should the irs create a free file app of its own?

three ways to fix the program.

by 卡塔尔世界杯常规比赛时间

here’s something weird: the irs offers the vast majority of taxpayers the option to use the free file program to prepare returns.

more: irs audit rates are dropping, and big earners couldn’t be happier | six more ways to fix the irs | is remote the new normal?accounting pros face challenges in turbulent times | your tax season success plan starts here, now | tax prep fintech startup: april raises $30 million | accountants agree: the top five ways to fix the irs

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it costs taxpayers nothing. yet only three percent use it. can it be fixed? should it? congress is weighing in.

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dell tops in accountant tech

cch, quickbooks among leaders in software.

by 卡塔尔世界杯常规比赛时间 research

one of the biggest decisions an accounting firm can make is a choice of tech product. whether it’s a third monitor for everybody or a tax app appropriate to the firm’s size, it’s an expensive decision that can cause headaches in the short term or continued costs in the longer term.

more: tech vexes 58% of solos | firms on the brink of big spending  | should the irs create a free file app of its own?  |.why the future is in risk advisory  | survey: only 19% of firms host email  | 52% of firms look outside for it support
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the annual accounting firm operations and technology survey, using data from 2021, tracked data on preferred hardware and software brands. here are some of the most popular tools.
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your tax season success plan starts here, now

hayden

now that everyone has (hopefully) had time to recover, there are four important steps to take to help next tax season go as smooth as possible

by christopher hayden
managing partner, hayden nelson & yoder

christopher hayden, cpa, cma, cgma is the managing partner of hayden nelson & yoder, a cpa firm based in pennsylvania, at hnycpas.com.

to avoid sugar-coating it, tax season is stressful. long work hours, back-and-forth with clients and mountains of documents can keep accounting professionals in the office for 20 or more additional hours each week. and this tax season felt extra-stressful with all the tax law changes, not to mention explaining to clients who had huge capital gains why they owed taxes.

but once the busy tax season is over, it’s time to review processes and take action to help the remainder of the year go smoothly.

more: civility goes a long way | don’t overlook office relationships | how to deliver authentic value | why deadlines get missed | five reasons you’re not swot-ready | are you productive or just busy? | accounting is a profession, not an industry
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before that, allow a few weeks to:

  • rest
  • relax
  • recover

make sure to give team members a pat on the back, especially if it’s their first time going through the madness of tax season or they went above and beyond this year.

however, once everyone has recovered enough, it’s time to go through the following steps: read more →

tax prep fintech startup: april raises $30 million

after successful tax season, embedded tax platform april raises $30m series a from fintech veterans

the team at april tax solutions inc. with cpa jody padar, seated, far right.

following a successful inaugural tax season, april (april tax solutions inc.), a personal income tax platform that embeds into digital financial apps, announced today that it has raised $30m in a series a round. the fast-growing fintech startup has gained the attention of unicorn founders and leaders in the space, with backing from treasury, a fintech infrastructure-focused fund established by the founders of betterment and acorns. the co-founders have onboarded a team of 30, including renowned cpa jody padar, also known as “the radical cpa,” to head april’s tax group.

in addition to treasury, the round included participation from notable tech investors and financial leaders such as qed, nyca partners, team8, euclidean capital and atento capital. the company has raised
$40m since its launch in january 2022.

read more →

tech vexes 58% of solos

checklist: the five best ideas for winning the tech wars.

by 卡塔尔世界杯常规比赛时间

solo practitioners enjoy certain privileges. they can set their own hours, pick their clients, work at their own pace, dress in office grunge, nap at will and take their dogs to work.

more in surveys & research:  clients would switch for portals | firms on the brink of big spendingm&a looms large for 30% of firms  |  is remote the new normal?  |  the top challenges in these turbulent times   |  new worlds of opportunity   |  accountants agree: the top five ways to fix the irs   |  survey: firms on the brink of big spending  |  irs audit rates are dropping, and big earners couldn’t be happier  |  six more ways to fix the irs  |  cpa hiring rises as number of new grads continues to decline   |  2022世界杯赛程安排  |  six quick solutions for irs backlogs  |  the big battles ahead for corporate finance

