pros process 44% of tax e-filings

data chartrefunds top the $100 billion mark.

by beth bellor

with the traditional tax filing deadline back in place, it’s a good thing that the gaps between 2020 and 2021 data points are closing more each week.

more: tax professionals report tough slogging | busy season 2021 gets off to weak start
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the irs had received 55.7 million individual income tax returns as of march 5, the latest data available. this was down 18.1 percent from the same calendar week in 2020, but not an apples-to-apples comparison because the 2021 tax season began 18 days later. it had processed 49 million returns, down 24.7 percent, pegging the current processing rate at 87.9 percent.
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tax professionals report tough slogging

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efilings perk up. most tax professionals remain dour.

by beth bellor

tax season data was a little brighter in week two. returns received were up 28.7 percent over the previous week and processing increased 22.2 percent. refunds were practically flying out the door at a rate 47 percent better than week 1.

more: busy season 2021 gets off to weak start
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meanwhile, the latest 卡塔尔世界杯常规比赛时间 busy season barometer, updated march 8, shows most accountants reporting a “worse” year so far

how’s your tax season so far?

  • much better than last year: 11%
  • somewhat better than last year: 15%
  • about the same: 25%
  • somewhat worse than last year: 33%
  • much worse than last year: 16%

join the survey. get the results

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busy season 2021 gets off to weak start

filings trail 31 percent. tax pro outlook looks glum.

busy season barometer
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data chart

by beth bellor

statistics for individual income tax return filings are virtually all in the red, with total returns received lagging 30.5 percent behind last year’s pace.

the 2021 outlook: worse and “much worse” than 2020

 

meanwhile, tax professionals are lurching into the heart of the 2021 busy season with 43% forecasting a worse year ahead than last year’s covid-ravaged season, according to the first respondents to this year’s annual 卡塔尔世界杯常规比赛时间 business season barometer. only about 6 percent are expecting a “much better” year, and 19 percent a predicting a “somewhat better year. join the survey. get the results.

more on busy season: team expectations: a checklist for busy season | you’re not just taxes | the happier, saner, richer tax firm | survey: a glint of optimism for 2021 | ppp traps: 1 in 5 accountants report shady dealings |

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the difference in the start dates of the tax seasons had a huge effect on the percentage changes in every category. in 2020, tax season began for individual tax return filers on jan. 27, and in 2021 the irs didn’t begin accepting and processing returns until feb. 12.

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tax & accounting regains 3,800 jobs

tax prep down, payroll sees big swings.

by beth bellor

some of those heady new highs the accounting profession was seeing a year ago are seeing reversals now. we’re looking squarely at you, covid-19. feel free to move along anytime.

more on jobs: accounting jobs recovery slows | tax & accounting firms rehire two-thirds of pre-covid workforce | tax & accounting firms rehire two-thirds of pre-covid workforce | new job cuts at cpa firms | more jobs trends and staffing
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in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

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accounting jobs recovery slows

cpa firms and tax prep still down somewhat.

by beth bellor

unemployment edged down to 6.7 percent in november, but the accounting profession saw few of those gains, with its only upticks coming in the payroll services sector.

more on jobs: tax & accounting firms rehire two-thirds of pre-covid workforce | new job cuts at cpa firms | covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

tax & accounting firms rehire two-thirds of pre-covid workforce

payroll services on a roll… unless you look at last year.

by beth bellor

an incomplete recovery seems to be the theme for recent employment reports.

employment in the accounting profession reversed its downward trend from the previous month to hit 1,014,000, the highest mark since march.

more on jobs: new job cuts at cpa firms | covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

you remember march and april, right? one month there were 1,042,800 accounting jobs; the next there had been a 7.5 percent nosedive to 965,000. with september’s figures, we’ve regained 63 percent of that 77,800-job decline.

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

new job cuts at cpa firms and no recovery in sight

payroll remains the hardest-hit sector.

by beth bellor

after shedding 77,800 jobs in april, tax and accounting employers have added back 45,300 employees, but the total headcount has dipped again and remains down by 32,300 from the pre-covid level, according to the latest data reviewed by 卡塔尔世界杯常规比赛时间.

more on jobs: covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | planning for the coronavirus recession
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

covid impact: 17,500 tax & accounting jobs lost

tax and accounting headcount, year-to_year percentage change. july 2020
in the red: tax and accounting headcounts, year-to-year percentage change.

cutbacks fall hardest at payroll agencies.

