tax season faceplant: accountants overrun by late chaos
technology and the economy threw some wrenches into the mix.
by 卡塔尔世界杯常规比赛时间 research
busy season barometer
accountants turn negative amid tariffs, trade, uncertainty
survey respondents aren’t shy about placing blame.
by 卡塔尔世界杯常规比赛时间 research
join the survey. get the results.
six keys to successful proposals
plus seven things you should not do.
by martin bissett
passport to partnership
what makes a written proposal become accepted by the potential client – every time?
more by martin bissett
exclusively for pro members. log in here or 2022世界杯足球排名 today.
proposal writing is a micro-science in its own right but here are the proven principles that it takes to get proposals accepted.
read more →
raise your rates to change your clientele
|
|
loren fogelman, founder of business success solution, is an expert in pricing strategy and sales for accounting firms. a sought-after keynote speaker, she is continually listed among america’s top-ranked business coaches. |
the fees you charge make a statement about your firm.
by loren fogelman
the holistic guide to wealth management
setting your fees appropriately is one of the primary challenges that accounting professionals face. according to mckinsey, 80 to 90 percent of services are priced too low. throughout my career, i too have found that most firm owners don’t know how much to charge for their services – and too often they undercharge.
more: pursue excellence to win the battle for talent | leverage ai to grow and protect revenue: six steps | how wealthtech is reshaping the future of holistic advice | seven tech keys to a holistic service model | four ways to provide wealth management in your accounting practice | profile of a modern firm: putting the vision into practice | toward a 21st-century cpa: a dynamic vision | what multiples mean to accounting firms
exclusively for pro members. log in here or 2022世界杯足球排名 today.
many firm owners tell me that setting fees can feel like tiptoeing through a pricing minefield. and pricing shouldn’t be taken lightly. this is especially true for wealth management services. the prices you set today will impact your firm’s profit margin as well as your growth for years to come.
read more →
what cpa firms could do better
survey respondents have specific suggestions.
by 卡塔尔世界杯常规比赛时间 research
people at cpa firms generally think their practice is pretty effective at meeting its objectives with consistency over time.
but only 5 percent think their firm’s doing a great job. and about that many think their firm’s doing a somewhat lousy job.
more barometer: survey: which client industries will grow this year | tax preparers share advice for your clients | staffing, tech, prices top tax pros’ concerns | tax pros gear up for a better busy season | tax season 2025 begins. ready or not.
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the 2025 busy season barometer is finding that on a scale of 1 to 10, 45 percent of respondents would rate their firm at an 8 or better, and another 25 percent give their firm a so-so 7.
read more →
survey: which client industries will grow this year
respondents tell us what they’re watching. does it match what you’re seeing?
join the busy season barometer. get the results.
by 卡塔尔世界杯常规比赛时间 research
it looks like 2025 is going to be a year of obstacles (a.k.a. opportunities), instability (change), potential (good and bad) and surprises (just wait) – not just for the accounting industry but for the industries of its clientele. and the biggest opportunities for accountants will be in their most successful clients.
more barometer: tax preparers share advice for your clients | staffing, tech, prices top tax pros’ concerns | tax pros gear up for a better busy season | tax season 2025 begins. ready or not.
exclusively for pro members. log in here or 2022世界杯足球排名 today.
where will growth occur? the 2025 busy season barometer is asking, and 卡塔尔世界杯常规比赛时间 members are answering. here’s where they’re telling us to expect growth:
read more →
tax preparers share advice for your clients
help them prepare for what’s to come.
join the busy season barometer. get the results.
by 卡塔尔世界杯常规比赛时间 research
accountants sound worried. when the 2025 busy season barometer survey asked if anyone had advice on how small businesses should prepare for the next 12-18 months, almost half took the time to respond.
more barometer: staffing, tech, prices top tax pros’ concerns | tax pros gear up for a better busy season
exclusively for pro members. log in here or 2022世界杯足球排名 today.
here’s a list of some of the more meaningful responses. which would apply to your clients? which should you share with them?
