over 46 percent of respondents expect a five to ten percent expansion of clientele, and another 13 percent say theirs will swell by more than ten percent.
in van nuys, calif., steve glick came up with a new concern: “now the software companies—turbotax, intuit, etc.—are competing against their customers by preparing tax returns.”
gretl siler, at succentrix business advisors, in panama city, fla., has the problem everyone wishes they had, plus the one everyone wishes they didn’t. she says, “note that i am not having any problem with increasing prices or with competitors. the problem is too many new clients and staffing… plus the irs is still terrible.”
to be sure, there’s bob langworthy, the founder of southern maine’s management accounting. he couldn’t name a single concern. “none!” he says. “we served 1,000 clients last year and already have more than 200 committed new clients this season.”
for 2023, the 卡塔尔世界杯常规比赛时间 busy season barometer expanded the list of possible concerns, 24 in all, plus an “other” option. it’s our longest list ever, and accountants checked off each and every possible worry.
lack of audits on president trump triggers an investigation.
by 卡塔尔世界杯常规比赛时间 research
should the president and vice president of the united states be a little above the law, a little privileged, a little exempt from audits of tax returns?
the answer would seem obvious. and while these top-level executives aren’t explicitly exempt, they do wield power over the internal revenue service, and the president signs into law bills that could affect his or her personal financial situations. and in today’s almost even split of the senate, the vice president often casts a deciding vote on such bills. read more →
keep your financial statement audit off the naughty list.
by sarah timmons
timmons
sarah timmons is a chief auditor with auditclub.cpa, which provides on-demand audit and assurance review support for work papers, financial statements and engagement quality control reviews, as well as quality control and training services, and more to audit departments of cpa firms of all sizes.
as december flies by and busy season quickly approaches, it’s time to reflect on the successes and shortcomings of the past to plan for the first quarter of the new year.
effective and efficient audits are the result of proper planning and, most of all, communications – with your staff, your client and, sometimes, your therapist.
here is a checklist of some simple tasks to help make the audit season a bit less stressful:
dodge the perfect storm of quiet quitting, the great resignation and busy season.
by chis vanover
vanover
chris vanover is an outspoken survivor of the big 4 and pcaob and has committed himself and auditclub.cpa to helping transform how public accounting firms deliver audit and assurance services.
the accounting industry is facing a growth in demand but suffering a squeeze on available talent.
bloomberg tax calculates that the number of accountants and auditors employed fell 17 percent between 2019 and 2021. the shortage starts on the supply side: the number of u.s. students completing bachelor’s degrees in accounting declined from 2016 to 2020, according to the aicpa’s 2021 trends report.
the short supply is aggravated by high turnover and growing demand. accountants have been leaving corporations and audit firms in record numbers. though it’s been expected for some time that baby boomer retirements would produce a talent crunch, the crunch has been earlier and tighter than expected because of the great resignation. read more →
more than 90% of accountants say they are pressured to close books faster.
by 卡塔尔世界杯常规比赛时间 research
bookkeep, an accounting automation platform, has landed a $6.6 million seed round of funding led by fin capital, with participation from existing investors ttv capital, argonautic ventures, lerer hippeau, haymaker ventures and others.
accounting leaders say these are the issues firms must face.
by 卡塔尔世界杯常规比赛时间 research
as gale crosley of crosley+consulting notes in the 2022 rosenberg survey, we are in the midst of “an unusual year of high uncertainty, unpredictability and sapped energy among our profession’s leaders.”
yes, indeed. the profession, once characterized as staid and stable, has been hit by a confluence of what crosley calls “four major thunderbolts,” to wit:
i believe the additional irs agents will create significant pressure on accounting firms to increase staff and costs associated with client audits. this will create pressures to take advantage of tax credits and incentives, but firms must do this with third-party providers with impeccable reputations.
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