busy season is all about taxes, but according to a survey underway by 卡塔尔世界杯常规比赛时间, the ohio society of cpas and consultant michael ramos, practitioners are by no means putting taxes away for the year.
apparently, it’s the constant evolution of tax laws and loopholes that keeps tax prep professionals busy all year. diane merk, at one of clark schaefer hackett’s offices in ohio and kentucky, says, “i only do tax work and structure my cpe to that area,” and she adds that this year she’ll be needing to focus on “ohio’s potential new changes in the taxable of pass-through entities.”
according to the final results of the 卡塔尔世界杯常规比赛时间 2016 busy season survey, this has been a relatively good year…better than last year, anyway. a good 60 percent of respondents said 2016 was much better or somewhat better than 2015.
which, admittedly, isn’t saying much. last year was a bad year, a perfect storm of problems. it left 19 percent grousing about a “somewhat worse” busy season, another 3 percent saying it was “much worse.”
could 2016 really be worse than 2015, especially given that it was so much better for so many tax preparers? yep.
with apologies to lewis carroll, 2016 wonderland compared to 2015.
by 卡塔尔世界杯常规比赛时间
when 卡塔尔世界杯常规比赛时间 sent out its 2016 busy season questionnaire, the early results looked good. comparing the early stages of 2016 against the same period in 2015, 18 percent told us their year was looking much better. another 32 percent somewhat optimistically told us of a “somewhat better” year. that added up rather neatly to half, which was better than in 2015, when only 44 percent said their year was better than the year before.
and then, as the season closed on april 18, something beautiful happened. this year turns out to be even better than expected. almost a quarter—23.6 percent—report a much better year, and more than a third—36.5 percent—report a somewhat better year.
all in all, 2016 exceeded expectations. in both directions.
top trends, metrics, benchmarks, and lessons learned. by rick telberg 卡塔尔世界杯常规比赛时间 for most cpas, this year’s busy season may have been a marked improvement from last year’s, but that doesn’t mean savvy practitioners aren’t already learning new lessons and … continued
accountants bullish on their firms. not so much on clients. and outright negative on the u.s. source: 卡塔尔世界杯常规比赛时间
not so much for their clients. and they’re negative on the u.s.
by rick telberg 卡塔尔世界杯常规比赛时间
if anyone has their finger on the pulse of the american economy, it’s america’s cpas. they’re out there in the trenches of economic activity. they know what’s happening in their nook of the nation. they feel the optimism or pessimism of their clients, the people who make the economy work.
and tax season is when cpas and tax preparers receive an influx of information on how their clients are doing. some of that information pops up in the 卡塔尔世界杯常规比赛时间 2016 busy season survey. and the news is good… well, pretty good. well, mostly. read more →
31% report problems, making it one of the top three issues of the 2016 season. but can accountants turn the problem into a new opportunity?
by rick telberg 卡塔尔世界杯常规比赛时间
with identity theft emerging as one of the biggest problems for tax preparers, their clients, and their friends at the internal revenue service, 卡塔尔世界杯常规比赛时间 is asking how to turn that problem into an opportunity.
after all, security costs money. if clients are made aware that the danger is real, maybe they could be willing to pay a little more if they know their tax preparer is spending resources on security. it might also be an opportunity for practitioners to offer their it expertise or it partners to help clients secure their systems. it would be a win-win-lose situation for practitioners, clients, and hackers, respectively. and even if better security doesn’t translate to better revenues, it’s always a good selling point. clients need to know of the danger and preparers’ efforts to counter it.
still, it’s a problem for the practitioners we’re canvassing even when it doesn’t happen, mostly because of the cost and inconvenience of prevention efforts.
drop in audit time and recommended additional tax — big corporations
nation’s biggest companies benefit from congressional budget cuts.
by rick telberg
卡塔尔世界杯常规比赛时间
maybe it’s only legend, but if you’re a quotation buff, you’ve probably heard novelist f. scott fitzgerald telling hemingway, “the rich are different from you and me.” hemingway responds, “yes, they have more money.”
the same may apply to giant corporations, at least as far as the irs is concerned. and the consequences are far from amusing.
also, work happens. many of us start out with lofty plans that go astray as the practice develops. many things cause it – clients we get, availability or lack of availability of the right staff, how we choose to learn or not learn new things, and even where we locate. read more →
refunds are up a smidgen, while website visits soar.
by 卡塔尔世界杯常规比赛时间
are more e-filers switching to self-preparation, and if so, why?
the “why” unfortunately isn’t told in the data, but the most recent tax filing statistics available show that e-filings by professionals are down 3.6 percent from the same week in 2015, while self-preparation is up 3.8 percent.
e-filing receipts as a whole were flat at 55 million, with 27.7 million coming from tax professionals and 27.37 self-prepared. sure the pros’ number is larger, but we like to look at trends here, and this one causes concern. not to mention that larger number is by a hair’s width of a margin, as pros are handling 50.3 percent of e-filings. read more →
i had a group of gastroenterologists as clients who were going to get into a business of inserting a gastric bubble into people’s stomachs. there were a number of issues to this. read more →
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the factors that undermine an otherwise better busy season.
with apologies to lewis carroll, 2016 wonderland compared to 2015.
put them to work for you.
