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After 'successful' season, new IRS problems loom: TAS

Accounting Today

The service received nearly 141 million individual income tax returns and processed about 138 million this tax season, according to the National Taxpayer Service "Objectives Report to Congress" for Fiscal 2026. Refunds averaged $2,942; slightly more than 81 million refunds were issued via direct deposit.

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How Accounting Automation Can Save Your Business Time and Money

Nanonets

This could explain the high growth of the accounting software industry, estimated to reach $12 billion by 2026. Accounting automation solutions can handle tasks like depositing funds, calculating pay, syncing with time-tracking software, and managing payroll taxes.