Top Financial Ops World Auditing Tax Content for Sat.Mar 29, 2025

IRS cuts could cost $500 billion: Is tax compliance about to collapse?

Blake Oliver

MARCH 29, 2025

The Washington Post reported that unnamed IRS officials are projecting a huge $500 billion drop in tax revenue this year due to DOGE's cuts to enforcement. I'm not buying that argument, and here's why. The IRS argues that if people think there's less tax enforcement, they won't pay up. But audit rates are already super low - less than 1% overall. So, would slightly reducing these already tiny percentages really cause a 10% revenue collapse?

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WISP for CPAs and Financial Firms: Why It Matters and How to Comply

Ace Cloud Hosting

MARCH 29, 2025

A Written Information Security Plan (WISP) is a comprehensive strategy drafted toprotect sensitive financial information from unauthorized access, breaches, and cyber threats. It defines the policies, controls, and procedures that.

Financial Ops World

Sat.Mar 29, 2025

IRS cuts could cost $500 billion: Is tax compliance about to collapse?

WISP for CPAs and Financial Firms: Why It Matters and How to Comply

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