by beth bellor

overall, the total number of employees in the tax and accounting sector is dropping again, but not nearly as dramatically as at payroll agencies.

more jobs & hiring trends: firms recall half of furloughed staffers  | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | headcounts dip by 3,500 in tax & accounting | tax & accounting headcounts hit record high  | hiring growth rate shows signs of leveling off | what staffing shortage? | payroll agencies lead jobs growth in the tax & accounting industry  | hiring trends flash warning signs of slowdown in tax & accounting | hiring surge powered by growth in payroll agencies |

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the payroll segment lost almost 15 percent of its jobs in the latest data collected by 卡塔尔世界杯常规比赛时间 research. in some consolation, though, those who are left are seeing record new earnings.

in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

down by 400,000 returns – the end of tax prep?

red alert: tax professional e-filings drop by 0.5% year-to-year, first year-to-year decline ever.

final irs stats for busy season 2020 shows professionals filed 0.5% fewer returns than last year and lost market share to diy’ers.

busy season barometer:
how accountants are battling the coronavirus recession
join the survey. get the answers.

by beth bellor
卡塔尔世界杯常规比赛时间 research

in what may be an alarming turning point for the profession, tax practitioners finished an already chaotic and bruising tax season 2020 after preparing a total of 73.8 million e-filed returns – a decline of 400,00, or 0.5 percent, from tax season 2019 – the first such reversal on record. ever.

jon baron

more on tax season 2020: say hello to the new 24-month busy season | when covid ‘got real’ | tax pros hold efiling market share as tax seasons winds down | the top six irs #fails this tax season (so far) | how covid has pulverized irs operations | the mystery of 10 million missing tax returns | covid cuts accounting profits | why busy season may never be the same again | covid tests accountants’ entrepreneurial talents | pro tax prep stalls to a crawl amid covid-extended season | clients, revenues, profits – trending down, down, down |

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“if you are in public accounting and relying on personal return revenue, the results this year are troubling as it is the first time that professionally prepared returns actually fell from the prior year,” says jon baron, the longtime ceo of thomson reuters tax & accounting, and now a venture capitalist with more than a couple startups in stealth mode.

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tax pros hold efiling market share as tax seasons winds down

https://www.research.net/r/finaltax20
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refunds up but barely.

busy season barometer:
congratulations! you survived tax season 2020!
today’s bonus question: what’s next?

join the survey. get the answers.

by beth bellor

as the extended 2020 tax season drags to a close, nearly all the touchpoints remain in the red.

more: tax pros take bigger share of e-filings | the mystery of 10 million missing tax returns | tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
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the internal revenue service had received 142.4 million individual income tax returns, down 2 percent from the same period in 2019, as of july 3, the latest data available. it had processed 130.6 million returns, down 9.5 percent.
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firms recall half of furloughed staffers

total tax and accounting employees, in thousands, over the last 18 months. (卡塔尔世界杯常规比赛时间 research)

just in time to finish tax season.

by beth bellor

got whiplash? job sectors that saw figures plummet in last month’s report are seeing them climbing back, albeit not as quickly.

more: the mystery of 10 million missing tax returns | pro tax prep stalls to a crawl amid covid-extended season | planning for the coronavirus recession | the tax season 2020 dumpster fire | |  covid kills 67,600 jobs in tax and accounting  | pre-covid-19, accounting profession hits new highs

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the tax and accounting industry has quickly added back about half of the jobs lost in the covid-19 shutdown – just in time to finish the hyper-extended tax season, according to the latest 卡塔尔世界杯常规比赛时间 jobs report. but what happens next is anybody’s guess.

in this report, 卡塔尔世界杯常规比赛时间 analyzes:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

read more →

tax pros take bigger share of e-filings

refunds up, but not by much.

by beth bellor

ever so slowly, the professionals are closing the gap with the diyers in tax preparation.

more: the mystery of 10 million missing tax returns | the tax season 2020 dumpster fire | the fight for new tax clients
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the internal revenue service had received 139.9 million individual income tax returns as of the week ending june 26 – the latest data available – down 3.5 percent from the same period in 2019. it had processed 128.5 million returns, down 10.6 percent.
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the mystery of 10 million missing tax returns

data chartwhile tax professionals’ efiling pace remains stalled, diyers grow by 4 million.

busy season barometer:
how accountants are battling the coronavirus recession
join the survey. get the answers.

by beth bellor

with less than a month to go before 2020’s extended tax deadline, the grind continues.

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

and the question is: where are 10 million tax returns that should have been filed by now by professionals?

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