survey: confronting coronavirus chaos
preparing for the new paradigm of economic and medical realities.
by 卡塔尔世界杯常规比赛时间 research
the four things you can expect: none of them good.
busy season barometer
tax pro irs filings lag by 532,000
self-prepared up by 5 million.
busy season barometer:
bracing for the coronavirus recession
join the survey. get the facts.
by beth bellor
the scourge of shoddy tax preparers
congress needs to step in … and make it stick this time.
by 卡塔尔世界杯常规比赛时间 research
are you a shoddy tax preparer? we doubt it.
more: tax season turns ugly under coronavirus | lessons from the trenches of tax season | coronavirus rattles tax season | the irs needs more to get more | more firms falling behind | does irs need a practitioner services division?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
pro membership in 卡塔尔世界杯常规比赛时间 demonstrates a certain commitment to professionalism – an understanding that tax preparation isn’t just a means of making money. it’s a responsibility and an obligation to do the job well.
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tax pro e-filings lag by 512,000 returns
refunds up on average, down in total.
by beth bellor
busy season barometer:
how does this year’s busy season compare to last year’s?
better, worse, or about the same?
tax season turns ugly under coronavirus
early optimism turns to fear and dismay as the covid-19 crisis spreads.
busy season barometer:
how does this year’s busy season compare to last year’s?
better, worse, or about the same?
by 卡塔尔世界杯常规比赛时间 research
whether the covid-19 panic is much ado about nothing or not enough being done about something, america’s tax and accounting practitioners are already seeing their early-season optimism shift into a mid-season nosedive.
more on tax season 2020: tech tools for working through the coronavirus | what’s not to like about tax season? | why ‘tick and tie’ needs to die | lessons from the trenches of tax season | coronavirus rattles tax season | tax season funnies: the ‘service’ in irs | can your reviewers answer these 10 questions? | top tech choices for the virtual firm |
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the 卡塔尔世界杯常规比赛时间 2020 busy season barometer has been fielding responses since early january. and, for a while, things looked good. until the end of february, early respondents generally saw their season moving along swimmingly, the economy booming, clients doing well, families hunky-dory. this year was going to be so much better than last year.
that was then. this is now. read more →
what’s not to like about tax season?
if you’re not happy, target why.
the 卡塔尔世界杯常规比赛时间 busy season barometer
benchmarks, trends & analysis
join the survey. get the results.
by ed mendlowitz
tax season opportunity guide
successful people are happy with their practices and what they do and get joy from interacting and helping clients. i know a lot of accountants who continuously complain about tax season – yet they make most of their money during the period.
more: can your reviewers answer these 10 questions? | what makes a good tax season client? | 5 tax review keys | 5 steps for tax season success | 12 ways to have more fun this tax season
do they expect someone to knock on their door with a wheelbarrow of money to hand them? if they are financially secure, why do they keep working? if they are not, then, duh! either do it or find something else, but stop complaining. better yet, look at all the benefits from what you do (if you need me to tell you the benefits then find something else to do).
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why ‘tick and tie’ needs to die
a rundown of seven types of tax return reviews.
the 卡塔尔世界杯常规比赛时间 busy season barometer
benchmarks, trends & analysis
join the survey. get the results.
by ed mendlowitz
how to review tax returns: the field-tested update
there are numerous ways to review tax returns. most reviewers have their own techniques, and some alter these based on
- the type of or size of the return, or
- who the preparer is or
- who the partner in charge of that client is.
more: use tax return prep for training and growth
there is nothing wrong with this as long as the reviewer is experienced and really knows their stuff.
read more →
lessons from the trenches of tax season
the points not taught in college.
by 卡塔尔世界杯常规比赛时间 research
卡塔尔世界杯常规比赛时间’ annual busy season barometer is always a useful instrument for peeking into other professionals’ tax prep practices. among the data that can mined from survey results:
- how other practitioners are doing this season
- how this season compares with last year’s
- what other practitioners are doing differently this year
- what practitioners have learned since last year
- how others feel business and the economy will go – for the nation, for their firms, for their families
- how practitioners rate their own firms – and why
more: coronavirus rattles tax season | the irs needs more to get more | more firms falling behind | does irs need a practitioner services division? | irs urged to form tax preparer strategy | accountants cautiously bullish on the economy | survey results: tax pros forecast a better 2020 | can the irs enforce the tax code?
