accountants without borders: tight talent pool drives salary increases nationwide

in the war for talent, “local” cpa firms face new threats from distant, bigger rivals.

by rick telberg
卡塔尔世界杯常规比赛时间

the traditional business model of the so-called “local” cpa firm is being challenged anew by the emergence of a single, unified coast-to-coast talent market that’s undermining the pay differences between big-city and small-town firms.

more on jobs: where the jobs are (and what you need to get them)  |  cpa firms post 5% growth rate | how to set your firm apart to recruits
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

that’s bad news for traditional firms trying to control staffing costs. but great news for a new generation of top talent.

read more →

survey results: security and id theft emerge as top tax season worry

even as irs sees declines.

by rick telberg
卡塔尔世界杯常规比赛时间

the 卡塔尔世界杯常规比赛时间 busy season survey is turning up a disturbing finding, one that looks like it’s only going to get worse.  join the survey. get the answers

late and unprepared clients scored high, indicated by 41.6 percent of respondents. staffing issues, at 34 percent, was right up there, too. but the most common concern was security, privacy, and identity theft, checked off by 46.2 percent.

more on busy season: tax refunds up slightly   |   irs budget: penny-wise, pound-foolish   |   irs taxpayer advocate questions preparation of tax preparers   |   future state or future shock? irs watchdog warns of dubious irs plans   |

join the survey. get the results
join the survey. get the results.

tax season productivity hacks   |   tax filings data looking less squirrely   |   letting staff go after tax season   |  how to sell bundled tax services   |   survey results: who’s afraid of busy season 2017?   |   a little tax humor   |   tax return filings still lag, but pros hold 57% of market   |   checklist: 46 avoidable tax-filing errors – if clients only knew   |   survey results: practitioners bullish on busy season 2017   |   free instant download: sample fee schedule for 1040s   |   tax filings down, but irs blames the calendar   |   busy season 2017 gets off to strong start   |  2017 fee survey: price for non-itemized 1040s advances 6% to $176    |   the annual tax meeting is dead. clients killed it.   |   mandatory saturdays stir controversy 

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it isn’t often that one category of concern reaches the mid-40s. in 2016, “clients late or unprepared” is the only one that’s consistently up there, ranging from a low of 47.3 in 2016 to 59.3 percent in 2010. but generally, the numbers for that category have been improving.

read more →

irs budget: penny-wise, pound-foolish

irs funding in decline. ($ billions, inflation adjusted)

tax professionals feel the pain.

by rick telberg
卡塔尔世界杯常规比赛时间

people don’t often have much nice to say about the internal revenue service. but everybody seems to like what internal revenues pay for—the powerful military, the court system, the interstate highways, air travel safety, the control of disease, the prevention of pollution, national parks, health benefits for elected officials, and so much more.

without taxes, we don’t have a great country. we don’t even have civilization. and without the irs, we don’t have taxes.

despite the crucial importance of the irs, congress has reduced the service’s budget to the point where lost revenues may exceed (if they aren’t already) cost savings. and the problem can only get worse, professionals say, with a 14-percent budget cut next year, as reportedly planned by the white house. read more →

doug sleeter cited for leadership

sleeter
sleeter

by 卡塔尔世界杯常规比赛时间

irs taxpayer advocate questions preparation of tax preparers

three big issues: code, cooperation, competence.

table shows reduction in irs geographic presence and employees since 2011.

 

by rick telberg
卡塔尔世界杯常规比赛时间

national taxpayer advocate nina olson, who heads the taxpayer advocate service, is citing three broad areas that congress should deal with if it hopes to avoid revenue catastrophe at the internal revenue service.

related: future state or future shock? irs watchdog warns of dubious irs plans

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the three main issues are: read more →

future state or future shock? irs watchdog warns of dubious irs plans

questionable solution: irs outsourcing taxpayer communication.

