refunds up, filings down at end of tax season 2017

irs filing season data for week ending april 21, 2017
irs filing season data for week ending april 21, 2017

 

pros keep the edge in e-filings and some people just won’t give up paper.

by beth bellor
卡塔尔世界杯常规比赛时间

a season of down notes for individual income tax returns ended the same way.

more tax season data: with 4 days left, tax stats were still down | refunds edge up as tax season winds down  | tax refunds catching up to last year | tax professionals accelerate filing pace as busy season heads for the home stretch | individual tax filings still lag behind 2016 | tax pros filing only 51% of e-returns | tax refunds up slightly | tax filings data looking less squirrely | tax return filings still lag, but pros hold 57% of market | tax filings down, but irs blames the calendar
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data for the week ending april 21, the week in which the filing deadline fell, was just released and it paints the same picture we’ve seen since january: overall returns and e-filings down, with refunds the only scant positives.
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with 4 days left, tax stats were still down

chart of irs filing data for week ending april 14, 2017
[click for larger image]

pros move ahead in e-filings.

by beth bellor
卡塔尔世界杯常规比赛时间

with only days left to go in the 2017 tax season, the internal revenue service still was seeing most statistics land below 2016 levels.

more tax season data: refunds edge up as tax season winds down  | tax refunds catching up to last year | tax professionals accelerate filing pace as busy season heads for the home stretch | individual tax filings still lag behind 2016 | tax pros filing only 51% of e-returns | tax refunds up slightly | tax filings data looking less squirrely | tax return filings still lag, but pros hold 57% of market | tax filings down, but irs blames the calendar
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

according to data from the week ending april 14, the latest available, the only figures on the positive side remained total refunds and average refund per taxpayer.
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taxpayers tell how they really feel

pie chart of when people plan to pay their taxes
^ when people plan to pay their taxes

they don’t like the irs, but they might get an irs tattoo to skip out on taxes.

by 卡塔尔世界杯常规比赛时间 research

let’s put the shoe on the other foot for a moment.

more on tax season: five-point action plan for turning tax scam threats into new opportunities | liberty tax earnings down 48% | h&r block lagging behind last year | tax pros filing only 51% of e-returns | tax refunds up slightly | tax filings data looking less squirrely | tax return filings still lag, but pros hold 57% of market | tax filings down, but irs blames the calendar
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

we know how accountants view tax season. but how about the average taxpayer?
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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.

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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

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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.

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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.

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immigrants: surging market for tax & accounting services

percentage of u.s. self-employed born abroad reaches 19.5 percent. source: us sba

newcomers drive the nation’s solopreneur sector.

by rick telberg
卡塔尔世界杯常规比赛时间

nothing says american like entrepreneurship. no nation offers such fertile soil for the seeds of business. and small businesses are the underlying energy of the american economy. fed by inspiration, elbow grease, and gumption, they account for a disproportionate amount of the nation’s jobs, mobility, and innovation. when small businesses thrive, everybody thrives.

three new reports on entrepreneurship from the u.s. small business administration offer insights that may be of interest to cpa practices. each report looks at one of three groups that are in the news every day: millennials, seniors, and immigrants.

it may surprise many that the educated, tech-savvy millennials are increasingly less likely to start their own businesses.

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survey: recruiting and retention are challenges

clock facestrue flex programs become more important.

by tamera loerzel
the rosenberg map survey

in 2015, firms continued to struggle with a shortage of people.

more from the survey: new leaders promoting positive changes | cybersecurity grows in importance | mergers spur growth | accounting profession demands swift change | don’t just win work, figure out why | talent wars, m&a frenzy continue | next-gen leaders getting restless | mergers keep racing forward  | do you have a firm or a co-op? | accountability, equity, compensation are concerns | map survey top 10 findings | cpa firm revenues rise a hefty 8%
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the challenge of firms to attract, retain and engage their top talent has been a top focus and will continue to be an area all firms need to address to remain competitive and achieve their growth and succession goals.
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the trump effect: accountants see better business conditions

changes to the affordable care act are envisioned.

picture2

by rick telberg
卡塔尔世界杯常规比赛时间 research

in the first days following donald trump’s presidential election victory, tax and accounting practitioners surveyed say the results have lifted their confidence in the business outlook.

curiously, accountants appear distinctly more confident in their own futures than in the nation’s outlook as a whole.

more post-election analysis:   why accountants voted the way they did

some 56 percent say they are “somewhat” or “much” more confident in the 18-month outlook for their own firms. even more, about 60 percent, say the election results could be good for their clients and customers. about 59 percent see brighter prospects for themselves and their own families. and 56 percent are feeling better about the nation’s economy as a whole.

to be sure, however, your outlook may depend on who you voted for. trump voters are decidedly more upbeat about the future than hillary clinton voters.

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cpa firm revenues rise a hefty 8%

annual growth: 2006 to 2015 (firms over $2 million)
annual growth rates for firms grossing over $2 million per year. source: rosenberg map survey via 卡塔尔世界杯常规比赛时间

partner incomes top $400,000 as firms make advances in efficiency and productivity.

by rick telberg
the rosenberg map survey

cpa firm revenues are surging more than 8 percent in the just-released 18th annual rosenberg map survey, the strongest expansion in almost a decade.

the advances are being fueled mostly by organic growth, by, with the merger frenzy showing no signs of slowing down, mergers account for about 28 percent of the new revenue, according to the report’s authors, the growth partnership, a st. louis-based practice management consultancy.

but the profession could be holding itself back, according to the authors, led by charles hylan of the growth partnership.

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