Picture two things happening at the same time. The agency responsible for reviewing your tax return is understaffed and buried under a backlog; and the software that agency uses to catch filing errors just keeps getting better.
That combination should give any taxpayer pause this season. Not because an audit is necessarily coming, but because if something does go wrong, the window for getting it resolved quickly has shrunk considerably.
The IRS Is Running Lean, But It’s Technology Isn’t
The agency lost more than a quarter of its workforce in 2025. The National Taxpayer Advocate’s most recent annual report to Congress documented the drop: from roughly 102,000 employees to about 74,000. Those departures, through a mix of voluntary exits and layoffs, spread across nearly every division.
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Understanding Cash EBITDA
General Business News
April, 2026
While Cash EBITDA isn’t recognized by generally accepted accounting principles (GAAP), it’s a way for company owners and investors to account for deferred revenue during valuation modeling. This financial metric measures a business’ year-over-year change in postponed revenue to analyze a company’s financial situation.
Defining EBITDA
Before Cash EBITDA is defined, EBITDA must be defined.
EBITDA = earnings before interest, taxes, depreciation, and amortization
This metric is used quite often in financial analysis. Business owners, investors and financial analysts use this metric to examine different companies’ fiscal achievements against sector competitors and to determine the business’ profits from its core functions.
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7 Small Financial Habits for Big Success
Tip of the Month
April, 2026
You might have heard this saying, “A journey of a thousand miles begins with a single step,” which is from the Tao Te Ching by Lao Tzu. However, the principle of taking tiny steps along a path to achieve a larger financial goal is the much same. Here are a few things you can integrate into your daily life to hasten your journey.
Every Day, Invest in Yourself
It all starts with you and your mindset. Set aside a time and a place to each day to go over what your financial goals are for the day, not the year. What is your daily spending limit? What do you have to buy? Baby steps are your way to long-term goals. Remember, you are your most valuable asset.
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