 

by rick telberg
卡塔尔世界杯常规比赛时间

a few years ago the internal revenue service launched a belt-tightening overhaul it called the future state.

the changes were devised with good intentions. the service wanted to deal with taxpayers more through the internet and less over the phone or in person. it would also expect taxpayers to hire outside tax specialists to give them advice that the irs had once offered as a free service.

ideally, all of this would reduce the cost of collecting taxes. but the taxpayer advocate service soon warned that the changes would lead to more aggravation and less goodwill among taxpayers. less goodwill, the tas said, could lead to less compliance, which translates into less revenue to the united states treasury.

the irs heard the warnings and initiated a country-wide series of forums and a website dedicated to explaining the future state plan. irs representatives even went before congress to explain that the service was not eliminating all phone or personal contact with taxpayers.

national taxpayer advocate nina olson, who heads the tas, commended the irs on these outreach efforts, but she felt that the real problems had not been addressed. the plan failed to consider and incorporate the needs and preferences of people who are expected to voluntarily comply with their tax obligations, i.e., american taxpayers.

read more →

tax season productivity hacks

five good habits for getting things done.

the best time management tips:
join the survey, get the answers

by salim omar

tax time is widely considered the “busy season” for practitioners, but it doesn’t have to mean chaos and misery. a well-managed firm allows its owner to conduct business and live life at a reasonable pace no matter what the season.

more on productivity: does busyness really mean productivity?  | how many hours should accounting staff work?  |  when everything takes too long  | new lessons in time management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

by employing a few clever and surprisingly simple productivity hacks, you, too, can have a better tax time experience beginning this very season. put these new habits to work for you now: read more →

the economy’s biggest winners & losers from immigration

cpa firms with clients in coastal and southern border states may be most vulnerable to loss of immigrant economic activity.

economic impact of immigration, ranked by state. source: wallethub

by 卡塔尔世界杯常规比赛时间 research

if there’s ever any massive curtailment of immigration into the united states, cpa firms in states along ocean coasts and in major metro markets may be the most vulnerable to losing prospective clients and future job candidates.

a new study of demographic trends nationwide finds that immigrants play an especially key role in economic growth on both coasts with california, new jersey, florida, new york and hawaii, ranking as the states with highest percentages of jobs created by immigrant-owned businesses.

the study, conducted by the personal finance advisory web site wallethub , further finds that california, new jersey, new york, delaware and massachusetts are where foreign-born people hold the greatest percentages of jobs in the fast growth technology science, technology and engineering fields.

meanwhile, new jersey, along with the district of columbia and its neighbors virginia and maryland, are where households headed by immigrants have the highest incomes.

read more →

survey results: who’s afraid of busy season 2017?

卡塔尔世界杯常规比赛时间 research projects shake-out of weaker firms.

join the survey. get the results.

by rick telberg
卡塔尔世界杯常规比赛时间

the difference between the potential winners and losers this busy season could hardly be more stark, according to a 卡塔尔世界杯常规比赛时间 analysis of the annual busy season outlook tracking survey.

while some 56 percent of accountants so far say they’re looking at a “better” or “much better” busy season this year than last year, a distinct minority of about 16 percent is bracing for problems, trouble and setbacks.

more on busy season:  bullish on busy season 2017  |  46 avoidable tax-filing errors – if clients only knew  |  tax prep gets off to strong start  |  sample fee schedule for 1040s  |  tax filings down, but irs blames the calendar  |  survey results: busy season 2017 gets off to strong start   |   2017 fee survey: price for non-itemized 1040s advances 6% to $176   |   the annual tax meeting is dead. clients killed it.   |   reader sound-off: mandatory saturdays stir controversy    |   tax season opportunity kit free instant download   |   world envies low u.s. tax rates on luxury real estate transfers   |   the new small-business loophole you can drive a truck through

