tax season is hacker season

checklist: five things to do today to protect your firm and your clients.

the 卡塔尔世界杯常规比赛时间 busy season barometer:
new year, new strategies

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by jess coburn
applied innovations

businesses of all sizes are targets from what has become the most vicious, innovative, and lucrative criminal endeavors we’ve ever witnessed. and tax practitioners are particularly easy targets.

more on busy season 2020: irs urged to form tax preparer strategy5 small leaks that can sink a tax seasondata points down as tax season opensthe fight for new tax clients5 tax review keystax pros forecast a better 2020 |  see all tax season 2020 coverage here

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the financial services industry is perhaps the most targeted because of the value of data it possesses. and the most frequently targeted are cpas and those who prepare tax returns.

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data points down as tax season opens

data chartdiys, refunds are up.

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new strategies?
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by beth bellor

filings were behind last year’s marks as tax season opened, according to the irs, and pros handled about 35 percent of e-filings.

more: the fight for new tax clients | 5 tax review keys | treat review procedures like quality control |  survey results: tax pros forecast a better 2020 |  can the irs enforce the tax code? |  tax pro’s upbeat on cusp of busy season |  use tax return prep for training and growth |  irs undertakes overhaul  | all 2020 tax season coverage
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the internal revenue service received 15.8 million individual income tax returns for the week ending jan. 31 – the first of the season and just five days long – down by 1.6 percent from the year before. it had processed 12.9 million returns, down 2.7 percent, for a processing rate of 82 percent.
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accountants cautiously bullish on the economy

the 卡塔尔世界杯常规比赛时间 busy season barometer. join the survey. get the results
the 卡塔尔世界杯常规比赛时间 busy season barometer. join the survey. get the results

“local optimism” a bit better than last year.

the 卡塔尔世界杯常规比赛时间 busy season barometer
new year, new strategies.

join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

when cpas talk about the economy, people listen. they listen because accountants have their finger on the pulse of the economy. they look at real numbers all day. they look at where the numbers are coming from and where they’re probably going. it’s what they do.

more: pros improving performance | can the irs enforce the tax code? | tax pros upbeat on cusp of busy season | irs undertakes overhaul
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for that reason, 卡塔尔世界杯常规比赛时间’ 2020 busy season barometer steps back from strictly tax issues to ask how things look economically. the answers are always interesting.

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the fight for new tax clients

bar chart
by 卡塔尔世界杯常规比赛时间 research

and will refunds reverse their downward trend?

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new strategies?
join the survey. get the results.

by beth bellor

the irs is about to roll out its first filing statistics of 2020, but before it does, let’s recap 2019.

more on tax season: pros improving performance | can the irs enforce the tax code? | tax pros upbeat on cusp of busy season | irs undertakes overhaul
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first, the market share: how many individual income tax returns were filed, and how many of those were touched by accountants?
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[survey results] tax pro’s upbeat on cusp of busy season

higher revenues and net profits. what’s not to like?

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new plans?
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by 卡塔尔世界杯常规比赛时间 research

it may be too soon to say for sure, but america’s tax pros think we might be coming up on a pretty good tax season – more clients, no big new tax rules, software up and running, staff up to speed on last year’s tax cuts and jobs act.

more: irs undertakes overhaul
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granted, this is a comparison with last year, an annus horribilis that will go down in annals of accountancy. remember? a major overhaul of tax rules. a shortage of new forms. software suddenly obsolete. clients confused. and the irs shuttered for a government shutdown.
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use tax return prep for training and growth

man and two women talking in officeplus: 10 reasons to improve your review process.

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new plans?
join the survey. get the plans.

by ed mendlowitz
how to review tax returns: the field-tested update

tax season is a microcosm of everything done in an accounting practice.

more mendlowitz: 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 | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

one of the primary concerns of a business is having the proper processes and quality control procedures.

choosing how to properly use the reviewers’ time and interface them with the staff can contribute immensely to a smooth tax season.
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the only three metrics you need to measure staffers

a totally virtual firm takes a new tack.

by jody grunden
summit cpa group

if you want to grow your accounting firm, it’s important to evaluate the effectiveness of your process on a regular basis. you want to be aware of what’s working well and what’s not. you also want to continually be improving upon your services over time.

more grunden: misconceptions and truths about remote work  |  how summit cpa group is pioneering virtual cfo services

there are three things you can specifically monitor when it comes to the effectiveness of your team. here’s how we do it at summit cpa group. maybe these ideas will work for you too.
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refund amounts remain lower than 2018

data chart
cumulative through week ended march 29

tax pros handling 54.3% of e-filings, down 2 points from year ago.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the pace of 2019 remains behind that of 2018 on most counts as the tax season stumbles to a close.

more: who’d like a friend in the irs? | hello, irs? anybody home? | tax pro e-filing off 2.7% from last year’s pace | tax professionals file 38 million returns | refunds still up, but only by 0.7%
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the irs had received 92.9 million individual income tax returns as of the week ending march 29, the last data available, down 1.4 percent from the same period last year. it had processed 90.3 million returns, down 2 percent.
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is the irs about to get beefed up?

today’s bonus question: lessons from tax season to apply to 2020?

trump proposes 5% boost to the irs budget, reversing years of cutbacks and declines.

busy season barometer
today’s bonus question: what are firms learning from tax season 2019, that they’ll apply in 2020?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

after many years of increasing austerity—and some would say crippling austerity—the irs may have bottomed out. despite broad cuts proposed in the overall 2020 federal budget, president trump has included an additional $362 million—a five percent increase—for the agency that gathers the funds that keep the united states in business.

more busy season: tax season funnies: april fool is when?  |  wanna change the tax world?   |  how the irs hides its legal decisions  |  tax season 2019 serves up a taste of the future  |  the biggest reason fraudsters run rings around the irs  |  the irs free-file flop  |  protect your clients’ assets  |  the demise of schedule a?  |  tammy’s tale of tax season tardiness  |  how effective project management makes your life easier  |  survey: busy season goes sour   |  when clients cash out: four smart financial moves

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if congress approves the budget as proposed (and that’s bound to be an exciting story), the irs can begin—just begin—to recover some of what has lost over the last decade or so.

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