In the News - May 13, 2024

In this week's edition of "In the News," we bring you the latest updates and insights from across the accounting world. Our roundup includes important IRS reminders about unclaimed 2020 tax refunds and advice on securing client data following a significant data breach. We also cover the newest technology features from Xero, celebrate outstanding firms recognized for their technological and service innovations, and highlight TurboTax's commitment to resolving filing errors. Whether you're interested in the latest software updates, security tips, or industry accolades, our curated news ensures you stay informed and ahead in the dynamic accounting world.

IRS News 

IRS Final Reminder: Claim Your 2020 Tax Refunds [IRS Press Release]

The IRS has issued a final call to taxpayers to claim approximately $1 billion in unclaimed tax refunds from 2020. These refunds are set to expire by May 17, 2024. Taxpayers who have not filed their 2020 returns are urged to do so immediately to avoid losing out on these refunds. Read more... 

Protect Your Firm After IRS Data Breach [IRS Press Release]

Following a significant IRS data breach, tax professionals are advised to bolster security measures to protect their clients' data. This article provides practical tips on enhancing digital security and ensuring compliance with regulatory requirements. Read more... 

Technology News 

What's New in Xero May 2024 [Xero]

Xero has announced its latest updates for May 2024, introducing new features designed to enhance user experience and streamline accounting processes. The updates focus on improving efficiency and providing more robust tools for financial management. Read more... 

Meet the Best Firms for Technology 2024 [Accounting Today]

Accounting Today has released its annual list of the best technology-forward firms for 2024. This list highlights firms leading the way in integrating technology into their practices, enhancing client services, and fostering innovation. Read more... 

Accounting News 

Woodard Announces Winners of the 2024 Top 50 Accounting Services Practice Awards [The Woodard Report]

The Woodard Report is proud to announce the winners of the 2024 Top 50 Accounting Services Practice Awards. This prestigious recognition is awarded to firms that demonstrate excellence in service delivery and innovation in accounting practices. Read more... 

Insightful Accountant's Top International ProAdvisors for 2024 [Insightful Accountant]

Insightful Accountant has named the top international ProAdvisors for 2024, recognizing outstanding professionals in the global accounting advisor community. These awards highlight the expertise and dedication of ProAdvisors in supporting international clients. Read more... 

Other Interesting Things We Found 

TurboTax Promises Refunds to Oregon Filers After Return Errors [CPA Practice Advisor]

TurboTax has committed to issuing refunds to Oregon taxpayers affected by filing errors in their tax returns. This move comes as the company aims to rectify the mistakes and maintain trust with its users. Read more... 

New ProAdvisor Training Medium Introduced [Insightful Accountant]

A new training medium for ProAdvisors has been launched, offering innovative educational resources designed to enhance the skills and effectiveness of accounting professionals. This platform is set to revolutionize ProAdvisor training and development. Read more...