tax

why ‘tick and tie’ needs to die

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businessman shaking hands with grim reapera 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
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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
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there is nothing wrong with this as long as the reviewer is experienced and really knows their stuff.
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data points down as tax season opens

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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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5 steps for tax season success

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man talking to woman with checklistapply consistency to service, processes and standards.

by ed mendlowitz
tax season opportunity guide

one way to guarantee extra work is to have everything always done differently each time it is done.

more on tax season: 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
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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.
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refund amounts remain lower than 2018

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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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1.6 million tax clients gone missing?

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chart of tax filing data for the week ending feb. 8, 2019
^ tax filing data for the week ending feb. 8, 2019

opening days show accountants filed only 40% of irs intake. blame the shutdown.

by beth bellor
卡塔尔世界杯常规比赛时间

the irs might have rushed into action as soon as the government shutdown ended, but it still is feeling the effects as all filing statistics remain on the downside two weeks in.

more: busy season: accountants worry for u.s. economy | tax shops bulk up for big busy season | busy season: the busiest ever? | survey: tax season launches with a whimper | 16 big questions for tax season | survey: tax accountants alarmed by tcja & shutdown

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as of the week ending feb. 8 – the latest data available – the internal revenue service had received 28.8 million returns, down 6.9 percent from the same week in 2018. it had processed 27 million returns, down 10.2 percent, for a processing rate of 93.8 percent.

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financial planning and the new tax law

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john napolitano will be appearing at the accounting & finance show. click here to learn more.
portrait of john napolitano
napolitano

c corp instead of s? paying down mortgages? so many questions.

by john p. napolitano
u.s. wealth management

the new tax act once again puts tax planning at the epicenter of financial planning. while most high-income taxpayers have always considered tax planning to be a core part of their financial plan and economic well-being, the tax cuts and jobs act makes a planning conversation between cpas and their clients even more natural than it already was.

see more accounting & finance show previews here

the biggest conversation piece for cpas with high-end or business-owner clients is the rate reduction for businesses. this discussion starts out with an assessment of whether this provision will apply to your clients. read more →