{"id":107755,"date":"2023-01-25t23:46:41","date_gmt":"2023-01-26t04:46:41","guid":{"rendered":"\/\/www.g005e.com\/?p=107755"},"modified":"2024-08-14t09:30:05","modified_gmt":"2024-08-14t13:30:05","slug":"how-bullish-are-you-this-tax-season","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/01\/25\/how-bullish-are-you-this-tax-season\/","title":{"rendered":"how bullish are you this tax season?"},"content":{"rendered":"

tax pros see gains in clients, revenue, and profits.<\/strong>

\"\"
rosy scenario:<\/strong> 75% forecast increases in revenue per client. more work, or higher fees, or both?<\/figcaption><\/figure><\/p>\n

join the 5-minute survey. get the answers. start here<\/span>.<\/a><\/strong><\/h4>\n

by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n

if the early results of the 2023 卡塔尔世界杯常规比赛时间 busy season barometer are any indication, tax practitioners can look forward to a lucrative year.<\/p>\n

more tax season \u201923<\/strong>:accountants\u2019 top problems for tax season 2023<\/a> |\u00a0tax season 2023: better or worse?<\/a>\u00a0|\u00a0tax: the procedural checklists your firm needs<\/a>\u00a0 |\u00a0\u00a0stop tax return review shortcuts<\/a>\u00a0 |\u00a0\u00a0offers in compromise aren\u2019t for everyone<\/a>\u00a0 |\u00a0\u00a0trump\u2019s tax returns: read the originals here<\/a>\u00a0 |\u00a0\u00a0survey: tax software favorite keeps crown<\/a><\/p>\n

<\/figcaption><\/figure>\n

\"goprocpa.com\"exclusively for pro members.\u00a0<\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/p><\/blockquote>\n

over 46 percent of respondents expect a five to ten percent expansion of clientele, and another 13 percent say theirs will swell by more than ten percent.<\/p>\n

consequently, more than three-quarters foresee an increase in revenues, and barely nine percent fear a decline.<\/p>\n

ditto for net profits, though the increases might not match the increases in revenue as \u201conly\u201d 67 percent expect a better bottom line though 12 percent see a dip on the way.<\/p>\n

revenue and profit per client are also looking good. a good 59 percent are confident they will see better revenues per client, and an optimistic 19 percent figure the increase will exceed 10 percent.<\/p>\n

more chi-ching<\/strong><\/p>\n

profit per client is also rising, with 57 percent hearing five to ten percent more chi-ching coming down the pike, and another 15 percent are looking forward to a major chi-ching.<\/p>\n

looking at comments some respondents offered, the growth in client lists may be attributable to attrition in the profession as more practitioners retire while fewer step in to replace them.<\/p>\n

so while the increases in clientele will result in revenue increases, the higher revenue may not always translate to higher profits. why? because firms have had to hire new staff to handle all those new clients.<\/p>\n

demand up, supply low<\/strong><\/p>\n

one practitioner who sees increases across the board says, \u201cour firm has upped marketing to new clients, raised base prices and anticipates more business; however, there were many additional expenses in 2022 that will decrease the revenue per client overall.\u201d<\/p>\n

another explains why revenue and profit aren\u2019t running parallel.<\/p>\n

\u201cincreased salaries and bonuses to existing staff to retain them,\u201d the respondent reported. \u201cfee increases do not necessarily cover the rate of increase in comp.\u201d<\/p>\n

bruce ekmanian, at\u00a0 california\u2019s ekmanian tax and accounting, tells us why he\u2019s so excited: \u201chaving to raise fees,\u201d he says. \u201cdemand is up, supply is low!!!\u201d<\/p>\n

fingers are crossed for fewer extensions, with only nine percent fearing the number will go up much, and 23 percent hoping for a decrease.<\/p>\n

kelli cox, a partner with cgc accountants & advisors, has reason to hope for fewer extensions.<\/p>\n

\u201cwe expect fewer extensions as clients seem to be becoming more and more anxious, wanting things instantly,\u201d cox tells us. \u201cthis compresses tax season even more.\u00a0 of course they don’t want to pay more for instant service!\u201d<\/p>\n

a pacific coast consultant summed up a lot of the factors influencing this year\u2019s tax season, telling us \u201cwe have more clients because cpas in the area are either retiring or not taking on new clients because of staffing\/capacity restraints.\u00a0 with no real pipeline of new cpas entering the profession, it\u2019s even difficult for clients to find a cpa to do their work.\u00a0 more tax complexities at all levels, federal, state and local. we are also finding 3rd parties asking clients for increased levels of financial statements, hence more comprehensive compilations and we are seeing an uptick in the request for reviewed financial statements as well.\u201d<\/p>\n

we\u2019re just getting into the tax season, but so far, 2023 could be a banner year.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\"<\/a>
\ntax pros see gains in clients, revenue, and profits.<\/strong>
\nby 卡塔尔世界杯常规比赛时间 research<\/em>
\njoin the 5-minute survey. get the answers. start here<\/span>.<\/a><\/strong><\/h4>\n","protected":false},"author":17,"featured_media":107761,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2779,1905,2780,5,2274,3120,3002,11,1906,2246],"tags":[4278,98,3958,4281,4283],"class_list":["post-107755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-charts-graphs","category-clients-and-service","category-news-2","category-outlook","category-pricing","category-pro-member-exclusive","category-special","category-research","category-tax-practice","category-busy-season","tag-billing-rate","tag-busy-season","tag-cpa-billing-rates","tag-fee-structure","tag-pricing-rates"],"acf":[],"yoast_head":"\nhow bullish are you this tax season? 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