accountants say: brace for a dismal 2021
as if 2020 wasn’t bad enough, next year could get worse.
by 卡塔尔世界杯常规比赛时间 research
surveys & research
survey: 2020’s disruptions are only the beginning
expect a blended workforce that works anytime, from anywhere.
by jennifer wilson
the rosenberg map survey
survey: firm size matters in tax software choice
plus: more trends and insights from annual operations and technology survey
by randy johnston and brian tankersley
the accounting firm operations and technology survey
tax & accounting firms rehire two-thirds of pre-covid workforce
payroll services show signs of life.
by beth bellor
ppp client fraud: how much risk is too much?
where do you fall on the risk-tolerance scale?
ppp: are the risks worth it?
practice management do’s and don’ts
join the survey. get the results.
by sandi leyva
how aggressive should you be when advising clients on paycheck protection program (ppp) forgiveness?
more: survey: who’s not billing for ppp services? | ppp traps: 1 in 5 accountants report shady dealings | add these money-making rituals to your work day | 3 ways to opt out of any downturn
exclusively for pro members. log in here or 2022世界杯足球排名 today.
while any risk stance should always be the decision of the clients, we asked this question in a recent joint accountant’s accelerator / 卡塔尔世界杯常规比赛时间 ppp survey: on average, across all of your clients, how aggressive of a stance are you taking with ppp forgiveness?
we asked 600+ survey respondents to choose a number between zero and 100 where zero is conservative or extremely risk-avoidant and 100 is aggressive or extremely risk-tolerant. the mean was 42, or slightly more conservative than aggressive.
read more →
survey: who’s not billing for ppp services?
some serving the greater good. others just confused.
by sandi leyva
ppp traps: 1 in 5 accountants report shady dealings
fake employees, fake businesses, and lavish spending mar the covid relief program.
have you walked away from any ppp engagements?
ppp practice management do’s and don’ts:
join the survey. get the results.
by sandi leyva
with fast money comes fast fraud, and the arrests and jail terms are only just beginning for individuals who applied for ppp money under false pretenses and have already been caught. you’ve seen the headlines, where people from every walk of life including reality tv stars, rappers, a wal-mart manager, and even an nfl player have been arrested on charges of ppp loan fraud.
ppp fraud has likely already impacted your firm. the extent of the fraud is the real story.
one thing is fairly predictable: “audits will pick up,” says bradley burnett, tax attorney and instructor of the ppp forgiveness webinars being conducted by accountant’s accelerator and 卡塔尔世界杯常规比赛时间.
according to respondents of an ongoing survey being conducted by 卡塔尔世界杯常规比赛时间 and accountant’s accelerator, preliminary results show that just over 1 out of every five accounting professionals offering ppp services (22 percent) has had to walk away from at least one ppp engagement. and one firm has had to walk away from more than five ppp engagements.
new job cuts at cpa firms and no recovery in sight
payroll remains the hardest-hit sector.
by beth bellor
after shedding 77,800 jobs in april, tax and accounting employers have added back 45,300 employees, but the total headcount has dipped again and remains down by 32,300 from the pre-covid level, according to the latest data reviewed by 卡塔尔世界杯常规比赛时间.
more on jobs: covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | planning for the coronavirus recession
exclusively for pro members. log in here or 2022世界杯足球排名 today.
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
software saves the 2020 tax season
survey says tax practitioners have never been so satisfied with their tax prep applications.
by 卡塔尔世界杯常规比赛时间
what’s the best word to describe the infamous 2020 tax season?
brutal? infectious? interesting? perpetual? weird?
one word works for everybody: unprecedented. a pandemic. a lockdown. new legislation. new rules. federal programs. federal disasters. bankruptcies.
it seems the only thing that’s gone right is software.
the bottom line: tax practitioners have never been more satisfied with their tax apps.
cloudy forecasts call for rainmaking
have you assessed your clients’ needs, or just provided what they asked for?
by 卡塔尔世界杯常规比赛时间
rainmaker alert! the cloudy skies of 2020 show a good chance of precipitation.
more in surveys & research: covid impact: 17,500 tax & accounting jobs lost | cas: critical success factors for the covid age | clients want to pay you more (really!) | the forecast: partly gloomy, chance of doom | busy season benchmarks in free fall | say hello to the new 24-month busy season | accounting firms take billions in ppp payouts | the more monitors, the better | the top portable monitors for working from home
but praying for rain isn’t going to work. neither will a rain dance. the most effective action is often simply a matter of asking and offering.
a new survey of small and midsized businesses and their cpa firms finds that clients are generally willing to pay 50 percent or more for additional accounting-related advisory services … but only if their accounting firm offers them.
covid impact: 17,500 tax & accounting jobs lost
cutbacks fall hardest at payroll agencies.
by beth bellor
overall, the total number of employees in the tax and accounting sector is dropping again, but not nearly as dramatically as at payroll agencies.
more jobs & hiring trends: firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | headcounts dip by 3,500 in tax & accounting | tax & accounting headcounts hit record high | hiring growth rate shows signs of leveling off | what staffing shortage? | payroll agencies lead jobs growth in the tax & accounting industry | hiring trends flash warning signs of slowdown in tax & accounting | hiring surge powered by growth in payroll agencies |
the payroll segment lost almost 15 percent of its jobs in the latest data collected by 卡塔尔世界杯常规比赛时间 research. in some consolation, though, those who are left are seeing record new earnings.
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
clients want to pay you more (really!)
new research shows opportunities to boost revenues by up to 31%.
by 卡塔尔世界杯常规比赛时间
as cpas know better than anyone, these are turbulent times. whatever the situation was, it just changed. cpas know because they are at the center of it all — the calm, analytic eye at the center of hurricane upheaval.
more in covid trends in surveys & research: the forecast: partly gloomy, chance of doom | busy season benchmarks in free fall | say hello to the new 24-month busy season | covid drives new m&a trends | re-thinking today’s firm with five global leaders | the no. 1 reason accountants fail to build advisory practices
so consider for a moment the desperation of the businesses that are or could be your clients. they are suffering:
- the financial and logistical onslaught of the pandemic,
- the ever-evolving rules on taxation,
- the constant change in compliance,
- the lack of time for issues not within their core business (accounting, for example),
- the problems and insecurities of their own clients and customers, and
- concerns about the future.
in other words, clients have more important things to do than keep track of financial matters.
and they’re willing to pay for the freedom to stick to their core business.
the trick…
the forecast: partly gloomy, chance of doom
almost three in four accountants now foresee a deeper downturn for the u.s. economy.
busy season barometer:
how accountants are battling the coronavirus recession
join the survey. get the answers.
by 卡塔尔世界杯常规比赛时间 research
new 卡塔尔世界杯常规比赛时间 2020 busy season barometer results bear bad tidings for cpa firms, their clients, and their families. the forecast is not good. accountants know numbers, and the numbers they are seeing do not bode well.
more busy season 2020: busy season benchmarks in free fall | fiinal rs efiling stats: the end of tax season? | say hello to the new 24-month busy season | 9 big ways the irs could help accountants | the mystery of 10 million missing tax returns | tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed
as the u.s. braces for a summer surge in coronavirus infections, the economy is crashing – with gdp down at an annual rate of 33 percent last quarter, and a 10 percent drop from the first quarter – the worst declines in more than 70 years of record-keeping. and new jobless claims in the latest week rose by 867,000 to 17 million.