-
TIGTA says IRS is missing out on sports betting cash
The surge in sports betting has generated substantial revenue for gaming operators, yet the IRS is reportedly overlooking significant tax income, according to a recent TIGTA review. The analysis of approximately 43m tax forms from 2018 to 2020 revealed around 150,000 individuals who won over $15,000 failed to file tax returns on those earnings. The…
-
Organizations urged to improve implementation of cyber resilience measures
A PwC poll of 4,042 business and technology executives from 77 countries has found that just 2% of organizations have fully implemented cyber resilience actions across all areas surveyed. The 2025 Global Digital Trust Insights survey found that critical areas lacking implementation include the establishment of a resilience team; the development of a cyber recovery…
-
IRS mobilizes for disaster response
In response to Hurricane Helene, the IRS is deploying over 500 employees to assist the Federal Emergency Management Agency (FEMA) with disaster relief efforts. These employees will help manage FEMA’s call lines, providing crucial support to victims seeking federal assistance. The IRS has a long history of aiding FEMA during emergencies, having answered over 1.6m…
-
Chinese tell PwC’s global chair to change corporate culture
China’s vice-finance minister, Guo Tingting, has met with PwC’s global chair, Mohamed Kande, following a significant fine imposed on PwC Zhong Tian, the firm’s mainland unit. The unit was fined 441m yuan (US$62.2m) for its auditing failures related to the bankrupt China Evergrande Group. Guo expressed hopes that PwC would adhere to Chinese laws and…
-
Tax refunds made easier for California’s property owners
Property owners in California will find it easier to receive tax refunds following the signing of Assembly Bill 3134 by Gov. Gavin Newsom. This new legislation, introduced by Assemblymember Phillip Chen, allows county assessors to issue automatic refunds without a claim if the amount is less than $10,000, up from the previous limit of $5,000….
-
Schellman becomes first certification body for ISO AI standard
Top 50 firm Schellman has become the first ANSI National Accreditation Board-accredited International Organization for Standardization 42001 certification body, allowing the firm to certify organizations on the world’s first artificial intelligence management system standard.
