the irs had received 138.3 million individual income tax returns as of the week ending june 19, the latest data available. that’s down 4.4 percent from the same period in 2019. the agency had processed 126.6 million returns, down 11.4 percent. read more →
unfortunately, they’re in the same old spots: refunds (which don’t help overworked cpas), irs.gov traffic (maybe there’s where all the budget goes) and self-preparers (who even let them in?). boo! read more →
new tax filing statistics show only a couple of upticks over last year: diy e-filings and irs website traffic, suggesting tax practitioners have hit the big “pause” button on tax season 2020.
profession loses four years of job growth in the first month of the coronavirus recession, reversing years of steady gains.
by beth bellor
crushed by the covid-19 pandemic, the tax and accounting profession has fallen below 1 million employees for the first time in two years – way below, and that may be just the tip of the iceberg, according to 卡塔尔世界杯常规比赛时间 research.
with two long months to go in this pandemic-stretched tax season, all the key figures are down, down, down … except visits to the irs website, of course, and a flat spot for diyers.
will business pick up as states reopen? or are the clients waiting in the wings the ones no one wants?
the irs had received 125.5 million individual income tax returns as of the week ending may 1, the latest data available, down 11 percent from the same period one year ago. it had processed 113.1 million returns, down 16.1 percent. read more →
the tax and accounting profession was adding new jobs at a rate of 2.3 percent per year before the coronavirus outbreak, according to 卡塔尔世界杯常规比赛时间 research.
but with a new recession looming, 卡塔尔世界杯常规比赛时间 estimates the profession could lose up to 100,000 jobs and take up to seven years to recover.
the latest data available show more than a million employees in the profession, and growing at about 2,800 new jobs per month. at the same time, wages are hitting record highs.
but with the coronavirus crisis threatening a new recession, 卡塔尔世界杯常规比赛时间 conducted a long-term, 30-year analysis, focused on the job losses caused by the dot-com crash of 2001 and the financial meltdown of 2007. from the analysis, 卡塔尔世界杯常规比赛时间 calculates the profession could shed up to 10 percent of its current workforce, and not fully recover for two to seven years.
^ showing dips after the dot-com bubble in 2001 and financial crash in 2008: all tax, accounting, and bookkeeping services, all employees, in thousands, seasonally adjusted. (卡塔尔世界杯常规比赛时间 research)
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
data for the week ending april 17, 2020. * total includes returns filed to obtain economic impact payments by those who would not usually file income tax returns.
coronavirus hit irs data in a couple of ways this week.
people who don’t ordinarily file income tax returns, but did so to obtain economic impact payments, boosted filings higher than they might have been for the week ending april 17, the latest data. in addition, visits to irs.gov shot up 77 percent over 2019 – the get my payment link surely was part of that picture.
the internal revenue service reported receiving 116 million individual income tax returns, down 15.5 percent. it had processed 106.6 million returns, up 18.5 percent. read more →
although average refunds and website visits are up, everything else is down – in the case of e-filings by tax professionals, down 20.1 percent. yeowch. read more →
slammed by the covid-19 crisis, tax season 2020 has gone off the rails.
tax return filing activity is trending down, and who can blame filers? with an automatic three-month extension, those who owe taxes have no incentive to file anytime soon. and practitioners are consumed with protecting their firms and rescuing their clients.
that may be impacting numbers for e-filings by tax professionals, which are down in double digits. perhaps those whose dealings are complex enough to need assistance are seeking appointments in june now. read more →
the irs had received 90.6 million individual income returns, down 2.4 percent from the same period a year ago, as of the week ending march 27, the latest data released. it had processed 87 million returns, down 3.6 percent. read more →
that “but,” of course, is the global pandemic. the numbers almost seemed dated as soon as they were released, because we know many of those gains quickly melted away. read more →
refunds one of the only bright spots.exclusively for pro members. log in here or 2022世界杯足球排名 today.
irs.gov visits top 1 billion.
coronavirus crushes tax prep.