{"id":108942,"date":"2023-02-27t11:59:48","date_gmt":"2023-02-27t16:59:48","guid":{"rendered":"\/\/www.g005e.com\/?p=108942"},"modified":"2024-08-07t23:09:40","modified_gmt":"2024-08-08t03:09:40","slug":"more-cpas-see-worsening-economy","status":"publish","type":"post","link":"\/\/www.g005e.com\/2023\/02\/27\/more-cpas-see-worsening-economy\/","title":{"rendered":"more cpas see worsening economy"},"content":{"rendered":"

\"\"<\/a>… especially for small businesses.<\/strong><\/p>\n

by 卡塔尔世界杯常规比赛时间 research<\/em><\/p>\n

accountants have a unique view of economies \u2013 local, national and micro. more than anyone else, they scrutinize numbers, the real numbers, the numbers that real companies and real families report. they see what\u2019s really happening in black and white \u2026 and red.<\/p>\n

more: <\/b>has early tax season optimism peaked?<\/a> | marchternity: just say \u2018no\u2019<\/a> | marchternity: the solution is community<\/a> | why the irs is still doing data entry by hand<\/a> | news on irs is maybe sort of a little bit good<\/a> | why we all hate the tax code<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

and what they\u2019re seeing now, in terms of economics, according to latest results from the 2023 cpatrendlines busy season barometer, doesn\u2019t look good.<\/p>\n

the economic future didn\u2019t look good when the first responses came in, and now it\u2019s looking a little worse.
\n
\nin january, about 28 percent of respondents thought their clients would be doing somewhat worse (27 percent) or, in just a few cases, much worse (just under 1 percent). but just over 22 percent thought their clients would do somewhat or much better this year.<\/p>\n

now, 28 percent say \u201csomewhat worse,\u201d and 1.5 percent say \u201cmuch worse.\u201d the \u201cbetter\u201d categories barely cleared 21 percent.<\/p>\n

consistent indicators<\/strong><\/p>\n

the difference is statistically insignificant, but it\u2019s insignificant in the wrong direction. trouble is, we\u2019re seeing a similar drop in other indicators.<\/p>\n

prognostications for their own firms are tilting downward. in january, just over 11 percent foresaw a year somewhat or much worse. now that number\u2019s passed 14 percent. and where about 50 percent said their firms might do better, now that total\u2019s dropped to 46 percent.<\/p>\n

oddly enough, the respondents\u2019 outlook for small business in general is rising in the opposite direction. in january 59 percent were expecting trouble, but now it\u2019s only 56 percent. the number hoping for better conditions dropped a tad. the percentage expecting no significant change for small businesses rose from 19 to 25.<\/p>\n

a month ago, asked what the conditions for small businesses would look like, 27 percent said revenues would fall; now it\u2019s 31 percent. now, as then, 27 percent feel revenue may get somewhat better, but not one respondent says it will get much better.<\/p>\n

the underlying culprit<\/strong><\/p>\n

payroll costs seem to be the underlying culprit. last month, a good 51 percent said payroll pressures would get worse (with 5 percent predicting it could get much worse). now 55 percent have joined the camp of pessimists. ten percent once hoped it might get better, but that\u2019s dropped to 8 percent.<\/p>\n

projected hiring is looking worse, too. where just under 8 percent thought it might get worse, now it\u2019s close to 10 percent. better? the 18 percent who said \u201csomewhat\u00a0 better\u201d has dropped to 16 percent.<\/p>\n

any of these numbers alone would have little significance. but they all seem to be agreeing: things could get tight, and employment could suffer.<\/p>\n

cpa advice to small businesses<\/strong><\/p>\n

recognizing impending trouble, cpas are offering some advice for small business. they tend to offer versions of \u201cbe prepared\u201d and \u201cvalue staff.\u201d<\/p>\n