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but when it comes to tech, solos can be challenged. they may know accountancy and their clientele better than anybody in town, but when it comes to tech, they don’t know

  • what’s out there,
  • what’s coming down the techno-pike,
  • how to use new apps and
  • whether the latest stuff is worth paying for.

and they tend to run their hardware into the ground, investing in new tools only when they have to.
read more →

clients would switch for portals

surprised? it comes down to security.

by 卡塔尔世界杯常规比赛时间

the latest data from atomik research’s 2021 client expectations study shows that cpa firms without portals, apps and solid security face a high probability of losing clients.

and not just a few but most.

more in surveys & research: m&a looms large for 30% of firms  |  is remote the new normal?  |  the top challenges in these turbulent times   |  new worlds of opportunity   |  accountants agree: the top five ways to fix the irs   |  survey: firms on the brink of big spending  |  irs audit rates are dropping, and big earners couldn’t be happier  |  six more ways to fix the irs  |  cpa hiring rises as number of new grads continues to decline   |  2022世界杯赛程安排  |  six quick solutions for irs backlogs  |  the big battles ahead for corporate finance

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overall, a staggering 78 percent of small businesses say they would consider switching accountants to one that uses “the latest technology.”

they aren’t necessarily expecting the latest in accounting software, but a burgeoning majority think an accountant with a portal might suffice to get them to jump the fence.
read more →

survey: firms on the brink of big spending

economy, pandemic among the causes.

bar chart
the tech spend: some 32% of firms are planning increases in technology budgets, according to this year’s survey. and 63% are continuing to spend as much as during the height of the pandemic. source: accounting firm operations and technology survey.

by 卡塔尔世界杯常规比赛时间
the accounting firm operations and technology survey

after two years of caution and hesitant changes, accounting firms are getting ready to make up for lost time, according to findings from the new accounting firm operations and technology survey.

more survey results: pandemic? what pandemic?  |  m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 management problems: staffing, workflow and tech

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the comprehensive national study of firms of every size says accountants are looking to change practice management, tax, audit, portals, workflow and document management systems. many had been reluctant to change their technologies during the covid-19 lockdown periods.
read more →

irs audit rates are dropping, and big earners couldn’t be happier

audit rates by total positive income: although audit rates are declining more rapidly for higher-income taxpayers, the audit rate for lower-income taxpayers claiming the earned income tax credit is running higher than average. the reason: irs says it doesn’t have the highly-trained staff needed for high-income audits. eitc audits are easier. shown: 2019 tax year.

for the wealthy, the irs says it’s out-gunned.

by 卡塔尔世界杯常规比赛时间

the percentage of taxpayers audited by the irs has been in precipitous decline since 2010, with the steepest decline in – surprise, surprise! – the highest income bracket, according to a new study.

hoisted from comments: “it is not the auditors who are to blame. it is the irs processes that the auditors are following.”

the odds of a taxpayer being audited are astonishingly low, an average of just 0.25% in 2019, way down from 0.9% in 2010.

more on tax: six quick solutions for irs backlogs | accountants agree: the top five ways to fix the irs | irs tops list of busy season problems |  thinking commercial real estate? think fast.  |  new small firm cost seg opportunities  |  what gig workers want  |  accountants agree: the top five ways to fix the irs  |  tax season ’22: working harder for every dollar  |  irs tops list of busy season problems
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audit rates for brackets between $25,000 and $500,000 are well below average, just 0.17%.
read more →

six more ways to fix the irs

they’ll take some time, but not much money or technowizardry.

by 卡塔尔世界杯常规比赛时间

when national tax advocate erin m. collins sat down before the house subcommittee on government operations this april for hearings titled “irs: is it ready?” she spoke truth to power.

she told power that the irs is truly in big trouble.

