the five rules of smart tech

how the best managing partners stay on top of technology.

by marc rosenberg
quantum of paperless: the partner’s guide to accounting firm optimization

the duties of managing partners encompass a long list of critically important management functions. certainly, one of these is to ensure that technology has an optimal impact on the firm’s success, profitability, and efficiency.

more quantum of paperless: firms need ‘best practices’ manuals  |  optimize scanning procedures  |  why a digital tax workflow system is vital  | how long do you need that file?  |  don’t underestimate document management  | digital communications unify messaging  | hotspots the answer for field access  | check your bandwidth  | remote access requires planning  | proactively manage application updates  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this can be quite challenging because, unlike most managing partner duties, managing the technology function is a highly technical skill that most managing partners don’t have. so, they need to be smart. they need to know what they don’t know and rely on experts, both inside and outside of the firm, to guide them.

read more →

is the irs about to get beefed up?

today’s bonus question: lessons from tax season to apply to 2020?

trump proposes 5% boost to the irs budget, reversing years of cutbacks and declines.

busy season barometer
today’s bonus question: what are firms learning from tax season 2019, that they’ll apply in 2020?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

after many years of increasing austerity—and some would say crippling austerity—the irs may have bottomed out. despite broad cuts proposed in the overall 2020 federal budget, president trump has included an additional $362 million—a five percent increase—for the agency that gathers the funds that keep the united states in business.

more busy season: tax season funnies: april fool is when?  |  wanna change the tax world?   |  how the irs hides its legal decisions  |  tax season 2019 serves up a taste of the future  |  the biggest reason fraudsters run rings around the irs  |  the irs free-file flop  |  protect your clients’ assets  |  the demise of schedule a?  |  tammy’s tale of tax season tardiness  |  how effective project management makes your life easier  |  survey: busy season goes sour   |  when clients cash out: four smart financial moves

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if congress approves the budget as proposed (and that’s bound to be an exciting story), the irs can begin—just begin—to recover some of what has lost over the last decade or so.

read more →

who’d like a friend in the irs?

four recommendations for congress.

by 卡塔尔世界杯常规比赛时间 research

do you dare dream the impossible dream? try dreaming this one: you call the irs.

more: hello, irs? anybody home? | wanna change the tax world? | tax season 2019 serves up a taste of the future | the big free-file flop | the demise of schedule a? | survey: busy season goes sour | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

on the second ring, an operator answers. you tell him you’re a tax preparer. he hears your question and immediately passes your call to the right person in the right department.
read more →

who pays the auditors?

doron

how the pcaob could assure real independence.

by kayleigh padar
卡塔尔世界杯常规比赛时间

is the u.s. ready to move to a third-party payer system for audits?

the author of an article in the influential new york state society’s cpa journal magazine says the time has come to bring the discussion into the open.

in the article, michael doron, ph.d, cpa, an associate professor in the department of accounting and information systems at california state university in northridge, examines relationships between auditors and the public in countries which have more regulation, the results of an experiment with a third-party payer and how the united states government handles similar regulation in other industries.

although he recognizes changing this process could be seen as “politically radical,” evidence shows it could work. organizations such as the public accounting oversight board (pcaob) already regulates the american auditing profession. in addition to being seen as radical, he acknowledges the shift would be a “tremendous change.” read more →

hello, irs? anybody home?

portrait of an angry man yelling on the phoneone solution is modeled on 311 service.

by 卡塔尔世界杯常规比赛时间 research

here’s the understatement of the day, if not the century, from the tax advocacy service’s annual report to congress 2019:

taxpayers often have difficulty locating irs personnel who can provide accurate and responsive information regarding their cases

we’d be tempted to say, “well, duh” if it weren’t such a serious issue.

