tax season

shorter turnaround = happier tax clients

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woman with tablet wearing swimsuit sitting in beach lounge chair staring out at ocean

 

do you know your turnaround time?

by frank stitely
the relentless cpa

todd rundgren sang, “i don’t want to work. i just wanna bang on the drum all day.”

i agree with half of that. i don’t want to work. however, i want someone else to bang on the drum all day for me. i’m not that ambitious.

the key to achieving hall of fame-level laziness is delegation.

more by frank stitely
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if i have no ambition to do anything, but want things to get done, someone else must do them. similarly, effective practice management is putting the right people in the right places accomplishing the right tasks at the right times. that’s a pretty damn good definition of effective laziness as well. there’s a subtle genius in that.
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four problems with ‘quick’ tax questions

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they’re not always so simple.

by ed mendlowitz
tax season opportunity guide

i keep a few of the one-volume tax guides in my office so i could look up a quick answer when i need to. recently a golf buddy emailed me a question that i thought i could answer quickly. he wanted to know that if he was in the “zero” percent capital gains tax bracket, did that apply to an unlimited amount of capital gains? sounds like a simple question.

more by ed mendlowitz
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well i looked it up online and then in three one-volume tax guides. only one source had thorough coverage of the issue. i ended up spending an hour on this “simple” question including my emailed response. nothing is simple anymore.

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tax returns nearly match 2024 rates

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data table

refunds still are the only positives.

by beth bellor

tax season grinds on and the number of returns is about the same as last year, according to the internal revenue service.

more: tax pros edge diyers in e-filings | tax refund totals up 7% | tax pros handle 46% of e-filings | tax refund totals up 10% | tax refunds plummet, but no worries | tax refunds up 18% early on | first tax filing reports are in
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the agency had received 79.6 million individual income tax returns as of march 21 – the latest data available – down 1.1 percent from the same period in 2024. it had processed 78.7 million returns, down 0.7 percent.
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