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Tax Stats: June 2012

Our monthly collection of statistics from the world of tax

Our second tax stat for June shows why so much effort at the IRS is going into automated systems -- they bring in more money.

Systems, it seems, are more efficient than people: IRS field audits yield by far the lowest ROI. So it's a good thing the service did only 525,000 of them (for 1040s only), compared to 1.2 million mail audits, and 4.7 million CP 2000 notices.

Source: Beyond415

Automated matching systems at the IRS send out millions of notices of underpayment to taxpayers, and add $6.5 billion annually to the U.S. Treasury -- but they're not as scary as they seem: Fully a third of notices result in no additional tax.

Source: Beyond415



Dumbest Employee Excuses for Being Late

Running a little late could have big repercussions, especially at a firm in the midst of busy season. From escaped zebras to must-see TV, employers told CareerBuilder some of the most memorable excuses they've heard from tardy employees.

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Common Taxpayer Misconceptions

The NAEA’s collection of ridiculous things tax clients believe

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The 10 Fastest-Growing Firms in the U.S.

The firms with the highest 2013 revenue growth in our Top 100 Firms/Regional Leaders list

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Top 10 Tech Trends for 2014

As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments. As we begin 2014, James Cashin, partner at McGladrey, has identified 10 common strategies in how companies are capitalizing on their IT investments to best implement process improvements and increase performance.

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Most Unusual Sales Tax Changes Last Year

The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.

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Strangest Tax Deductions

The Minnesota Society of CPAs recently conducted its annual CPA member survey about the most strange and unusual tax deductions proposed by clients. The responses included everything from pets and wedding rings to gifts not given.

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A Taxpayer Bill of Rights?

The Taxpayer Advocate proposes a list of rights — and responsibilities

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The Top Stories in Accounting in 2013

Our editors’ picks for the biggest stories in accounting in 2013

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10 Ways to Attract Talent and Show Off Your Firm’s Assets

Is your firm attracting the right kind of candidates—or any candidates? Dawn Wagenaar, a principal at the accounting and professional consulting agency, Ingenuity Marketing Group, offers 10 ways for firms to attract the hottest talent.

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The Top Accounting Technology Stories in 2013

Our editors’ picks for the biggest technology stories in 2013

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