nt
news & trends
The IRS needs to end the vicious cycle of paper backlogs . As employees are trained and report for duty , I expect we will start to see improvements in service , probably by the middle of 2023 .
— National Taxpayer Advocate Erin M . Collins
THE numbers
No . 1
California ’ s rank in average loss amount due to online identity theft .
— Wallet Hub
58 %
The number of companies that do not have a formal digital transformation plan or approach to meet marketplace demands .
— Topline Strategy
$ 297B
The proposed 2023- 24 California budget .
— CalMatters
CFO Checklist
A recent survey of CFOs found the following issues top of mind :
85 % 53 % 49 %
Expect significant or moderate company growth into 2023 — even as many face challenges in the digital era .
Said improving treasury operation efficiency is a top priority .
Identified cost efficiency as the primary strategic imperative for the new year .
— Treasury and PNC Back
41 %
The number of people who stopped putting money into a retirement fund in 2022 due to cost-ofliving hikes .
— U . S . News and World Report
173M
The number of calls received by the IRS in FY 2022 , of which 22 million got through to an IRS employee .
— IRS
32 %
The number of companies that do not consider climate change in risk analysis .
— Institute of Management Accountants www . calcpa . org MARCH / APRIL 2023 CALIFORNIA CPA 5