survey: tax accountants alarmed by tcja & shutdown

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busy season barometer launches for the 16th year.

by 卡塔尔世界杯常规比赛时间 research

tax practitioners of all stripes across are expressing fear, uncertainty, and doubt in the run-up to busy season 2019, according to preliminary results to the annual 卡塔尔世界杯常规比赛时间 busy season barometer.

the tracking poll, now in its 16th year, takes a daily measure of the challenges, opportunities and winning strategies of the new tax season.

“with the unknown effect of the federal government shutdown on the irs and some of the new provisions of the tax cut and job act,” says one tax accountant, “we are anticipating more issues this year than in prior years. my guess is we will be extending a lot more business and personal income tax returns.”

 

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“many new clients, including monthly clients, and tcja is adding revenue. however i remain very concerned about workflow given the new complications,” says another.

“we’re really beefing up on the new tax law, so we’re slightly ahead,” says a third. “but the government shutdown will definitely have a drag in the busy season.”