average tax refunds down 10%

table of irs weekly datareturns by tax pros are one of the only positives.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the average tax refund is down 10 percent, but it’s just part of a pattern. virtually every piece of data the internal revenue service reports weekly is in the red.

more: irs has big plans for its $80 billion | tax pro e-filings up 3% | pros handle 45% of income tax returns | can’t irs tax pro accounts do more? | hello? irs? anybody home? | taxpayer assistance centers need upgrade
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the agency has received 90.1 million individual income tax returns as of march 31, the latest information available, down 1.3 percent from the same period in 2022. it has processed 89.7 million returns, up 0.4 percent.
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tax pros e-file 52% of returns

table of irs datarefunds are in the red.

by beth bellor
卡塔尔世界杯常规比赛时间 research

this tax season looks a lot like the last, at least from the viewpoint of the internal revenue service, which is eyeing roughly the same workload.

more: can’t irs tax pro accounts do more? | hello? irs? anybody home? | taxpayer assistance centers need upgrade | on business outlook, cpas are confident … and concerned | at the irs, short on staff means short on service | tax pros offer advice for small businesses
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as of march 24, the latest data available, the agency has received 80.7 million returns, down 0.8 percent from the same period in 2022. it has processed 80.4 million returns, up 1.9 percent.
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tax pro e-filings up 3%

data tableaverage refunds are down by double digits.

by beth bellor
卡塔尔世界杯常规比赛时间 research

more people have gotten tax refunds in 2023, but fewer dollars have gone out. this is as the irs kicks back refunds nearly as fast as it receives returns.

more: pros handle 45% of income tax returns | irs processing returns as fast as it gets them | only 39% of tax returns filed by pros | tax season opens with refunds up 85%
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as of march 10, the latest data available, the irs had received 63.4 million individual income tax returns, down 0.1 percent from the same period in 2022. it had processed 63.2 million returns, up 2 percent, for an impressive 99.6 percent completion rate. read more →

pros handle 45% of income tax returns

data tablerefunds down by double digits.

by beth bellor
卡塔尔世界杯常规比赛时间 research

tax season 2023 has been consistent. refunds are down, and so are self-prepared filings and irs.gov visits. by every other marker, though, business is as usual or better.

more: on business outlook, cpas are confident … and concerned | at the irs, short on staff means short on service | more cpas see worsening economy | marchternity: the solution is community |
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as of feb. 24, the latest data available, the irs had received 46 million individual income tax returns, up 1.3 percent from the same period in 2022. it had processed 45.7 million returns, up 4.3 percent.

we always like to see processing go quickly, and the agency is speeding through returns right now at a clip of 99.4 percent.

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irs processing returns as fast as it gets them

data tablerefund numbers up 20+ percent, but average amounts still down.

by beth bellor
卡塔尔世界杯常规比赛时间 research

has the internal revenue service been bingeing nascar videos? the agency put the pedal to the metal in processing individual income tax returns, with an incredible current rate of 99.8 percent.

more: only 39% of tax returns filed by pros | tax season opens with refunds up 85%
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as of feb. 17, the latest data available, the irs had received 36.9 million individual income tax returns, up 2.6 percent from the same period in 2022, and processed 36.8 million of them, up 9.9 percent.
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only 39% of tax returns filed by pros

data tablerefund amounts are down 14%.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the second week of tax season brought more double-digit increases over 2022’s pace for the same period.

more: tax season opens with refunds up 85%
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according to the latest data, the internal revenue service has received 28.8 million individual income tax returns, up 9.1 percent. it has processed 26.6 million returns, up 13.6 percent.

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tax season opens with refunds up 85%

data tablenearly two-thirds of returns have been self-prepared.

by beth bellor

the latest tax season is off to a roar, with refunds up 85 percent and processing up 29 percent above last year at this time.

more on tax season: more: marchternity: just say ‘no’ | marchternity: the solution is community | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good | why we all hate the tax code | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?

