Taxes
Tax Gap For 2022 Estimated At $696 Billion, IRS Says
The projected gross tax gap for 2022 is down $12 billion from a revised 2021 tax gap of $708 billion, the agency said Oct. 10.
Jason Bramwell
Jason Bramwell is senior staff writer for CPA Practice Advisor. He has nearly 25 years of professional writing experience, the last nine covering the accounting profession. He most recently was a staff writer and editor at Going Concern, and he previously spent five years as a staff writer and editor at AccountingWEB. He can be reached by email at jbramwell@cpapracticeadvisor.com.
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Accounting
Numeric Raises $28 Million in Series A Funding
The new $28 million in funding comes on the heels of a $10 million seed round announced five months ago.
Accounting
How the Accounting Community is Rallying Around Victims of Hurricane Helene
CPA Practice Advisor wants to highlight those who have begun or are in the process of mobilizing efforts to help those impacted.
Small Business
Small Businesses Hit a Hiring Slump Across the U.S. in September, CBIZ Index Shows
After rebounding in August, hiring significantly slowed last month among small businesses throughout the country, CBIZ said.
Payroll
Finance Sector Hit Hardest By Job Scammers, Report Finds
The report from Heimdal Security reveals job scammers' top tactics and targets based on an analysis of 2,670 social media posts.
Accounting
Bloomberg Tax & Accounting Launches Innovation Studio
The new AI Assistant is the first feature released within the Innovation Studio, which is being called "an ideation environment."
Payroll
Private Assets in 401(k) Plans Pique Investors' Interest
Over one-third of plan participants would allocate assets in private equity and private debt, a Schroders survey found.
Taxes
Taxfyle and Column Tax Partner on End-to-End Embedded Tax Solution
The solution will support users with offerings such as DIY taxes, on-demand tax consultations, and full-service professional tax offerings.
Auditing
Finance Leaders Want Their Organization's Audit Firm to Use AI—Immediately
Before engaging with an auditor, 64% of finance leaders say they look for the audit firm to use AI, according to a new BDO USA report.
IRS
Treasury, IRS Issue Guidance on Long-Term, Part-Time Employees in 403(b) Plans
In addition, the Treasury Department and the IRS announced a delayed applicability date for related final 401(k) regulations.
Taxes
Wolters Kluwer Provides Insights Into 2024 Natural Disaster Tax Relief Options
Crucial tax relief opportunities may be available to those affected by recent natural disasters, such as Hurricane Helene.
Taxes
IRS Proposes Regs to Exempt Tribal-Owned Companies From Income Tax
During discussions with Treasury, tribes had requested rules on the federal tax classification of entities owned by tribes.