more: wanna change the tax world? | tax season 2019 serves up a taste of the future | the big free-file flop | survey: busy season goes sour | taxpayer advocate slams congress over funding
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

how serious? as the tas report points out, “although taxpayers are required by law to pay their duly owed taxes, they are also the agency’s ‘customers.’ the agency’s failure to adequately engage these customers cannot cause taxpayers to take their business elsewhere, but it will jeopardize the voluntary compliance on which the u.s tax system depends.”
read more →

how the irs hides its legal decisions

irs chief counsel office charged with intentionally evading its responsibilities to the public

by 卡塔尔世界杯常规比赛时间 research

like the universe itself, the internal revenue code keeps expanding toward infinity. in that its more than 2,600 pages are unclear in spots, there are an additional several thousand pages of rules and regulations. and just to clarify all that, there are tens of thousands of pages of court decisions.

more: tax season 2019 serves up a taste of the future  | the biggest reason fraudsters run rings around the irs  | the big free-file flop | the demise of schedule a? | refunds still up, but only by 0.7% | survey: busy season goes sour | tax refunds up 1.7% | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season | taxpayer advocate slams congress over funding

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

how many pages in all? no one knows. knowing, in fact, is impossible because in the time it takes to add them all up, their number increases. that’s why 卡塔尔世界杯常规比赛时间 believes it’s so critically important to a fair and well-functioning tax system that the irs office of chief counsel (occ) be held accountable for disclosing technical advice promptly. unfortunately, the occ seems to disagree. read more →

tax season 2019 serves up a taste of the future

“thirty percent of tax services will be obsolete in three years.”

robert hockensmith talks about tax season 2019 on local tv news in phoenix.

by 卡塔尔世界杯常规比赛时间 research

this year’s tax season is giving tax preparers a taste of the future—a future where tax returns are both simpler and more complex.

according to data streaming into the 卡塔尔世界杯常规比赛时间 busy season barometer survey, tax practitioners are just beginning to get a handle on the radical changes wrought by the tax cuts and jobs act—not just the technical changes to the tax code but the resulting changes to the business of tax preparation.

more: the biggest reason fraudsters run rings around the irs  | the big free-file flop | the demise of schedule a? | refunds still up, but only by 0.7% | survey: busy season goes sour | tax refunds up 1.7% | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season | taxpayer advocate slams congress over funding

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

robert f. hockensmith, cpa, ea, in phoenix, ariz., and a website site notably named azmoneyguy.com, offers a variety of tax and non-tax services, sums it up thus: “thirty percent of tax preparation will be obsolete in three years. clients will want advice and tax resolution more than preparation for 50 percent of taxpayers. and only 50 percent of all tax returns will be prepared by professional tax preparers.”

read more →

the biggest reason fraudsters run rings around the irs

irs chases the wrong returns, delaying refunds, wasting resources.

by 卡塔尔世界杯常规比赛时间

let’s have a pity party! you’re invited.

let’s pity the internal revenue service for having to identify fraudulent tax returns and taxpayer identities.

more: the big free-file flop | the demise of schedule a? | refunds still up, but only by 0.7% | survey: busy season goes sour | tax refunds up 1.7% | lessons learned: how the federal shutdown hit busy season 2019 | tax refund fury roils busy season | taxpayer advocate slams congress over funding

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

let’s pity the taxpayer whose tax return gets flagged as fraudulent—or her stolen identity that doesn’t.

and let’s pity the tax preparer stuck between the legitimate taxpayer and the fumbling, under-funded, well-intentioned bureaucracy of the irs. read more →

the irs free-file flop

percentage of free file users by income demographics

fix it, or lose it.

by 卡塔尔世界杯常规比赛时间

can you believe that 70 percent of all u.s. taxpayers could be using free file, yet only 2.5 percent actually are? did we mention “free?”

more busy season: protect your clients’ assets  |  the demise of schedule a?   |  tammy’s tale of tax season tardiness   |  how effective project management makes your life easier   |  survey: busy season goes sour   |  when clients cash out: four smart financial moves   |  lessons learned: how the federal shutdown hit busy season 2019   |  the irs mess: taxpayer’s roadmap is a plumber’s nightmare  |  fixing the irs: tax professionals speak out   |  tax refund fury roils busy season

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the reasons are mostly a mystery, but we found five major problems and seven ways to improve the program. if all else fails, even it’s backers agree: give up.

read more →

the demise of schedule a?

join the survey. get the results.

