irs must speed up tax return processing
six steps to making it happen.
by 卡塔尔世界杯常规比赛时间 research
tax
first tax filing reports are in
refunds are up; everything else is down.
by beth bellor
cut down your tax work in progress
bonus: it’s cheaper than adding capacity.
by frank stitely
the relentless cpa
want to increase profitability and client retention? manage projects effectively.
if you don’t have these measures, get them, or turn in your ceo title. if, as a value pricer, you’ve sworn off practice metrics based on productivity, you’ll learn nothing from this article. you just don’t have the numbers. mark cuban is on hold waiting to yell at you.
more by frank stitely
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there are only three ways to increase client happiness and thus increase retention:
- lower your prices
- decrease the turnaround time for client work
- increase quality
staffing, tech, prices top tax pros’ concerns
small businesses are advised to prepare for change.
join the busy season barometer. get the results
by 卡塔尔世界杯常规比赛时间 research
if you think we’re in for a year of stability and calm, you haven’t been paying attention.
whether you think the nation and the world are moving in the right direction or the wrong, one thing we can all agree on is: we’re in for some change.
more: more than 1 million erc claims still not processed | art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | art werner: beneficial ownership and control | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions
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if you need details on that, consider yourself lucky. return to your cave and go back to sleep.
on the other hand, if you’re an accountant, you need to stay awake, monitor the political-economic-financial situation and keep your clients advised. they need you now more than ever.
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more than 1 million erc claims still not processed
fraud didn’t help, but it’s not to blame for all of the delays.
by 卡塔尔世界杯常规比赛时间 research
congress established the employee retention credit to help businesses survive the covid-19 pandemic. the program saved a lot of companies – as evidenced by today’s buoyant economy – but many employers filed fraudulent or otherwise ineligible claims.
how many? at one point, the irs said that tax professionals were estimating that 95 percent of claims that came to them were ineligible. the professionals blamed “promoters” who were aggressively pushing people to apply regardless of the rules.
more: art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions | taxpayer advocate sees big improvements at irs
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in fairness to the employers claiming the tax credit, the rules were very nuanced, complex and hard to understand. while some of the claims were intentionally fraudulent, many were innocently ignorant of their ineligibility.
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tax pros see better year for those close to home
nationally … they’re not so sure.
by 卡塔尔世界杯常规比赛时间 research
cpas, enrolled agents and other tax practitioners are always on the front line of the economy. with offices in tens of thousands of locations across the country, they know who’s making money and who’s struggling.
according to early results from the 2025 busy season barometer, accountants have completely reversed their 2024 predictions for the economy.
more: art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | art werner: beneficial ownership and control | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions | taxpayer advocate sees big improvements at irs | ask tax clients the right questions | major changes to circular 230: implications for tax professionals | cornerstone report
exclusively for pro members. log in here or 2022世界杯足球排名 today.
a mirror image
what a difference a year can make. look how the numbers have switched places, almost as if in a mirror image.
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art werner: the godfather and tax issues | quick tax tip
the corleone family’s quest for legitimacy mirrors modern business succession planning.
subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google/youtube, spotify, iheart, deezer, amazon music, audible, player fm, audacy, rss.
quick tax tip
with art werner
cpe today
imagine a tax class inspired by “the godfather” by mario puzo. beyond its thrilling narrative of crime and family loyalty, this iconic novel is surprisingly rich in business succession and adaptation lessons. while such a class might remain hypothetical, its concept offers a fascinating lens for understanding contemporary tax issues like the corporate transparency act (cta).
at its core, “the godfather” chronicles the corleone family’s struggle to transition their empire from illegal activities to legitimate business ventures. this narrative mirrors the challenges many businesses face in succession planning: ensuring smooth continuity while navigating regulatory landscapes. for tax professionals, the story underscores the importance of understanding compliance and transparency requirements, particularly as they pertain to ownership structures.
what if you could start over?
spend a few minutes imagining a clean slate.
by ed mendlowitz
tax season opportunity guide
we all get caught up with what we do. sometimes so much that we lose sight of what we are doing and the purpose.
more by ed mendlowitz
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also, work happens. many of us start out with lofty plans that go astray as the practice develops. many things cause it – clients we get, availability or lack of availability of the right staff, how we choose to learn or not learn new things, and even where we locate.
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advanced tax preparers need managing, too
four best practices.
by frank stitely
the relentless cpa
managing advanced-level preparers sounds easier than it is. these preparers will all have blind spots that appear at inconvenient times. some won’t be able to adapt to your internal procedures, because they worked at firms without well-defined procedures.
we had one person who insisted on printing out the prior year tax returns and workpapers before beginning a return. she said she just needed the paper in her hands. that didn’t work for us.
more by frank stitely
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she asked to be paid on a salaried basis. when we agreed, she then demanded to be paid on an hourly basis. we agreed to that as well. then she wanted to go back to a salary. she believed that whatever we agreed to would be bad for her.
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the top ten problems the irs still needs to fix
despite improvements, substantial issues remain.
by 卡塔尔世界杯常规比赛时间 research
erin m. collins, america’s national taxpayer advocate, has been unusually complimentary in her annual report on the irs, but that doesn’t mean she hasn’t identified 10 problems that should be – and could be – fixed.
more: tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | art werner: beneficial ownership and control | quick tax tip | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions | art werner: corporate transparency act and fincen reporting | taxpayer advocate sees big improvements at irs | major changes to circular 230: implications for tax professionals | cornerstone report
exclusively for pro members. log in here or 2022世界杯足球排名 today.
all of these problems impact the tax preparation business. the impact is often indirect, hitting taxpayers who have a tendency to ask their tax preparers to do something about their particular problem.
read more →
tax pros gear up for a better busy season
survey respondents say a new year means new plans.
by 卡塔尔世界杯常规比赛时间 research
irs processing up; payouts down
figures for 2024 topped those of 2023 until it came to refunds.
by beth bellor
as the 2025 busy season kicks off and we wait for the first individual income tax return reports to trickle in, let’s take a peek at how the last drips of 2024 compared to the dregs of 2023.
more: tax pros are making changes for a better busy season | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions | art werner: corporate transparency act and fincen reporting | taxpayer advocate sees big improvements at irs | ask tax clients the right questions | major changes to circular 230: implications for tax professionals | cornerstone report | art werner: due diligence and irs enforcement | make ‘done but’ tax returns a thing of the past | six methods for getting paid faster this tax season | use humor to get tax documents in early
exclusively for pro members. log in here or 2022世界杯足球排名 today.
by the end of 2024, the internal revenue service had received 163.5 million returns, up 0.9 percent from the end of 2023. it had processed 163.5 million returns, up 0.3 percent, which included returns received in the prior or current year and processed in the calendar year.
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help tax clients help you
eleven steps to better instructions.
by ed mendlowitz
tax season opportunity guide
providing instructions of what a client needs to do must be clear enough so that the client doesn’t call you to find out what to do.
more: is your team ready for tax season? | six methods for getting paid faster this tax season
exclusively for pro members. log in here or 2022世界杯足球排名 today.
sometimes taking an extra minute to lay out what the client should do can eliminate that call or indecisive moment a client might feel.
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