survey: accountants economic outlook brightens

table of 10 top challenges
source: aicpa

inflation no longer the top concern.

by 卡塔尔世界杯常规比赛时间 research

business leaders keep an eye on the economy the way farmers keep an eye on the weather. both are always watching, and they tend to see, and sense, more than others.

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and apparently those in business are sensing a shift in the economic winds, according to a survey just released by the american institute of cpas.
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with fresh funding, irs shows service improvements

man talking on phone and smiling

welcome to the 21st century.

by 卡塔尔世界杯常规比赛时间 research

it turns out that all it took was money. funded better, the irs performs better. it’s as simple as that.

more: research: accounting pros cautiously optimistic about generative ai | how auditors can beat ai | how tax practitioners became cybersecurity risks | why the u.s. must act now to protect our online privacy | top tax vendors caught red-handed selling private taxpayer data
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look at the accomplishments as of the end of the filing season:

  • three million more phone calls answered.
  • phone wait times cut from 28 minutes to just three.
  • 140,000 more taxpayers served in person.
  • 80 times more returns digitized than in 2022.
  • entire backlog of 2022 returns cleared without error.
  • new online filing and notification options offered.
  • tax preparers can file 1099s in bulk.
  • new direct deposit refund enabled for amended returns.
  • 35 taxpayer assistance centers opened or reopened.

the improvements are possible thanks to funding provided under the inflation reduction act, and the irs deserves credit for accomplishing so much in so little time. the ira was passed on august 16, 2022.

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why students opt for accounting (or don’t)

bar charts

they share their ideas for changes.

by 卡塔尔世界杯常规比赛时间 research

are accountants a threatened species?

more in staffing & recruiting: tax and accounting pay advancing at 5.9% pacewhich is better: a year of education or a year of experience?44 critical criteria for accounting staff performance evaluationsfour ways to propel new cpas into growing your firmmike whitmire: re-think your hiring and training practiceswhat new leaders want in ownership |

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extinction’s still a ways off, but the numbers of cpas are in serious decline. between 2010 and 2021, the number of people taking and passing the cpa licensing exam fell 36 percent, from more than 50,000 to about 32,000.
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