The EFIN Verification Act would require validation of an EFIN through tax software prior to the electronic filing of any return or other document, and would not permit electronic filing unless an EFIN has been validated.
Lawmakers introduce bill to stop fraudulent tax returns
The legislation aims to prevent submission of fraudulent returns before they’re e-filed by requiring tax software to verify EFINs are active and authorized.
The Top 50 Firm received an investment from Genstar Capital and Aksia, which will be used to fuel the firm’s organic growth and M&A strategy.
More accountants working past retirement age
Nearly one in seven bookkeeping, accounting and auditing clerks in America is age 65 or more, and in some metropolitan areas it’s nearly one in four.
Trump signs bill extending tax relief to disaster victims
President Trump signed into law a bill extending the federal tax deduction for qualified disaster-related personal casualty losses.
AT Think These are the two AI paths for accounting firms
Firms’ AI strategy typically follows one of two paths: “optimizers” that use the technology to improve workflows or “transformers” who use it to redesign how the firm delivers value.