___ figure out which labor-intensive functions they can automate asap. (andrew schwartz)
___ take advantage of near-term opportunities with post-tax cuts and jobs act legislation (as they become clearer) and provide services/planning for more probable changes in taxes/economy for 3-5 year, 5-10 year and 10 year+ timeframes. (anthony aleta) read more →
staffing, tech, prices top tax pros’ concerns
small businesses are advised to prepare for change.
join the busy season barometer. get the results
by 卡塔尔世界杯常规比赛时间 research
if you think we’re in for a year of stability and calm, you haven’t been paying attention.
whether you think the nation and the world are moving in the right direction or the wrong, one thing we can all agree on is: we’re in for some change.
more: more than 1 million erc claims still not processed | art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | art werner: beneficial ownership and control | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions
exclusively for pro members. log in here or 2022世界杯足球排名 today.
if you need details on that, consider yourself lucky. return to your cave and go back to sleep.
on the other hand, if you’re an accountant, you need to stay awake, monitor the political-economic-financial situation and keep your clients advised. they need you now more than ever.
read more →
tax pros see better year for those close to home
nationally … they’re not so sure.
by 卡塔尔世界杯常规比赛时间 research
cpas, enrolled agents and other tax practitioners are always on the front line of the economy. with offices in tens of thousands of locations across the country, they know who’s making money and who’s struggling.
according to early results from the 2025 busy season barometer, accountants have completely reversed their 2024 predictions for the economy.
more: art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | art werner: beneficial ownership and control | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not. | every tax reviewer should be able to answer these ten questions | taxpayer advocate sees big improvements at irs | ask tax clients the right questions | major changes to circular 230: implications for tax professionals | cornerstone report
exclusively for pro members. log in here or 2022世界杯足球排名 today.
a mirror image
what a difference a year can make. look how the numbers have switched places, almost as if in a mirror image.
read more →
five ways to fill the staffing gap
it takes more than moolah.
by 卡塔尔世界杯常规比赛时间 research
the 2025 卡塔尔世界杯常规比赛时间 busy barometer is finding that the talent shortage is one of the accounting industry’s primary concerns, and the wolters kluwer future ready accountant report confirms that the shortage of accounting professionals is expected to be a top issue over the next five years.
more: show us the money! accountants are making more | twelve years and out: seasoned accountants join the exodus | how accounting firms are handling the staff shortage
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the shortage is global, the wolters kluwer report says. around the world, 35 to 40 percent of firms identify recruitment and retention as their biggest challenge.
read more →
tax pros gear up for a better busy season
survey respondents say a new year means new plans.
by 卡塔尔世界杯常规比赛时间 research
tax season 2025 begins. ready or not.
most pros will hit the ground running.
by 卡塔尔世界杯常规比赛时间 research
ready or not, here it comes: the marathon of the tax season. the w-2s are in the mail, the k-1s shouldn’t be far behind, and the 1099s are being filed.
more: every tax reviewer should be able to answer these ten questions | art werner: corporate transparency act and fincen reporting | quick tax tip | taxpayer advocate sees big improvements at irs | ask tax clients the right questions | major changes to circular 230: implications for tax professionals
exclusively for pro members. log in here or 2022世界杯足球排名 today.
so far, most of america’s cpas and tax preparers are ready for the tax season and reasonably optimistic about this year’s revenues.
according to early results to the 卡塔尔世界杯常规比赛时间 busy season barometer, 44 percent of respondents are better prepared than they were last year, and almost as many are in about the same position as last year. only 14 percent say they’re less ready than last year, with a mere 3 percent much less ready. fifteen percent are “much better” prepared.
but that was before a trump-ordered government-wide hiring freeze and new threats of over $20 billion in budget cuts.
irs still unsure how to measure audit rate
differing definitions are only part of the problem.
by 卡塔尔世界杯常规比赛时间 research
the inflation reduction act endowed the irs with almost $80 billion to improve customer service and beef up enforcement. congress later reduced the amount to $57.8 billion, with $24 billion earmarked for enforcement.
in no time at all, there was misinformation bouncing around social media and conservative podcasts, claiming that the ira would result in more audits of middle-class taxpayers.
more: art werner: estate planning strategies | quick tax tip | art werner: post-mortem estate planning | quick tax tip | pause to praise the tax pro volunteers | irs vs. fraudsters | imagine! the national tax advocate does | art werner: maximizing fringe benefits | is the irs mismeasuring phone service? | irs makes big progress but … | business booming, but not as much as last year | busy season barometer offers clues for better business | tax practitioners say happy days are here … again | the irs is coming! get your clients into compliance
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the enforcement resources had no such designation. to allay fears, in 2022 the secretary of the treasury directed the irs commissioner not to use any of the additional resources to increase the audit rate of small businesses or households earning below $400,000.
read more →