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$1B in 2020 tax refunds remains unclaimed

Accounting Today

Time is running out for nearly 940,000 individuals to claim refunds from 2020, with a May 17 deadline approaching for filing the necessary tax returns.

Tax 312
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CAMs disclosures decrease since 2020

Accounting Today

Auditors are including CAMs in more of their opinions but disclosing fewer CAMs per opinion, according to an Ideagen report.

Auditing 299
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IRS TECU compliance checks take 3X longer since 2020

Accounting Today

hours on average per case in 2023, up 281% from 2020. The Treasury Inspector General for Tax Administration found that IRS Tax-Exempt Compliance Unit examiners spent 6.1

Tax 189
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Ransomware attacks doubled from 2020 to 2021

Accounting Today

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289
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Audit fees edged up from 2020 to 2021

Accounting Today

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Auditing 246
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Ex-Credit Suisse client indicted over hiding money from IRS

Accounting Today

Dan Rotta, 77, was charged in Miami with hiding assets from the IRS in two dozen secret Swiss accounts between 1985 and 2020.

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CPA firm profits and revenues jumped last year

Accounting Today

growth rate of fiscal year 2020. The median growth rate hit 9.1% in net revenue in fiscal year 2022, according to a new survey, over double the 4.2%

CPA 317