卡塔尔世界杯常规比赛时间 research

tax practitioners say happy days are here … again

bar chart — seventy percent report as good or better year than last year.

for most, anyway.

by 卡塔尔世界杯常规比赛时间 research

the first results of the 2024 busy season barometer: emerging issues, opportunities, and trends are in, and so far, halfway into the tax season, accountants and tax practitioners are reporting another pretty good year.

that’s two in a row!

more: the irs is coming! get your clients into compliance | end tax season meetings with clients … seriously | brandon hall: firms try to make too much on tax prep | eight steps to getting started with ai: a guide for tax professionals | the nightmare of non-credentialed tax preparers | tax pros are expanding and earning more
exclusively for pro members. log in here or 2022世界杯足球排名 today.

last year, 58 percent of survey respondents said their year was much better or somewhat better than 2022, which, as you may recall, had been a rather rotten year.

so when only 32 percent of this year’s contributors say this season is better than 2023, it doesn’t mean fewer are having a good year. it means almost a third are reporting a year better than a good year.
read more →

management

are accountants charging too little?

size matters in partner income. (aicpa map)

hourly billing on the decline but still holding on.

by 卡塔尔世界杯常规比赛时间 research

by all indications, cpa firms are outperforming the general economy by a very satisfying margin.

but are they charging enough?

more: chatgpt for the reluctant cpa | cpas needed to help small biz adopt ai | revenue growth is top priority for small firms | survey shows challenges, priorities shifting | survey shows that tech remains the great divide | is the cpa business model the clog in the pipeline? | can big data spot financial fraud? | will unclogging the accounting pro pipeline kill mobility? | accountants cozy up to clients with cas | accountants torn over 2024 economy, offer advice | accountants bullish on income
exclusively for pro members. log in here or 2022世界杯足球排名 today.

all categories of median net fees show substantial increases from 2021 to 2023 in the latest aicpa national management of an accounting practice survey:

net client fees leaped up 24 percent.
net client fees earned since prior year: up 15 percent.

pro member exclusive

chatgpt for the reluctant accountant

getting started is fast and easy.

by 卡塔尔世界杯常规比赛时间 research

artificial intelligence has a lot in store for the accounting industry. ai is still in its infancy, but it’s also ready to start helping any cpa firm, even the low-tech solo shop.

more: cpas needed to help small biz adopt ai | revenue growth is top priority for small firms | survey shows that tech remains the great divide | can big data spot financial fraud? | accountants hopeful, concerned and confused about ai | the 7 categories of cybersecurity solutions firms need | research: accounting pros cautiously optimistic about generative ai | how auditors can beat ai
exclusively for pro members. log in here or 2022世界杯足球排名 today.

you can start right now. you don’t need to invest anything other than the few minutes it takes to register to use chatgpt at chat.openai.com. it’s free. you can ask a question, and an astonishingly poignant and detailed answer will appear within seconds.

and there you are, on the cusp of 21st-century technology.
read more →

outlook & analysis

cpas needed to help small biz adopt ai

privacy, intellectual property concern many survey respondents.

by 卡塔尔世界杯常规比赛时间 research

small businesses are getting more comfortable with artificial intelligence, according to a survey-based report from freshbooks.

“small business owners are less convinced that ai is coming for their jobs and/or the jobs of their employees,” the report says, “with two-thirds disagreeing that ai will replace them.”

more: revenue growth is top priority for small firms | survey shows challenges, priorities shifting | survey shows that tech remains the great divide | is the cpa business model the clog in the pipeline? | can big data spot financial fraud? | will unclogging the accounting pro pipeline kill mobility? | accountants bullish on income | 42% of accountants turn away work over staff shortages | accountants hopeful, concerned and confused about ai
exclusively for pro members. log in here or 2022世界杯足球排名 today.

still, in a bit of a contradiction, 44 percent of owners say they expect to hire fewer people in the future thanks to expected ai capabilities. and the larger the business, the more likely they will use ai to reduce payroll.
read more →

charts & graphs

revenue growth is top priority for small firms

cost reduction? that’s on the list, too.

by 卡塔尔世界杯常规比赛时间 research

as in years past, cpa firms of all sizes are putting revenue growth at the top of their priority lists.

the rest of their priority lists tells how they plan to get there.

more: survey shows challenges, priorities shifting | survey shows that tech remains the great divide | will unclogging the accounting pro pipeline kill mobility? | accountants bullish on income | survey: which niche’s the best niche? | ethics on sustainability puzzle some accountants | accountants hopeful, concerned and confused about ai
exclusively for pro members. log in here or 2022世界杯足球排名 today.

according to the wolters kluwer 2024 accounting industry report, 61 percent of responding firms – 90 percent of which are small firms – are primarily aiming at higher revenues and profits. that’s 11 percentage points above secondary goals.
read more →

outlook & analysis

survey shows challenges, priorities shifting

top concerns vary widely by firm size.

by 卡塔尔世界杯常规比赛时间 research

cpa firms small, midsized and large are facing new challenges and reorganizing their priorities as they shake off the aftereffects of the covid-19 pandemic.

according to the wolters kluwer 2024 accounting industry report, based on a survey of 1,509 accounting firms, pricing and competitive fee pressures are the overall biggest challenges firms are dealing with. the pressure is most prominent at small firms, which comprised 90 percent of the survey respondents. forty percent of those smaller firms said it was their top concern.

more: survey shows that tech remains the great divide | is the cpa business model the clog in the pipeline? | accountants cozy up to clients with cas | cpas culling clients for better work-life balance | women-owned businesses upbeat but need help | accountants to the rescue as startups struggle | looking for recent grads? good luck
exclusively for pro members. log in here or 2022世界杯足球排名 today.

