get ready for a transformation in the tax business unlike anything we have experienced since turbotax. the transformation will force many of your colleagues to sell, retire, or go out of business. it will force many of your staff out of the profession. it will change the way you serve clients. and, it will either result in tremendous opportunity for you or end your practice. this transformation is zero data entry.
“worst tax season ever.” “the death of the 1040 practice.” “i’m retiring.”
by frank stitely
since the end of tax season, cpas voiced apocalyptic concerns. you can blame this latest meat grinder of a tax season on congress, competition from turbotax, and the irs.
or you can recognize that three trends are converging that will either transform your practice or eliminate it. read more →
a new 卡塔尔世界杯常规比赛时间 analysis of long-term tax season activity shows how tax professionals may be working harder and enjoying it less. we’ll let two charts speak for themselves.
– rick telberg
even as tax professionals have been increasing the number of e-filed tax returns…
the nation’s tax accountants failed in the final days leading up to april 15th to close the gap commonly attributed to early-season delays and confusion, according to the latest data available.
but if the shortfall holds through coming weeks of data gathering, 卡塔尔世界杯常规比赛时间 believes it could mark a significant and serious downturn in the future of the tax prep industry.
in this report:
tax professionals e-filed 63.3 million returns, down 0.4% from last year’s 69.6 million.
meanwhile, the number of do-it-yourself e-filers grew 4%, to 43.1 million, up from last year’s 41.3 million.
complete statistics onindividual income tax returns, filings and filing rates, week by week, in year-to-year percentage change
chicago cpa jody padar helps clients calculate their carbon footprint.
in a sign of things to come as consumers turn to socially responsible shopping, one of the profession’s leading changemakers, chicago cpa jody padar, is launching the world’s first online tax return service that helps clients save money on their taxes while showing them how to reduce their carbon footprint and earn green perks.
branded ecotaxfile.com, the service “gives consumers and small businesses a level of confidence in their tax returns that can only come from working with a full-time accounting professional,” says jody padar, cpa, mst, operations director for ecotaxfile.com and one of accounting today’s 100 most influential people in accounting as an advocate for forward-thinking cpas. she practices out of her new vision cpa group in arlington heights, ill.
available for tax filers in the u.s. and canada, ecotaxfile.com offers real-time, personalized consulting from professional tax accountants and provides individuals and small businesses with tools and specific recommendations for cutting their carbon consumption along with special offers and deals for less carbon-intensive activities.
“we provide direct access to full-time cpas and tax professionals who can help eliminate the stress of tax filing while finding every possible way to maximize your refund or reduce your tax payment,” padar says.
“it’s simple: when you file your taxes with us, we’ll also calculate your carbon footprint,” says ecotaxfile.com founder brad cran. “we then identify areas where you can reduce your impact to live cleaner and save even more money.”
majority of practitioners reporting improved results.
complete findings are published in the 卡塔尔世界杯常规比赛时间 practitioner’s tax season performance review and outlook report. (learn more here)
by rick telberg
the 卡塔尔世界杯常规比赛时间 busy-season mood-barometer is showing significantly higher satisfaction and confidence ratings as the profession grinds through one of its best performances in years. read more →
tools for balancing work and life in the most special time of year.
by ira rosenbloom
three nights a week and saturdays. for many accountants, this describes the extra effort that is made to properly service clients during tax season. the quality of life for accountants and their families typically takes a turn for the worse during this special time of year. most will tolerate the change because it brings cash flow and profits.
but are accountants truly making the most of this extra effort? what if it were possible not only to improve tax season but also to enhance profitability and improve quality of life, as well? here are ten steps that will give you a better shot at achieving those goals. read more →