Here’s what is happening this week in the accounting and finance world!

 

IRS: Shutdown Will Delay Tax Filing Season

Because of the government shutdown, the IRS is behind in programming and testing tax-processing systems. USA Today reported Tuesday morning that the IRS will not be able to process returns until at least Jan. 28, or possibly as late as Feb. 4. However the April 15 deadline will remain in place for taxpayers. Read more>>

Accounting Today Kicks Off GroPro2013

On Monday, Accounting Today kicked off their third-annual Growth and Profitability Summit in Orlando, Fla. Keynote speakers included Krista McMasters, Jay Nisberg, Ph D., Scott Bradley, Angie Grissom and many others. Read more >>

NCCPAP Demands Congress Prevents Further Tax Season Delays

NCCPAP’s president, Ed Caine: “The IRS announced the delay, but the American public understands that it is Congress calling the shots. We believe Congress is handicapping the IRS’s ability to serve its two major stakeholders: the general public and the federal government.  We believe cutting off the government’s income supply could be devastating and in order to avert significant economic effects, the IRS must stay open as usual.” Read more>>

Export Slowdown Threatens World Economy

Bloomberg reported this morning that the Hague-based CPB Netherlands Bureau for Economic Policy Analysis estimated global trade volume fell 0.8 percent in August, eroding a 1.8 percent jump of the previous month. It was the weakest performance since a 1.1 percent decline in February and left the three-month average lagging its historical pace. Read more >>

For more industry insights, visit our webpage.