this is the first time pricing has ranked among the top five challenges since 2015.

pricing ranked third among large firms, 39 percent of which said it was a problem.
read more →

outlook & analysis

survey shows that tech remains the great divide

why are the non-adopters not adopting?

by 卡塔尔世界杯常规比赛时间 research

wolters kluwer tax and accounting has issued its annual tax and accounting survey. the results show an industry re-evaluating its criteria for success as firmwide changes occur.

technology is the driver of those changes, and its rapid evolution is enabling, and even necessitating, innovation.

more: is the cpa business model the clog in the pipeline? | can big data spot financial fraud? | accountants torn over 2024 economy, offer advice | survey: are you offering the right services? | 42% of accountants turn away work over staff shortages | talent gap widening: be very scared | cpa biz is booming, but for how long? | survey: accountants economic outlook brightens
exclusively for pro members. log in here or 2022世界杯足球排名 today.

in her introductory letter, cathy rowe, wolters kluwer senior vice president, professional market, says, “those who embrace innovation will be able to redefine their firms, leave no spreadsheet untouched by the winds of change, and truly be future-ready accountants.”

the numbers back up the increasing use of and dependence on technology, but they also reveal a significant part of the industry declining to board the tech train.
read more →

politics & government

ftc nails turbotax for ‘free filing’ scam

what does ‘free’ mean? it shouldn’t be up for debate.

by 卡塔尔世界杯常规比赛时间 research

american taxpayers are all victims of a tax scam.

yes, all of them.

more: if only the irs’s tax pro were useful | tax pros file 33% of early returns | the nightmare of non-credentialed tax preparers | must the irs be a dark hole? | irs plays whac-a-mole with the phones | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep
exclusively for pro members. log in here or 2022世界杯足球排名 today.

and the new york times points an accusatory finger straight at turbotax.

a tax season villain

in a 15-minute video article by john harris and binyamin appelbaum, the times says there’s a tax villain, and it’s neither the tax rate nor the internal revenue service.
read more →

politics & government

if only the irs’s tax pro were useful

the national taxpayer advocate has a long wish list.

by 卡塔尔世界杯常规比赛时间 research

if you are a cpa, tax preparer or registered agent – a tax pro, in other words – there is a slim possibility that you are registered with the internal revenue service’s tax pro program.

more: can’t irs online accounts be more useful? | id theft a problem for irs even when it doesn’t exist | the nightmare of non-credentialed tax preparers | taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | treasury ig sees progress at irs
exclusively for pro members. log in here or 2022世界杯足球排名 today.

but even if you are registered, the odds are vanishingly small that you actually use it.

why? because it’s really of limited use.
read more →

charts & graphs

tax pros file 33% of early returns

a shorter season to date makes comparisons difficult.

by 卡塔尔世界杯常规比赛时间 research

the internal revenue service has fired up the machinery and begun cranking out tax returns. and so begins our annual ritual of tracking how well they do that.

all of the initial figures are double-digit down, largely because of seven days’ fewer collections. the 2023 filing season began on jan. 23 vs. 2024’s jan. 29, so 2023 totals cover 12 days as opposed to this season’s five days.

politics & government

can’t irs online accounts be more useful?

taxpayers and pros alike are frustrated, exasperated, disappointed and angry.

by 卡塔尔世界杯常规比赛时间 research

ever-improving internet commerce is one of the great developments of this first quarter of a century. the process and potential of dealing with products and services, including government services, has come a long way from the toddling brouhaha of the world wide web of the 1990s.

more: id theft a problem for irs even when it doesn’t exist | the nightmare of non-credentialed tax preparers | taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | treasury ig sees progress at irs
exclusively for pro members. log in here or 2022世界杯足球排名 today.

the internal revenue service still dreams of joining these early years of the 21st century. to get started, the service has gone so far as to launch an individual online account program. iolas allow taxpayers to

view basic information,
make payments,
enter into payment plans and
view and download certain notices.

all of which is very nice but soooo 1998.
read more →

politics & government

id theft a problem for irs even when it doesn’t exist

either way it consumes scarce resources.

by 卡塔尔世界杯常规比赛时间 research

tax return identity theft’s a bummer.

how big a bummer?

so big that even when there’s no theft, it’s a bummer.

more: the nightmare of non-credentialed tax preparers | taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | treasury ig sees progress at irs | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep
exclusively for pro members. log in here or 2022世界杯足球排名 today.

it’s a bummer when it happens, not only because it happened but because the internal revenue service can take up to 19 months to recognize the problem, do something about it and send the hapless taxpayer a refund not for this year’s return, not for last year’s return, but for the year before last.

and it’s a bummer when there’s no theft involved because when the irs’s rickety technology flags a return as a possible id theft, the return gets delayed for months and months of manual processing.
read more →

politics & government

the nightmare of non-credentialed tax preparers

six solutions offered.

by 卡塔尔世界杯常规比赛时间 research

are you a sleazy, incompetent, unethical tax preparer?

if so, no problem! not for you, anyway. your clients might suffer, but as far as the internal revenue service is concerned, you’re as qualified to prepare other people’s taxes as any cpa or enrolled agent.

more: taxpayer assistance centers: a good idea that should be better | irs still falling short on service | must the irs be a dark hole? | 10 tips to the irs for beefing up staff | eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | ten irs problems that need solutions | tax pros are expanding and earning more
exclusively for pro members. log in here or 2022世界杯足球排名 today.

and that’s a problem.

a wild west environment

tax preparers good and bad prepare over half of the country’s individual income tax returns. they play an essential role in tax administration, and they are a frontline defense in preventing fraud and error.
read more →

here’s what you’re looking for: 卡塔尔世界杯常规比赛时间 research