  • its backlog of unprocessed returns and unanswered mail is unprecedented in the history of the united states.
  • last year its agents answered only 11% of incoming phone calls.
  • its “where’s my refund?” and “where’s my amended return?” online tools often failed to answer either question.

more: six quick solutions for irs backlogs | accountants agree: the top five ways to fix the irs | irs tops list of busy season problems
exclusively for pro members. log in here or 2022世界杯足球排名 today.|goprocpa.com

she also told power an embarrassing truth: there are solutions. they just have to be enacted.

but there’s one other truth: the solutions cost money.
read more →

cpa hiring rises as number of new grads continues to decline

plus: where the new entry-level jobs are.

source: ideps, aicpa

by 卡塔尔世界杯常规比赛时间

the accounting industry has long worried about the gradual disappearance of the profession – not for lack of need, but for lack of professionals.

more on staffing: when an employee’s growth has gaps  |  private equity shakes up u.k. firms  |  my first trainee  |  unlock your accountant super powers  |  from senior to manager in 12 quick questions  |  staffing crisis: 40% are looking for new jobs  |  nine biz-dev metrics for making partner  |  cpa roi doa: why the next-gen accountant won’t be a cpa  |

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let’s face it – accounting isn’t especially attractive to college students. it has a reputation for being dull, and anyone who has talked with experienced practitioners knows that a job can require long hours.

and then there are the extra hours of study required to pass the cpa exam. and then there are the years of work (and relatively low pay) required to really learn accountancy. and then there’s the cpe needed – official and un – just to keep up with changing rules and regs.

but there are upsides, too. read more →

is remote the new normal?

young woman eating an apple and working on a laptop at homewhat clients want may differ from your employees’ wishes.

by 卡塔尔世界杯常规比赛时间 research

no doubt about it: the accounting business was quick to shift to remote work when covid-19 hit.

now the question is: will accounting offices remain remote and will more go remote?

more surveys & research: accounting pros face challenges in turbulent times  |  accountants find new worlds of opportunity |  2022世界杯赛程安排 |  six quick solutions for irs backlogs |  the big battles ahead for corporate finance  |  what gig workers want  |  accountants agree: the top five ways to fix the irs  |  survey: big worries for u.s. and small business  |  the big issues in audit: frustration, inconsistency, and technology

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according to the 卡塔尔世界杯常规比赛时间 business barometer, accountants are getting used to working out of their spare bedrooms and living room nooks, and managers are getting used to managing from afar.
read more →

accountants find new worlds of opportunity

clients and firms are both looking.

by 卡塔尔世界杯常规比赛时间

as the accounting industry emerges from dark times, many practitioners are blinking in the light of new opportunities.

we’re in a different world now.

  1. many accountants are freed from central offices. (many clients, too.)
  2. many clients have gone out of business but moved on to start new businesses.
  3. new technologies are facilitating automation and the power of small firms.
  4. the business environment, more complex than ever, requires new services.
  5. turmoil at the irs is causing both frustration and opportunity.
  6. boomers in accounting are retiring faster than newbies are being born.
  7. those newbies have new career goals with less emphasis on income.
  8. cryptocurrencies are a new frontier in investment and finance.
  9. inflation is a significant factor that’s linked with rising revenue for firms and clients.
  10. congress is stagnated between progressives with big ideas and the retrogressive who want to turn back the clock.

read more →

2022世界杯赛程安排

//www.g005e.com/2021/07/30/how-to-embrace-the-blended-future/the real tech trends on worthy topics, according to your colleagues.

by 卡塔尔世界杯常规比赛时间 research

ever alert for what’s coming down the pike, the 卡塔尔世界杯常规比赛时间 business barometer is looking for early omens of future trends. our readers across the continent know what’s happening.

they also know what only seems to be happening.

this year we’re asking where the opportunities are, what the challenges are and, significantly, what the most overhyped trends, technologies and topics are.

in other words, what’s the next wave on the way, and what’s just a bubble in a turbulent sea?

the answers on the overhyped are interesting.

read more →