trend watch: firms are preparing properly for the discontinuance of windows 7, however, some firms do not understand the risk of staying on older technology.
the funding of the government would fall to a fraction of what is needed to sustain the nation. tax preparers are an essential link between the government and those who fund it. read more →
the irs had received 92.9 million individual income tax returns as of the week ending march 29, the last data available, down 1.4 percent from the same period last year. it had processed 90.3 million returns, down 2 percent. read more →
it’s been a major eye-opener for firms. reality is hitting home about the true implications of technology advances, global standards, tax reform, and talent transition.
overall, i’m impressed by the grace our profession’s leaders (across the top 200) are showing as they embrace these huge changes as opportunities vs. threats. read more →
“all it takes is money.” sounds easy? except for the politics.
by 卡塔尔世界杯常规比赛时间
wow! we asked for it, and we got it: an avalanche of advice on how to fix the irs.
卡塔尔世界杯常规比赛时间 has always received smart, candid, and often outspoken responses to our busy season survey— thousands of tax preparers from sea to shining sea telling us what’s happening in their offices.
but this year, halfway through the season, we asked a loaded question: how would you fix the irs? the professionals in the trenches of tax prep know what the problems are and what to do about them. they also seemed a bit miffed (to put it mildly) that the solutions seem so obvious, yet the problems keep compounding. read more →
national taxpayer advocate nina e. olson has slammed congress hard in the taxpayer advocate service annual report 2017. after a series of irs budget cuts over the last several years, olson says she sees the daily consequences of reduced funding and the choices made by the agency in the face of funding constraints.
“funding cuts have rendered the irs unable to provide acceptable levels of taxpayer service, unable to upgrade its technology…and unable to maintain compliance programs that both promote and protect taxpayer rights,” olson said in her preface to the annual report. “‘shortcuts’ have become the norm, and ‘shortcuts’ are incompatible with high-quality tax administration.”
cpa firms are experiencing a squeeze in profitability. revenues are rising but at an organic growth rate that is not close to where most firms were pre-recession.
america’s tax practitioners are in a swirl of fear, hope, and frustration as they recover from the irs shutdown, present their clients with the realities of the tax cut and jobs act, and scramble to deal with new regulations, unobtainable irs forms, obsolete software, and inevitable filing extensions.