many of the most successful accountants in tax season 2014 found new growth and profits by leveraging new cloud and paperless technologies, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.
congratulations! you’ve survived another season of long nights, saturday workdays, cranky clients, buggy software and cutthroat competition. now it’s time to party, kick back, relax, reconnect and unplug.
the 卡塔尔世界杯常规比赛时间 busy season barometer is hearing it all. here are some of our favorite comments from some of our favorite readers…
sound off: busy season ‘much better’ than last year in client appreciation, software and fees
卡塔尔世界杯常规比赛时间 research
better software, well-prepared clients and some fee increases are spelling an improved tax season this year for many practitioners.
the annual 卡塔尔世界杯常规比赛时间 busy season barometer shows about 47% of some 1,191 practitioners canvassed in the last 30 days say their season so far is at least “somewhat” or even “much” better than last year’s. on the other hand, about 30% are reporting no change from last year and about 24% say business is “worse” including about 4% who call it “much worse.”
sound-off: busy season ‘much’ worse than last year.
卡塔尔世界杯常规比赛时间 research
the nation’s tax professionals are heading into the final days of the 2014 season brimming with optimism that all the hard work may be paying off. but the hard work isn’t over yet and it isn’t paying off for everyone.
pricing and fee pressures are surging as the hot-button issues this tax season, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.
to be sure, late or unprepared clients remain the single biggest issue, with 48% of more than 500 practitioners surveyed in february citing it, followed by tardy 1099s and k1s at 35%. those metrics are little changed from last february.
but this year, 31% of practitioners are complaining about pricing and fee pressures, which is triple the year-ago 10% figure.
the number of filings by tax professionals appears to have slowed or even reversed.
combined with data from the irs, it appears to 卡塔尔世界杯常规比赛时间 that the price-sensitive bottom of the tax market is getting raked over the coals this year. and it may represent an historic shift.
cch’s top federal tax analyst, mark luscombe, agrees, “it’s possible that tax professionals are trading away quantity for quality. they may be doing fewer returns, but focusing on the higher-value work.” read more →
last year at this time, 43% of practitioners were already scrambling to put more clients on extension than the year before, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.
卡塔尔世界杯常规比赛时间 busy season barometer survey findings:
tax season price wars:accountants scramble as competition surges for bread-and-butter tax work.
accountants joining the annual 卡塔尔世界杯常规比赛时间 busy season barometer poll are recommending regular rest and recreation among their leading survival strategies.
some know how to balance things just right, like vic butcher who says to “exercise every morning and go out for pizza and drinks every thursday night.” we can’t object to pizza and drinks, although alan gray would have us “eat and drink less.” read more →
most tax practitioners across the nation are preparing for the 2014 busy season with the hoping it can’t possibly be as bad as last year’s “worst tax season ever,” according to exclusive 卡塔尔世界杯常规比赛时间 polling.
about 61% of accountants today expect at least a “somewhat” or even “much” better season this year, according to the 卡塔尔世界杯常规比赛时间 busy season barometer, a tracking poll now approaching its 11th year. some 26% expect no change from last year, and 13% are bracing for “somewhat worse” or “much worse.”
in the 卡塔尔世界杯常规比赛时间 special report, responses and comments from more than 400 practitioners surveyed have been tabulated and analyzed. key findings:
pro member download
economic outlook for firms, clients, owners, and the nation in general.
practitioners’ forecasts for the upcoming season, compared with the forecasts from the same time a year ago and with 2013 actuals.
factors contributing to positive outlooks and factors contributing to negative outlooks.
top 10 challenges and concerns to prepare for and examples of how some practitioners are doing so
projections for key busy season metrics, including revenue, profit, client counts, extensions, revenue per client, and profit per client; compared with 2013 actuals and year-ago forecasts
the four key strategies shared by most practitioners with positive outlooks
the four important lessons learned from last year’s “worst tax season ever.”
the latest update to the topline results for the 卡塔尔世界杯常规比赛时间 busy season barometer shows additional confirmation of four key findings, beginning with the across-the-board problems of a late-starting season and buggy software.
how did your season compare? we’d love to hear. send your comments, rants raves, ideas, or questions to me here. – rick telberg
key finding #1: most practitioners, across all size firms, report a tougher 2013 than 2012. (see chart below for comparisons by size of firm.) read more →
tax and accounting professionals of all shapes and sizes, ranging in size from the soloist to the regional leader, are reporting a filing season markedly more problematic than the year before, according to the 卡塔尔世界杯常规比赛时间 busy season barometer. the data for april, still coming in, shows majorities of firms in all class sizes reporting “somewhat worse” or “much worse” performance and results this year.
busy season barometer
the 卡塔尔世界杯常规比赛时间 busy season barometer, now in it’s tenth year, is a real-time tracking poll of tax and accounting professionals’ sentiment, performance and results. as a reward for joining the survey panel, participants get early previews of top-line results and notifications.
in this report, we present the first wave of in-depth details, starting with a chart that shows the number of respondents reporting on busy season conditions.
those reporting a “worse” season include:
66% of solo practitioners
60% of firms with 2 to 10 professionals
70% of firms with 11 to 50 professionals
72% of firms with 50 to 100 professionals
53% of firms with more than 100 professionals
and:
we gather verbatim comments from the solo practitioners who reported a season “much worse” explaining their rating, and
we present their comments assembled into a word-cloud infographic that reveals at a glance the most oft-repeated issues and concerns.
for complete busy season coverage, click here. and stay tuned to 卡塔尔世界杯常规比赛时间 as we report on new developments in the data and analysis.
with tax season 2013 finally (gratefully) at an end, the latest soundings from the field show conditions continuing to deteriorate into the final hours, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.
in this report:
practitioners’ top five problems during the season (chart)
practitioners rate tax season from “better” than last year to “worse” (chart)
reports and analysis from practitioners around the nation, including florida, illinois, michigan, maryland, and pennsylvania.