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News
IRS upped overtime amid staff reductions
3+ mon, 3+ week ago (264+ words) Revenue Service has increased the amount of overtime hours and pay for its employees after extensive staffing...
IRS AI projects fall by the wayside due to staff cuts
5+ mon, 2+ week ago (786+ words) efforts to leverage artificial intelligence are running into obstacles thanks to the severe cuts in staffing..."However, future IRS funding, strategy and staffing levels are uncertain," said the report....hardware investments, but they didn't include costs such as ongoing maintenance…...
IRS navigates tax season amid staffing cuts
5+ mon, 4+ week ago (328+ words) Revenue Service managed to get through the tax filing season last year despite extensive budget and staffing...
Capitol Hill staff won't rule out year-end bipartisan tax deal
3+ mon, 2+ week ago (373+ words) Capitol Hill tax staff haven't ruled out an end-of-year bipartisan tax package to adjust retirement fixes...Prichard appeared alongside tax staff representing all four corners of Senate Finance and Ways and Means...
EY tells US tax staff to work from office three days a week
5+ mon, 1+ week ago (343+ words) EY has told U.S. tax staff they need to be in the office an average of three days a week, in a tightening...Staff in the accounting and consulting firm's U.S. tax business will be required to work on the premises...At…...
From CPA to financial chief of staff
8+ mon, 3+ week ago (456+ words) For many successful families and business owners, financial success can feel like a separate full-time job. Tax and investment decisions ripple through every part of a family's finances. The pace of regulation, changing markets and evolving estate laws make it…...
On the move: Smith + Howard names chief of staff
11+ mon, 3+ week ago (147+ words) IFRS appoints new trustee; IPSASB announces new and returning board members; and more news from across the profession. The National Association of State Boards of Accountancy and the American Institute of CPAs today released an exposure draft proposing changes to…...
Accounting and tax staff worry AI threatens jobs
5+ mon, 3+ week ago (315+ words) However, accounting and tax employees aren't necessarily opposed to the use of AI. The survey found 70% of the financial services respondents believe their employers could do more to invest in AI skills, while 71% of financial services workers who responded believe…...
Shutdown threatens to hit IRS as Trump touts massive tax refunds
7+ mon, 2+ week ago (1105+ words) A shutdown would hit a beleaguered IRS already weathering leadership shakeups, staff cuts and changes...During last year's record 43-day shutdown, the agency furloughed just under half of its staff, requiring...Experts said they expected a bigger portion of the…...
Tax Strategy: The impact of cuts and the shutdown on the IRS
10+ mon, 2+ day ago (1150+ words) Between January and May 2025, staffing was reduced from around 103,000 employees to around 77,000, or...Although we had known the numbers of reduced staffing, it was not clear what functions were impacted.../Self-Employed Division 67% of its staff, and the Tax-Exempt and Government…...