what tax preparers have learned since last year is always especially interesting. the comments of professionals in the trenches are a list of all the lessons not taught in college. here are a few of them…
read more →
coronavirus rattles tax season
can you turn a crisis into an opportunity?
the 卡塔尔世界杯常规比赛时间 busy season barometer
benchmarks, trends & analysis
join the survey. get the results.
by 卡塔尔世界杯常规比赛时间 research
coronavirus—covid-19—is coming. don’t imagine it won’t reach your community. it will. and even if you manage to keep it out of your office, and even if its lethality is less than the flu, just the threat of covid-19 is already impacting many tax and accounting firms.
how accountants are preparing for the worst:
- do you have the portals, web-based apps, and cloud accounts necessary for staff to work from home? have you tested them? maybe you should have an everybody-works-from-home-day drill.
- do you have policies and procedures in place for home-based work?
- do individual staff have plans for caring for their family without disrupting work?
- have you prepared clients for the possibility of electronic delivery of data and documentation? do they understand what to do?
- are you ready to request filing extensions due to staff or client illness or local quarantine?
- have you established sanitation procedures for your office?
- do you have a vision of the worst-case scenario? this could include a) long-term quarantines of your office, other businesses, and all clients, b) widespread illness and absence of staff, c) general economic downturn, d) interruptions in cash flow, e) slower than usual responses from the irs, and f) well…what else can go wrong?
the 卡塔尔世界杯常规比赛时间 busy season barometer has always asked a variety of poignant questions about everything from the status of firms to the state of the economy. this is the first year, however, that it includes a question about disease. read more →
tax pros kick into high gear
profession accelerates e-flings, but struggles for market share.
by beth bellor
can your reviewers answer these 10 questions?
we’re nice and provide the answers just in case.
the 卡塔尔世界杯常规比赛时间 busy season barometer:
today’s bonus question:
are you ready for covid-19 conditions?
join the survey. get the results.
by ed mendlowitz
tax season opportunity guide
the primary people who should review tax returns are trained tax department reviewers. however, often the bunching and compression of work shifts some of the review to higher level, non-tax personnel such as audit managers and partners who might not necessarily have the comprehensive training, background and experience to handle everything that might come up during the tax preparation process.
more: what makes a good tax season client? | do your clients feel important? | 5 small leaks that can sink a tax season | 5 tax review keys | 4 reasons to push ahead with tax question research | one can’t-skip touch for tax season | 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness
additionally, in many firms, almost everyone on the staff prepares some returns. that lack of dedicated preparers with the trained skills places an added burden on the tax reviewers, making it important for them to have the range of experience needed to perform the review.following are 10 questions reviewers should be able to answer to qualify for their role.
read more →
the irs needs more to get more
tighter enforcement leads to more service needs.
the 卡塔尔世界杯常规比赛时间 busy season barometer:
today’s bonus question:
are you ready for covid-19 conditions?
join the survey. get the results.
by 卡塔尔世界杯常规比赛时间 research
between 2010 and 2019, the budget of the internal revenue service was cut by 20.4 percent, after adjusting for inflation. the situation has been severely aggravated by legislative changes that demand more work from the irs even as it has less to work with.
more: more firms falling behind | does irs need a practitioner services division? | irs urged to form tax preparer strategy | accountants cautiously bullish on the economy | survey results: tax pros forecast a better 2020 | can the irs enforce the tax code? | tax pros upbeat on cusp of busy season | irs undertakes overhaul
over the past decade, the irs has had to spend
- more than $2.6 billion to implement the affordable care act
- more than $500 million to implement the foreign account tax compliance act
- more than $600 million to implement the tax cuts & jobs act
10 reasons for my success
watch for opportunities.
the 卡塔尔世界杯常规比赛时间 busy season barometer:
today’s bonus question:
are you ready for covid-19 conditions?
join the survey. get the results.
by ed mendlowitz
call me before you do anything: the art of accounting
recently i was asked if i could provide some reasons for my success.
more: social security is an asset class | when clients don’t know | why you’re only as good as your staff | why tax time is the best time to get new business | becoming a ‘media star’ | don’t pass up opportunities | why we train on excel, word and adobe | stop pricing by the hour | getting by giving back
this gave me an opportunity to think about it and i came up with a list of 10 reasons that i am presenting here. i hope you take away some ideas from this. if you have your own list, i would appreciate it if you would share it with me.
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