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the annual survey tracks the attitudes, behaviors and benchmarks of tax and accounting professionals throughout the season, providing real-time metrics and trends by which practitioners can chart and steer their business plans. the survey remains open throughout the season, as an invitation to professionals to participate regularly. as a reward for joining the survey, participants are provided the first look at new topline findings. join the survey; get the results.

in examining some of their other responses, the reasons emerge with clarity. for instance, those expecting a “worse” year, are three times more likely than those expecting  “better” season to cite the “general economic situation” as a chief concern, twice more likely to blame “competition from others,” a third more likely to report “technology or software problems, and a quarter more likely to be having problems with “new accounting and auditing” and staffing” issues. those issues cut to the heart of fundamental and basic operations. read more →

survey results: bullish on busy season 2017

busy season bulls outnumber bears three to one. via 卡塔尔世界杯常规比赛时间 research

profession plows ahead with high hopes.

how’s your busy season so far?
join the survey; get the results.

by rick telberg
卡塔尔世界杯常规比赛时间 research

if expectations pan out, busy season 2017 might be a banner year, according to the first soundings from the 18th annual 卡塔尔世界杯常规比赛时间 busy season barometer. there’s optimism in the air.

a full fifth of respondents tell us they foresee a busy season “much better” than last year’s. and more than a third—36 percent—believe their season will be at least “somewhat better.” together these optimists make up 56 percent of respondents, more than three times the number who are dreading a tougher slog than last year.

more busy season: tax prep gets off to strong start  |  sample fee schedule for 1040s  |   tax filings down, but irs blames the calendar  |   survey results: busy season 2017 gets off to strong start   |   2017 fee survey: price for non-itemized 1040s advances 6% to $176   |   the annual tax meeting is dead. clients killed it.   |   reader sound-off: mandatory saturdays stir controversy    |   tax season opportunity kit free instant download   |   world envies low u.s. tax rates on luxury real estate transfers   |   the new small-business loophole you can drive a truck through

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

granted, that number isn’t as high as 2016’s, when 61% reported improvements over 2015, but 2015 was the infamous annus horribilis, the year of tax prep hell. it wasn’t hard to imagine the next year being better. so 2016 wasn’t so bad, making it surprising that so many see 2017 turning out even better. three upbeat respondents typify the three main causes of optimism.

read more →

survey results: busy season 2017 gets off to strong start

join the survey. get the results.

i.d. theft and security issues emerge as top concern.

how’s busy season so far?
join the survey and get the latest updates

by rick telberg
卡塔尔世界杯常规比赛时间

tax and accounting professionals are kicking off busy season 2017 with the highest confidence levels in years, but their optimism seems guarded and unsure, according to the latest results from the 卡塔尔世界杯常规比赛时间 busy season barometer.

see the charts below for additional detail. and stay tuned as the busy season unfolds. join the survey to get the latest updates.

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

so far, the survey shows that more than 58% of tax and accounting professionals expect a better season this year than in 2016, which, by comparison, was 61% cheerier than 2015.

read more →

2017 fee survey: price for non-itemized 1040s advances 6% to $176

national average fees for itemized form 1040 with schedule a and a state tax return. source: nsa

but some other prices are down.

next question: who’s succeeding with value pricing? 
join the survey; get the answer.

by 卡塔尔世界杯常规比赛时间

the average fee for a professional to prepare and submit a form 1040 and state return with no itemized deductions will be $176 this year, according to a biennial survey conducted by the national society of accountants. the figure represents a gain of about 16 percent since the last survey in 2015.

more on pricing, fees & billing rates:  why offering packages can catapult your revenue  |  new survey finds widespread rate hikes in tax & accounting firms  |  client retention drives today’s pricing strategies  |  chaos in tax & accounting pricing  | tax & accounting firms wrestle fewer price increases from clients

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

compared to two years ago, some prices rose and others dropped – a clear signal of volatility and pressure in the market. surveyed firms expected to increase their accounting service fees by an average of 6.1% in 2017, up from an actual increase of 5.3% in 2016.

read more →