“worst tax season ever.” “the death of the 1040 practice.” “i’m retiring.”
by frank stitely
since the end of tax season, cpas voiced apocalyptic concerns. you can blame this latest meat grinder of a tax season on congress, competition from turbotax, and the irs.
or you can recognize that three trends are converging that will either transform your practice or eliminate it. read more →
taxpayers surge into e-filing.
growth in do-it-yourself electronic filing of tax returns is advancing by more than 4% this year. but among tax professionals, it’s flat this year, after a 3% decline last year.
seven hot topics that “pushed a button.”
tax guru bob jennings (cpa, ea, cfp, and rtrp) has been polling past attendees of his cpe seminars about tax season 2013.
clearly, tax professionals are still seething. “we sent our survey out and it must have pushed a button because the responses overwhelmed our servers,” says jennings, taxspeaker.com.
the results may not surprise you. but they are sobering nevertheless.
he offers new data on
here are the highlights so far: read more →
a new 卡塔尔世界杯常规比赛时间 analysis of long-term tax season activity shows how tax professionals may be working harder and enjoying it less. we’ll let two charts speak for themselves.
– rick telberg
even as tax professionals have been increasing the number of e-filed tax returns…
the nation’s tax accountants failed in the final days leading up to april 15th to close the gap commonly attributed to early-season delays and confusion, according to the latest data available.
but if the shortfall holds through coming weeks of data gathering, 卡塔尔世界杯常规比赛时间 believes it could mark a significant and serious downturn in the future of the tax prep industry.
in this report:
true or false: you had the worst tax season of your life this year.
new data obtained by 卡塔尔世界杯常规比赛时间 shows that 84 percent of small-business owners are now paying an independent tax practitioner or accountant to handle their taxes.
in addition, an increasing number of small business taxpayers appear to be taking advantage of sec.179 expensing and bonus depreciation.
the new report available from 卡塔尔世界杯常规比赛时间 includes information on:
those who know ed mendlowitz, author of the 卡塔尔世界杯常规比赛时间 tax season opportunity guide, know that he doesn’t like extensions. however, there are valid reasons for extensions.
ed grudgingly admits to 12:
at this rate, practitioners may be on track to make the april 15 deadline, but just barely. at the same time, the number and proportion of self-prepared returns continues to rise. it has been estimated that between 2010 and 2012 some 12 million taxpayers dropped out of the paid-preparer market to go to do-it-yourself software programs. and that trend is clearly continuing.
in this report: the box score so far this season, compared to year-ago periods. read more →
practitioners should consider how many of these mistakes they might be making right now, from ed mendlowitz, cpa and author of “the tax season opportunity guide.” read more →
by ed mendlowitz
adapted from the 2013 tax season opportunity guide
one way to guarantee extra work is to have everything always done differently each time it is done.
not establishing uniform procedures is bad business and unnecessarily consumes part of your life.
consistency in performance reduces work and review time and creates a greater reliance on the staff people.
checklist: read more →
will this be remembered as another “tax season from hell?”
join the survey; get the updates.
by rick telberg
卡塔尔世界杯常规比赛时间 research
the last time tax professionals slogged through a tax season from hell, it was 2008, the financial world was crashing into a million little pieces, and 1 in 4 accountants was reporting disastrous operations.
before that, long-timers might recall 1995, when the irs deployed a filing fraud crackdown that delayed millions of refunds.
more tax season research: tax pro’s turn negative on busy season | busy season outlook 2013 | top tax season trends, issues and opportunities
this year, with the irs opening the filing gates not until march 4, could 2013 become another one for the record books?
in the latest update to the 卡塔尔世界杯常规比赛时间 busy season barometer, topline findings include:
help them to do what you want.
by ed mendlowitz
adapted from the 2013 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.
sometimes taking an extra minute to lay out what the client should do can eliminate that call or indecisive moment a client might feel.
the object of the instructions is to have the client do what you want them to do. read more →
