IRS cut back on large partnership audits
The IRS has been examining only a tiny fraction of tax filings from large partnerships due to staffing shortages and other resource constraints.

AI driving firms, clients to revisit pricing models
A majority of accounting firms say they are changing their messaging around pricing as clients increasingly question their cost models in the age of AI efficiencies.

In the blogs: Take the high road
Sweeping review; year-end procedures; close the book; and other highlights from our favorite tax bloggers.

Over 1.4M taxpayers now facing tax refund delays
Approximately 1.4 million taxpayers have received notices that their tax refunds are being delayed because the IRS wants direct deposit information.

IRS AI projects fall by the wayside due to staff cuts
The Internal Revenue Service's efforts to leverage artificial intelligence are running into obstacles thanks to the severe cuts in staffing and budgets.

Springline adds Cg Advisory
The Top 100 Firm acquired New Jersey-based Cg Advisory, expanding its platform's presence in the Northeast.

Which firms planned for AI? Tax season gives us the answer
For many firms, a technology that was meant to make things better may instead prove to be yet another tax season headache.

Why tech advisory is right for accountants
Accounting and IT departments have long been working in silos, which often leads to numerous operational challenges. Accountants taking on the role of tech advisors can bridge this gap.

Massachusetts loses billions after millionaire tax
Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country.

Montclair approves tax hike for schools
Residents of Montclair, New Jersey, voted in favor of a one-time tax increase to help their cash-strapped public school system address an $18 million deficit.