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by 卡塔尔世界杯常规比赛时间 research
for the first time in a long time, the 卡塔尔世界杯常规比赛时间 busy season barometer is picking up signs of optimism among tax practitioners.
optimism! it seems kind of quaint today, like a rerun of mary poppins.
more: irs tops list of busy season problems | shut down the tax charlatans | tax pros preparing 46 percent of e-filings | eight quick, easy ways to fix irs filing | for a few: why busy season 2022 beats 2021 | a tax season worse than 2021? | 16 traits of the best tax clients | six fixable problems at the irs | irs under covid: heroes or goats? | irs launches 2022 season with “strong start” | two big (and obvious) ways irs could work with practitioners | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22
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but mary poppins, cpa, might have a bit of a hangover.
increases in clientele, revenue, profit
the 2022 barometer survey is asking practitioners how they expect this year’s results to compare with last year’s. and so far, expectations are generally looking good, with over half of respondents foreseeing increases in all performance categories.
- 55 percent see an increase in clients.
- 69 percent see an increase in total revenue.
- 59 percent see an increase in net profit.
- 68 percent see an increase in revenue per client.
- 57 percent see an increase in profit per client.
the majority of others are guardedly content to see no change from last year, which, when looking at what happened last year, is more like pessimism than optimism.
a significant minority see business going from last year’s bad to this year’s worse.
“not good,” says a small-firm respondent in west virginia who’s expecting a much worse year. “clients’ 2020 returns are still being processed. what happens when we claim a carry forward from a 2020 return that has not been processed? the first step to fixing a problem is recognizing there is a problem. it doesn’t appear as if the irs is doing anything to address the unprocessed returns.”
the numbers on the downturn side of the survey are low…unless, of course, you’re one of them.
- 12 percent see a shrinking of clientele.
- 10 percent expect total revenue to drop.
- 17 percent are sweating a decline in net profit.
- 6 percent worry about a dip in revenue per client.
- 11 percent figure profit per client will decline.
extensions could be problematic for many.
- 45 percent see an increase.
- 43 percent see no change from last year’s high.
- only 12 percent think extensions will decrease.
a pretty good year…if
mark e. rowe, with summit financial networks in boca raton, fla., senses a pretty good year in the offing…if the irs cooperates.
“expecting a top-line increase of about 50% and a variable cost increase of about 10%,” he says. “however, will have to work much harder for it, and dealing with the irs may be the x-factor.”
c.d. giedt, expecting this year to be the same or slightly worse, describes the situation as somewhat of a struggle, “slow but steady, covid fears, continued tech issues: software updates, maintaining equipment security.”
one anonymous respondent, teetering between a much worse and somewhat worse bottom line, says, “i feel as though the tax business will get better. we have plenty of job security. however, i worry that our clients’ lives will continue to be negatively affected by the economy and the new tax laws.”
that concern for the general economy, crossed with the usual troubles at the irs, are the most common cause of pessimism, and congress pops up quite often, too.
bobbie wavra-mouch, ea, owner of cincinnati’s bwm-inc, summed it up.
“same economy, small business struggling,” she reports. “many will go out, only the big firms will stay afloat, but a repeat of last year. continuation of irs failures. desperately need new commissioner, someone from the business area, business-oriented from a highly production-oriented background. too many lawyers are now on irs payroll. we do not need another ‘beverly hills’ high-priced lawyer. that’s the most important change needed immediately!”