and 11 more things for taxpayers to worry about, from the irs.
the irs is warning tax payers this year to watch out for a wide range of schemes ranging from identity theft to return preparer fraud.
[jwplayer mediaid=”18138″]
the following is the dirty dozen tax scams for 2012:
get the instant download: ed mendlowitz’ tax season opportunity checklist kit. free to pro members.
ed mendlowitz, cpa and partner at withum cpas in new brunswick, n.j., has survived more than 40 tax seasons and built a thriving book of business.
he knows a thing or two about how to run an office in busy season. over the years, he has compiled this handy list of the most frequently found errors in tax return preparation:
1. number transposition and spelling errors. this includes income and deduction amounts and client social security numbers, addresses and zip codes. spelling errors should also be avoided – they indicate a lack of attention to what you are doing. read more →
four in five expect the same or better than last year’s busy season.
by rick telberg
as busy season 2012 gets into full gear, tax and accounting professionals are holding steadfast to their confidence that this year’s results could show a marked improvement over last year’s, according to current readings of the profession by 卡塔尔世界杯常规比赛时间.
with january 2012 just beginning, 55% of accountants expect 2012 to be overall “somewhat” or “much” better than 2011, which is relatively unchanged from readings in november and december. to be sure, 26% expect no change from last year, and 19% are bracing for “worse.”
in other findings from the 卡塔尔世界杯常规比赛时间 busy season barometer and related reports:
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)
major metrics suggest rebounding business.
most tax and accounting professionals heading into busy season are expecting meaningful improvements over last year in revenues and profits, according to new 卡塔尔世界杯常规比赛时间 research.
after a conservative 3.2% price increase last year.
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)
tax and accounting practitioners are again cautiously raising prices this year, prompted by years of little or no rate hikes and continuing step-ups in labor and technology costs, according to new 卡塔尔世界杯常规比赛时间 survey data.
becky klotz, the head of small local firm of tax consultants in oregon, says that, with an economy where “i don’t see much improvement in the near future,” her firm will be raising pricing, but “just a bit.”
on the other hand, wray rives at rives cpa in coppell, texas, is holding the line. “we believe we are priced at the right level for our market,” he says.
small but measurable advances.
preliminary results from a survey by 卡塔尔世界杯常规比赛时间 suggests that tax and accounting professionals are expecting a better busy season this year than last year.
last year at about this time, practitioners rated the then-upcoming 2.35 on a five-point scale with 5 being “much better” than the year before and 1 “much worse.”
in other findings from the 卡塔尔世界杯常规比赛时间 busy season barometer and related reports:
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)
new and preliminary data rate the outlook a 2.42, a scant but perceptible improvement.
practitioners and experts seem to agree this coming tax season should be markedly better than last year’s.
and last year, for most, was better than the year before. we caught up with a few of the best-informed people in the business at the 2011 cch user conference.
click on this video to start the playlist:
…i want to be a tax accountant. charming, cute, and so true it’s sorta sad…
mark luscombe, jd, llm, cpa , and cch principal federal tax analyst, tells practitioners what to watch out for in the busy season ahead.
most tax and accounting firms are falling behind in their operating practices and processes, according to a new survey.
and, astoundingly, they know it and admit that it may take them years to catch up.
iphone and ipad users can click here; androids here.
via cch
cch is launching a free tax news highlights app for iphones, ipads and android devices
the app was spearheaded by cch’s newly formed agile publishing solutions team, a rapid development prototype team.
for now, the cch tax news highlights app focuses solely on the most up-to-date federal and state tax news headlines – available at the touch of a screen icon. the app has the ability to grow into a much larger information content source designed for professionals, educators and students for all relevant tax and accounting news.
it’s the best time to learn the tough lessons to apply next year.
with busy season a frenzy, most professionals keep their heads down and their noses to the grindstone.
but if you’re in management, you can’t afford to waste the once-a-year opportunity to take notes on what’s working, what’s not and what to do about it before the next busy season.
with that in mind, roman h. kepczyk, cpa.citp, lists seven tech tends to watch: read more →
corporate hiring plans go from dreary to dismal.
worried by economic crises and gridlocked political systems, about 53% of cfos surveyed by deloitte say they are losing faith in the economic outlook, a dramatic change from 32% in the previous quarter.