{"id":54448,"date":"2018-05-01t18:03:21","date_gmt":"2018-05-01t22:03:21","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=54448"},"modified":"2024-10-01t09:35:51","modified_gmt":"2024-10-01t13:35:51","slug":"survey-new-law-puts-inflicts-new-pains-tax-season","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/05\/01\/survey-new-law-puts-inflicts-new-pains-tax-season\/","title":{"rendered":"survey: new tax law inflicts new pains on busy season practitioners"},"content":{"rendered":"

\"\"<\/p>\n

blame the clients.<\/strong><\/p>\n

by rick telberg<\/em>
\n卡塔尔世界杯常规比赛时间<\/em><\/p>\n

change and uncertainty are constants in the tax prep business, and this year\u2019s busy season indicates no exception. this tended to be a good year, according to the annual 卡塔尔世界杯常规比赛时间 busy season barometer, with a majority of america\u2019s cpas foreseeing a better than average busy season.<\/p>\n

\n

see more tax season 2018 coverage here<\/a><\/h3>\n<\/blockquote>\n

but 31 percent see themselves suffering a worse season.\u00a0their definition of \u201cworse,\u201d however, swung between two opposites. mosty of it boiled down to clients \u2013 late, unprepared, annoying, questioning, fee-resisting clients.<\/p>\n

too much work<\/strong><\/p>\n

for some, \u201cworse\u201d meant more engagements and consequently more work, more late nights, more headaches than aspirin can handle.<\/p>\n

\u201cwe have a new and large client,\u201d said a cpa whose nom de guerre is diane, who cringed into a \u201csomewhat worse\u201d season. \u201clots of additional returns to be filed.\u00a0 but, that’s a good thing.\u201d<\/p>\n

for some, however, \u201cmore work\u201d didn\u2019t necessarily mean more clients. it meant exasperation and the challenge of keeping up with change.<\/p>\n

\u201cdamn double whammy of the tax cut and jobs act of 2017 and the budget act of 2018,\u201d said the head of a small firm on long island, n.y., adding, \u201cblowback about fees.\u201d<\/p>\n

not enough work<\/strong><\/p>\n

for others, \u201cworse\u201d meant not enough work, business dwindling for one reason or another.<\/p>\n

\u201cdeath of tax clients, and people doing their own with turbotax,\u201d said a cpa named mary ann, reflecting a common complaint. and her complaint may be a warning for us all. if anything\u2019s inevitable, it\u2019s death, taxes, changes to tax law, and tax software for dummies.<\/p>\n

others saw the headaches of complication coming down the tracks.<\/p>\n

\u201cwe had a merger which caused us to change our software provider,\u201d one respondent said on the verge of a \u201cmuch worse year.\u201d \u201cthis along with the lack of qualified staff have made things move much slower this year,\u201d<\/p>\n

jeanine buben-croy, of business consulting & taxation in westminster, colo., has been struggling with an overload of complications.\u00a0\u201ctwo big tax projects taking up most of my time and resulting in financial losses,\u201d she says. “there just seems to be a lot of tax problems this season, as opposed to routine current tax preparation, that has not existed in past years.\u201d<\/p>\n

daniel allen, cpa, worries that the new season will be somewhat worse because of changes in the tax landscape.\u00a0\u201calthough we increased our fees across the board almost twenty percent versus our normal five percent increase, we have been able to justify the increase as clients are anxious to learn more about the tax bill passed in december of 2017,\u201d allen tells us. \u201calthough we have yet to do any significant tax planning during busy season, we have offered general observations to interested clients as to how the new tax code may affect them.\u00a0 many clients were under the impression the 2017 tax returns would be directly impacted by the new tax bill. we plan on significant tax planning revenue compared to most years after busy season due to us bringing certain items to clients’ attention regarding the tax code changes during busy season.\u201d<\/p>\n

among others who feel burdened by the need to do something besides calculate taxes is donna schmidt, sole proprietor of albuquerque\u2019s double underscore, inc. she says, \u201chaving to explain the changes from 2017 to 2018 has been a real challenge – the stupidity of parts of the new tax law is almost unbelievable.\u201d<\/p>\n

despite the moans, really only ten percent suffered\u00a0much<\/em> worse year. at the same time, 17 percent sauntered into a much better<\/em> year.<\/p>\n","protected":false},"excerpt":{"rendered":"

blame the clients. by rick telberg 卡塔尔世界杯常规比赛时间 change and uncertainty are constants in the tax prep business, and this year\u2019s busy season indicates no exception. this tended to be a good year, according to the annual 卡塔尔世界杯常规比赛时间 busy … continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"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":[2779,3120,11,1906,2246],"tags":[],"class_list":["post-54448","post","type-post","status-publish","format-standard","hentry","category-charts-graphs","category-pro-member-exclusive","category-research","category-tax-practice","category-busy-season"],"acf":[],"yoast_head":"\nsurvey: new tax law inflicts new pains on busy season practitioners - 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