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as of feb. 3, the end of the first week of collections, the irs had received 19 million individual income tax returns, up 13.5 percent from the same week in 2022. it had processed 16.8 million returns, up 29.1 percent.
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cpa billing rates rise at 6.5% pace

the mark tops six months of steady growth.

line chart
overall pricing at cpa firms, year over year

by beth bellor
卡塔尔世界杯常规比赛时间 research

pricing at cpa firms has been growing for the past six months, according to a new 卡塔尔世界杯常规比赛时间 study, and the numbers are worth noting. august was the first year-over-year hike of over 5 percent, at 5.1 percent. from there, it hopped to 5.5 percent in september, 6.3 percent in october and 6.5 percent in november.

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financial auditing at cpa firms was slightly behind, with annual differences of 4.9 percent in september, 5.5 percent in october and 5.9 percent in november.
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cpa firm wages surge 9%

in payroll, employment is up, but earnings are down.

by beth bellor
卡塔尔世界杯常规比赛时间 research

want an easy way to make employees happy? give them more money – and that’s just what’s happening in the latest jobs report.

more: accounting staffs grow 4%; pay rates surge 8% | headcounts grow 5%; pay rates surge at 7% pace | cpa staff wages hit new high and keep climbing | firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
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except for payroll services, all tax and accounting sectors are seeing higher earnings year over year. overall pay was up 6.7 percent, with cpa firm staff pay close behind at 6.6 percent. cpa firms beat the national 7.7 percent inflation rate, increasing hourly earnings by a heady 9.2 percent.
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headcounts grow 5%; pay rates surge at 7% pace

the only down spots? tax prep and payroll.

by beth bellor
卡塔尔世界杯常规比赛时间 research

we like to see a month or two of increases when we’re talking about jobs, but how about six or seven? that’s the rosy picture seen across several sectors in accounting, according to the latest available data.

more: cpa staff wages hit new high and keep climbing | firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
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oh, you’re an employee looking at potential earnings? they just hit new highs at cpa firms and for staff overall.

we report here on the accounting profession as a whole as well as:

  • cpa firms
  • tax preparation services
  • payroll services
  • bookkeeping
  • women

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cpa staff wages hit new high and keep climbing

tax prep hiring surges.

line chart
earnings for staff in cpa firms: up 5.8 percent for the year

 

by beth bellor
卡塔尔世界杯常规比赛时间 research

earnings remain a bright spot in the accounting profession. we track other figures as well, of course, but when recruiting and staffing, this is the number your candidates are eyeing.

more: firms battle staff shortages with pay hikes | tax & accounting firms beef up wages and headcounts | employee counts, earnings rise
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the minimum hike year over year is 4.4 percent. according to the latest data available, these are average hourly earnings:

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firms battle staff shortages with pay hikes

except at payroll agencies, where wage gains are dipping.

cpa firm wages: up 9.8% from a year ago.

by beth bellor

let’s talk about earnings, because the latest national data shows some good news on that front. hourly earnings in the accounting profession have nudged above $39 for the first time, to $39.09, up 81 cents or 2.1% for the month and $2.48 or 6.8% for the year.

more: tax & accounting firms beef up wages and headcounts | cpa hiring rises as number of new grads continues to decline | staffing crisis: 40% are looking for new jobs

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another new high came at cpa firms, where they topped $41 for the first time at $41.61, up $1.23 or 3% for the month and $3.70 or 9.8% for the year. staff at cpa firms followed the trend with $31.84, up 53 cents or 1.7% for the month and $2.02 or 6.8% for the year.

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tax & accounting firms beef up wages and headcounts

line chartgrowth seen across the board.

by beth bellor

tough to find employees to fill accounting posts? someone is managing. overall employment in the accounting profession rose to 1,101,900 in may, up 15,600 or 1.4 percent for the month and 52,000 or 5 percent for the year.

more in staffing and talent management: cpa hiring rises as number of new grads continues to decline  |  five tips for virtual team member happiness  |  why doing nothing is not an option   |  when an employee’s growth has gaps   |  from senior to manager in 12 quick questions   |  staffing crisis: 40% are looking for new jobs   |

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every sector of the industry is pushing ahead with salary increases or new hiring, or both.

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