busy season management

three ways to step up in uncertain times

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coronavirus crisis opens new opportunities to serve.

by sarah johnson dobek

in the late hours of march 11, president trump instructed the treasury department to defer tax payments without interest or penalties for certain individuals and businesses negatively impacted by covid-19 pandemic, commonly known as coronavirus.

see 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage

as many individuals and businesses grapple with the possibility and effects of illness, travel bans, quarantine, and economic distress, accounting professionals have a unique opportunity to step up as proactive advisors.

here are three ways you can help your firm and help your clients through uncertain times.

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survey: confronting coronavirus chaos

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preparing for the new paradigm of economic and medical realities.

today's commentators (clockwise from top left): martin, zacarias, finning, simms, bowers, collins
today’s commentators (clockwise from top left): martin, zacarias, finning, simms, bowers, collins

https://www.research.net/r/busy20econby 卡塔尔世界杯常规比赛时间 research

cpas are hunkering down for a quadruple-whammy as the covid-19 pandemic slams society and the economy. information is tenuous and changing.

see all 卡塔尔世界杯常规比赛时间 special coronavirus coverage

more: tax season turns ugly under coronavirus | lessons from the trenches of tax season | coronavirus rattles tax season | more firms falling behind | accountants cautiously bullish on the economy
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no one knows for sure what’s going to happen, but in the tax & accounting industry, four things are pretty certain:

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tax pro irs filings lag by 532,000

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data chart
week ending march 13

self-prepared up by 5 million.

busy season barometer:
bracing for the coronavirus recession
join the survey. get the facts.

by beth bellor

even as coronavirus races across the globe, tax professionals appear to be gaining ground on busy season 2020.

more: tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

see: all 卡塔尔世界杯常规比赛时间 special coronavirus coverage

at last count, tax practitioners handled more than half of efiled returns, though that’s still behind last year by 532,000 returns. self-prepared returns are up by 5 million as taxpayers race to collect their refunds.

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in these turbulent times, leaders must lead!

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www.g005e.comsix things you needed to start doing yesterday.

by allan koltin

in the face of this unprecedented global pandemic, leaders must lead! we need to fill our days with talking to our people, clients, and our families and engaging them in the reality of the situation while at the same time stressing the positive things going on.

related: all 卡塔尔世界杯常规比赛时间 special coronavirus coverage

i was on a call this morning with a client and i was sharing how wonderful it was to have all three kids back home (they would have been studying abroad, at college, or going to high school) and how nice it was to have family dinners together again. i was also sharing the positives with the kids that their grandparents were healthy, safe, and getting calls from so many family members and how important this was to them. as i was walking the dogs this morning it occurred to me that i heard birds chirping and that i had been “so busy being busy” for the past four decades that beautiful sounds like this or the smell of the morning air were never on my mind. at a deeper level, and to equate it to a sporting event, i feel like the proverbial “scoreboard” has malfunctioned and there is now a new way to keep score, and it is becoming the new normal.

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the scourge of shoddy tax preparers

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man staring at pile of paperworkcongress needs to step in … and make it stick this time.

by 卡塔尔世界杯常规比赛时间 research

are you a shoddy tax preparer? we doubt it.

more: tax season turns ugly under coronavirus | lessons from the trenches of tax season | coronavirus rattles tax season | the irs needs more to get more | more firms falling behind | does irs need a practitioner services division?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

pro membership in 卡塔尔世界杯常规比赛时间 demonstrates a certain commitment to professionalism – an understanding that tax preparation isn’t just a means of making money. it’s a responsibility and an obligation to do the job well.
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coronavirus culture-shift hits accounting firms

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transitioning to a virtual firm requires more than the right technology: it requires new thinking about how your firm works.

by jess coburn
applied innovations

as the coronavirus situation intensifies, it is becoming more and more apparent that we must become increasingly flexible and innovative in how we approach our day-to-day lives. nowhere is it more evident than in how we run our tax and accounting firms.

more coronavirus: how to sanitize electronics against covid-19 with uv light   |  working remotely shouldn’t mean feeling isolated   |  planning for the coronavirus recession  |  tax season turns ugly under coronavirus  | 16 tech tools for working through the coronavirus  |  coronavirus rattles tax season

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

the coronavirus crisis requires a total re-evaluation of how we conduct our business. for those firms with employees – as opposed to sole practitioners – it is critical to consider going fully remote during this time. it makes sense from a health standpoint and also from a business survival perspective. it’s important for employees to remain healthy and to be able to conduct work, especially during these busy times which involve tax filing deadlines and inevitable extensions.

it’s also important to recognize that families are being impacted due to school and daycare closures, requiring employees to be at home to care for them.

all of that said, the move to a fully remote status requires a culture shift. for many cpa firms and other professional services organizations, this is a major adjustment.  read more →

10 things not to say during tax season

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older man with finger on lips and other hand out in "shush" gestureeliminate excuses.

by ed mendlowitz
tax season opportunity guide

tax season is a busy time and preparers sometimes neglect to get something outside of tax prep done. needless to say, clients don’t want to hear it. and your firm may miss some valuable opportunities.

more: what’s not to like about tax season? | can your reviewers answer these 10 questions? | 5 small leaks that can sink a tax season | one can’t-skip touch for tax season
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are a bunch of phony reasons why some things don’t get done…
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tax pro e-filings lag by 512,000 returns

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data chart
2020 filing season statistics: cumulative 3/8/2019 vs. 3/6/2020

as do-it-yourselfers surge by more than a million.

busy season barometer:
how does this year’s busy season compare to last year’s?
better,  worse, or about the same?

by beth bellor

tax professionals are losing their share of the e-filing market this tax season, dropping to 48.5 percent of all returns e-filed, down slightly more than one percentage point from the same time last year.

more tax season 2020:  tax season turns ugly under coronavirus | tech tools for working through the coronavirus  |  what’s not to like about tax season?   |  why ‘tick and tie’ needs to die   |  lessons from the trenches of tax season   |  coronavirus rattles tax season   |  tax season funnies: the ‘service’ in irs   |  can your reviewers answer these 10 questions?   |  top tech choices for the virtual firm  |

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

the irs had received 68 million individual income tax returns as of march 6 – the latest data available – up 0.4 percent from the same period in 2019. the agency had processed 65 million returns, down 0.5 percent.
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