tax season

tax practitioners say happy days are here … again

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seventy percent report as good or better year than last year.

 

for most, anyway.

by 卡塔尔世界杯常规比赛时间 research

the first results of the 2024 busy season barometer: emerging issues, opportunities, and trends are in, and so far, halfway into the tax season, accountants and tax practitioners are reporting another pretty good year.

that’s two in a row!

more: the irs is coming! get your clients into compliance | end tax season meetings with clients … seriously | brandon hall: firms try to make too much on tax prep | eight steps to getting started with ai: a guide for tax professionals | the nightmare of non-credentialed tax preparers | tax pros are expanding and earning more
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last year, 58 percent of survey respondents said their year was much better or somewhat better than 2022, which, as you may recall, had been a rather rotten year.

so when only 32 percent of this year’s contributors say this season is better than 2023, it doesn’t mean fewer are having a good year. it means almost a third are reporting a year better than a good year.
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got fomo when it comes to ai and chatgpt? you should: here’s what you’re missing

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… not to mention $856 per week per employee in savings.

by sandi leyva

in the 10 months that i have been teaching chatgpt, i’ve noticed about a third of my webinar participants have set up a free account with openai’s chatgpt, where they have access to chatgpt version 3.5. another third have invested a whopping $20 per month for the paid version, and the remaining third don’t have an account at all. a tiny number of participants are lucky enough to have companies that have invested in the enterprise version of the software.

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

and these are accounting and tax professionals who are eager to learn chatgpt. if you haven’t embraced the paid version of chatgpt (individual, teams or enterprise), it’s time to learn what you’re missing.

 

 

check out our courses on chatgpt,
offered as a deep discount bundle or separately.
webinar schedule:
more chaptgpt here

while the free version of chatgpt can generate answers to thousands of questions, it can’t:

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tax pros handle 46.4% of e-filing

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the happy news for taxpayers: refunds are up.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the tax deadline, as most americans define it, is drawing closer, and the country’s tax pros are gaining about 2 percentage points a week in market share of tax filings. go, accountants!

more: tax refunds, tax pro market share trending up | refunds up as tax pros tackle 41.5% of e-filings | tax pros handle 37.7% of e-filings | tax pros file 33% of early returns
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the internal revenue service had received 54 million individual income tax returns, down 1.7 percent, as of march 1, the latest data available. it had processed 53.2 million returns, down 2 percent from one year ago. the 2024 season has been seven days shorter than the 2023 season because of a later start date.
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randy crabtree: stress management for overworked accountants

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tax chat ’24: how to pause and recharge when you hit the wall in tax season.


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with seth fineberg
for 卡塔尔世界杯常规比赛时间

randy crabtree, perhaps best known as the host of the unique cpa podcast, tells seth fineberg in this episode of tax chat ’24 that tax practitioners can avoid tax-season burnout with just a few simple shifts in their workflows.

more crabtree: follow these 3 rules to keep employees happy

more takeaways:

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the irs is coming! get your clients into compliance

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10 million high-income taxpayers targeted.

by eric green

those of us in the know have been saying for a while now that the irs is sending a “wave” of tax notices, and you need to prepare your clients for compliance and, ultimately, remittance and resolution. well, that day has finally come.

the irs is launching its long-awaited effort to crack down on high-income taxpayers who have failed to file tax returns.

more in tax: eight steps to getting started with ai: a guide for tax professionals | what’s your value to your tax clients? | are you excited about tax season? | what the corporate transparency act means for accountants | train now before it costs you down the road | surge pricing: what works for uber could work for cpa firms | uncooperative partner might not be the problem | it’s time to fix the problem of qtips and llcs

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for practitioners, many taxpayers will be scrambling for help from tax professionals.  understanding how to handle these taxpayers when they come in will have a real impact on how painful the re-entry into the tax system is going to be.

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