“if you charge by the form, schedule a’s are almost obsolete.”

by 卡塔尔世界杯常规比赛时间 research

with the countdown clock running down toward april 15, many tax professionals’ early-season optimism is turning into frustration and anger, according to the 卡塔尔世界杯常规比赛时间 busy season barometer.

the latest readings from the tracking poll show:

  • only half as many professionals now predict “significant increases” in the number of clients, and who now expect a “significant decrease” has almost doubled.
  • the number of practitioners forecasting revenue gains has been cut in half.
  • the number expecting better profits than last year has been cut by a third.

what’s happening?

read more →

survey: busy season goes sour

february confidence melts under the harsh realities of march.

february’s 36% positive ratings slide to only 30% in march, as negative ratings climb from 32% in february to 49% in march, even as the number expecting the same results as last year declined from 32% to 21% from one month to the next.

by 卡塔尔世界杯常规比赛时间 research

join the survey. get the results.

remember those heady, sunny, optimistic days of january? despite the government shutdown, cpas and tax practitioners—more than a third of them, anyway—foresaw a productive and profitable busy season. they saw a swelling clientele and revenues to follow suit.

more on busy season: tax refunds up 1.7%|   lessons learned: how the federal shutdown hit busy season 2019 | lessons learned: how the federal shutdown hit busy season 2019 | refunds rebound, up 1.3% from last year | tax refund fury roils busy season | tax pro efiling drops 12.5% after shutdown

but then, apparently, something happened. the tides turned. the season soured. suddenly, as february turns to march, the responses to the 卡塔尔世界杯常规比赛时间 busy season barometer readings are tipping into pessimism. join the survey. get the results. read more →

卡塔尔世界杯常规比赛时间 joins thought leader symposium #cpatls

卡塔尔世界杯常规比赛时间 ceo rick telberg joins 30 of the of the profession’s most influential.

follow on twitter with #cpatls.

@adp @allandkoltin @atgrissom @bftcpa @bqesoftware @clayton_oates @cpa_trendlines @cpaaccelerator @darrenroot @dcieslak @donnyitk @dougsleeter @evenanerd @glafollette @intuit @intuitpatti @jeancaragher @jimboomer @jimbourke @joeyhavenscpa @kaceebop @leslieshiner @lgboomer @markkoziel @michellegolden @romancitp @ronaldbaker @rpjohnston @tomhood @sandrawiley @jenleewilson @gcrosley @mentorplus @gperrycpa @imobannon

via cpa practice advisor

nearly 30 of the most influential thought leaders in the accounting profession, including 卡塔尔世界杯常规比赛时间 ceo rick telberg,  are gathering in indianapolis march 11-13 for cpa practice advisor‘s 11th annual thought leader symposium.

the annual event includes round table discussions of technology and practice management trends and issues that accounting firms and professionals face today, as well as accounting, tax and business issues they and their clients will need to prepare for in the future.

in addition to telberg, cpa ttrendlines authors and expert contributors expected to attend include: read more →

lessons learned: how the federal shutdown hit busy season 2019

broken system. broken trust. broken tax season.

selected irs inventories and levels of service pre-shutdown and post-shutdown

by 卡塔尔世界杯常规比赛时间

the government shutdown of 2018-19 was a traumatic experience that cpas and tax preparers will remember, with a shudder, for years to come.

more on busy season: the irs mess: taxpayer’s roadmap is a plumber’s nightmarefixing the irs: tax professionals speak out |  refunds rebound, up 1.3% from last year  | tax refund fury roils busy season |  irs in crisis: tax professionals bear the brunt  |  the tax season funnies: worst video game ever  |  taxpayer advocate slams congress over funding  |  1.6 million tax clients gone missing?  |  busy season: fear, hope & frustration  |  alternative minimum tax: what’s it like today? |  clients’ top worry: going broke  |  the latest rules on charitable donations |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it was the longest shutdown in history, and it hit precisely at crunch time for the tax cuts and jobs act and just as tax season was getting underway.

look at some of the stats from the taxpayer advocate service for service just before and just after (not during) the shutdown: read more →