<![CDATA[ Audits on the rise; law vs. accounting; your summer hours’ note; and other highlights from our favorite tax bloggers. ]]>
Day: May 23, 2023
Congress introduces AICPA-backed bill to ease tax extensions
<![CDATA[ A pair of lawmakers proposed bipartisan legislation to streamline the tax filing extension process. ]]>
Small biz says AI will let them hire fewer people
<![CDATA[ A recent survey has found 44% of small-business owners saying they expect to hire fewer people in the future because of AI capabilities. ]]>
Companies seek internal auditors when they get in trouble
<![CDATA[ Internal auditors are in especially high demand by businesses that have faced recent public failures, according to a new study. ]]>
A stolen payment card number costs just $7
<![CDATA[ People can lose thousands upon thousands of dollars if their payment card number is stolen, but for the one who used it, the cost was around seven bucks. ]]>
Supreme Court upholds exception to notice requirement for third-party summonses
In a unanimous decision, the Court held that the IRS does not have to notify third parties named in a summons when it seeks access to records held at institutions such as banks in aid of collection of a tax assessment.