report: Gen Z Workers Plan to Retire at Age 61
NextGen
According to a recent study, Gen Z workers expect to retire at age 61, on average—years earlier than older generations,…
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PCAOB Staff Report Finds Widespread Flaws in Engagement Quality Reviews
Auditing
A new Public Company Accounting Oversight Board (PCAOB) staff report discloses that 42 percent of the firms that the PCAOB…
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TIGTA: Most of IRS’s Initial Inflation Reduction Act Spending Went to Taxpayer Services
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has issued a report finding that the majority of the IRS's…
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