crisis at the irs

sound-off: how would accountants fix the irs? join the survey. get the results.

by 卡塔尔世界杯常规比赛时间

tax preparers and taxpayers aren’t the only ones with tax problems. the irs has problems, too.

ten of those problems have been laid out in an annual report to congress from the taxpayer advocate service.

how to save the irs?
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join the survey. get the results.

we covered the top five here. and here are the next five explained. read more →

the irs’s 10 biggest problems

here are just the first five.

by 卡塔尔世界杯常规比赛时间 research

america’s taxpayer advocate service—an independent watchdog agency within the irs—has identified the ten most serious problems at the irs.

get the outlook for busy season 2022
bonus question: how to save the irs?
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full results are available for participants and pro members.

more: fear and loathing for tax season ’22padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irstax regs for the metaverse | 10 steps to a superior tax departmentaccountants critical of competitor price-cutting |  automate busy season with apps you already usesales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get movingworries for small business clients |

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by “problems,” the tas means the difference between what taxpayers want and what the irs delivers. unfortunately, tax preparers trying to bridge the gap between the two often end up taking grief for failing to do the impossible.

understanding the problems at the irs end can help practitioners explain the situation. here are the top five: read more →

fear and loathing for tax season ’22

most tax and accounting practitioners see a bleak outlook ahead.

by 卡塔尔世界杯常规比赛时间 research

tax and accounting professionals are launching into busy season 2022 with widespread fears of crisis and chaos, facing a third year of pandemic conditions, the staffing shortage, a sputtering irs, and political and economic uncertainties.

the outlook for busy season 2022?
join the survey. get the results.

full results available for participants and pro members

a majority of accountants are telling the 卡塔尔世界杯常规比赛时间 busy season barometer that they are expecting an even worse year than last year, with 40 percent bracing for “somewhat” worse and 11 percent girding for “much “worse.

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covid chokes an already crippled irs

can busy season get any worse? we’re about to find out.

irs workloads up, budgets down
irs workloads up, budgets down

by 卡塔尔世界杯常规比赛时间

the year 2021 gave tax preparers and taxpayers one big mutual hope — the hope that such a year never happens again.

more for tax season 2022: eight ways to charm a client | prepping for tax season: plug small leaks before they become big floods | four issues with ‘quick’ tax questions | updated: accountants critical of competitor price-cutting | when to pick up the phone this tax seasonget your team ready for tax season | automate busy season with apps you already use | these five procedures will simplify your tax season | 11 steps to better client tax instructions | 12 ways to squeeze fun into tax season | six ways to get paid faster | survey: worries for small business clients | busy season forecast: more chaos |

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

and just in case congress didn’t get the message, national tax advocate erin m. collins submitted to that august body an annual report that pulled no punches and spared no explication. the new filing season starting jan. 24 could bring hitherto unbelievable problems.

the situation, she said, was dire. read more →

the disruptors: how to scale with new padgett coo amanda aguillard

watch the video or listen to the podcast.

follow 卡塔尔世界杯常规比赛时间 podcasts on apple here or grab the rss feed here.

“process, process, process” and other lessons in scaling an accounting business.

with liz farr

to beat the staffing shortage, tax and accounting firms will need to rank technology skills as important as accounting skills, padgett coo amanda aguillard says in this episode of the disruptors, a new 卡塔尔世界杯常规比赛时间 series of conversations between special contributor liz farr and leading change-makers in the profession. this is the first of the series.

more video: eat that frog: asking for a prospect meeting | growing revenue through client service | lease accounting is about to get very real | google ads for new tax season clients | exclusive: eisner ceo charly weinstein explains the private equity deal  | flash briefing: a “call to arms” after private equity deal | four ways to beat the staffing shortage, with pasha malik

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

“we will have to be creative about who we hire,” aguillard says. “knowledge of accounting is important, but it’s not the only thing… being tech-curious is just as important.”

read more →

stop complaining and start innovating

the pandemic requires new thinking with new business models.

by tamera loerzel

considering the many long-term ramifications from the pandemic on the accounting profession, i would start with a “clean sheet of paper” to position your firm for future success,

more: private equity at the gates | 12 shifts to ensure firm success | how to reinvent the firm for the covid age | why it’s time for an acquisition | three ways the accounting profession has changed | ramping up for the year ahead
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

firms today require new thinking, new business models, and new ways of operating, staffing, managing work, and measuring success.

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five tough-love strategies for 2022

can you follow the same advice you’d give your clients?

by art kuesel

over the past few weeks, i have been working on some thoughts that i wanted to share with you. they have finally been penned with a clear mind mostly free of distractions. like many of you, i am inspired by the amazing clients i have the privilege to serve.

more outlook 2022: survey: tech is the path to a better tax season | private equity at the gates | 20 predictions for the year ahead | 12 shifts to ensure firm success | why it’s time for an acquisition | how to reinvent the firm for the covid age | accounting will never be the same | 10-point plan for the year aheadcompeting for talent in a private-equity world | your best advice: get smart, get tech, get moving | survey: worries for small business clients |

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

while i see considerable fatigue out there, i also see brilliance, resilience, and optimism. while some of you need a pep talk, some of you need an “atta boy” or “atta girl.”

please take a moment to read and reflect on the five factors that will dominate our future in 2022.

read more →

private equity at the gates

the pandemic has accelerated our progress toward the future that was already in the offing.

by terry putney

the pandemic is changing where firms work. and it’s a huge issue.

more: 12 shifts to ensure firm success | how to reinvent the firm for the covid age | why it’s time for an acquisition | three ways the accounting profession has changed | ramping up for the year ahead
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

office space is being downsized dramatically. long-term office leases that must be assumed by an acquiring firm are becoming a deal killer in many m&a deals. we are seeing a significant increase in the number of firms that are going almost completely virtual. read more →

top 20 trends for the year ahead

you need to know your options.

by joe tarasco
accountants advisory group, llc

during these unprecedented times, it is difficult to predict the future.

thus, the leaders of today’s cpa firms should focus on planning for various options based upon as many possible scenarios as possible.

this type of planning explores plausible potential business models and implementation processes for impending unknowns.

as you develop your strategic plans for 2022 and beyond, consider the following predictions and trends.

read more →

sales & use tax costs are higher than anyone thought

sales tax return activity represents the greatest proportion of total costs, followed by consumer use tax. among all businesses surveyed, the total calculated cost (hours spent multiplied by cost per hour) is $14,811 per month. esb average, $11,968.smb average, $17,672 (48% increase over esb segment.)

 

ripe opportunity for accountants to take over clients’ costly recurring non-revenue-generating back-office drudgery.

by 卡塔尔世界杯常规比赛时间

midsize businesses spend 163 hours per month on tax compliance – costing more than $17,000, according to new research released by avalara, the sales tax automation company. additional findings break down what tax requirements businesses spend the most time and money on.

tax and accounting firms will be most interested in data related to clients’ recurring and significant spending on non-revenue-generating tasks, in tandem with the potential for human error and resulting impacts on compliance.

 

pro-member benefit:
get the complete deck with all the survey findings and analysis below.

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12 shifts to ensure firm success

plus six ways the pandemic impacted the profession.

by jennifer wilson

every year, the rosenberg map survey asks the industry’s top consultants to share their observations of what they are seeing at cpa firms across the country.

more: how to reinvent the firm for the covid age | why it’s time for an acquisition | three ways the accounting profession has changed | ramping up for the year ahead
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

now that we are more than a year from the start of the pandemic, what do you feel are the long-term ramifications to the accounting industry?

there are many, but the most important impacts of the pandemic to the profession are: read more →