surveys & research

irs tops list of busy season problems

by

forget covid. the underfunded, understaffed, underequipped, underappreciated, misunderstood irs is the top problem.

by 卡塔尔世界杯常规比赛时间

it probably won’t surprise you that the 卡塔尔世界杯常规比赛时间 busy season barometer identifies irs operations as the biggest problem tax practitioners face today. in fact, we’ve never seen such widespread agreement among respondents—an astonishing 80 percent of them.

more in tax: shut down the tax charlatans | tax pros preparing 46 percent of e-filings | eight quick, easy ways to fix irs filing | for a few: why busy season 2022 beats 2021 | a tax season worse than 2021? | 16 traits of the best tax clients | six fixable problems at the irs | irs under covid: heroes or goats? | irs launches 2022 season with “strong start” | two big (and obvious) ways irs could work with practitioners | imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

that consensus indicates that there really is a problem at the irs. it’s underfunded, understaffed, underequipped, and, at this point, underappreciated and misunderstood.

the real problem is that the problem is creating problems. irs staff can’t keep up with correspondence, yet the computers, even though working off an operating system that dates back to the kennedy administration, keep churning out moot notices and undeserved penalties.

read more →

the nine-point plan for handling §179d

by

portraits of karen koch and imran syed
koch and syed

it takes a team.

by karen j. koch and imran syed
source advisors

karen j. koch, cpa, mt, is a senior director in the louisville, ky., office of source advisors. imran syed, p.e., leed ap, cem, hers rater, is a senior director, energy services in the fort worth, texas, office.

section §179d can help your commercial real estate clients reduce taxable income and increase cash flow significantly. just make sure you know the current rules, rates, regs, and the reach of this provision.

whether you have a large roster of commercial real estate clients or are just dipping your toes in the water, it’s easy to get overwhelmed by all the existing and potential changes to energy incentives. that’s why it’s so important for the energy design needed to qualify for tax incentives to be correct in the original design. the design for claiming lucrative tax incentives is as critical as building the financial stack.

map out a list of points to discuss with your commercial real estate clients.
read more →

shut down the tax charlatans

by

why shouldn’t tax practitioners be regulated? ask congress.

by 卡塔尔世界杯常规比赛时间

what do lawyers, cpas, truck drivers, and beauticians have that many tax preparers don’t?

certification.

more in tax: imagine a fully online irs | the real cost of interstate sales tax | irs at death’s door? | beyond tax prep: the big cha-ching! | crisis at the irs | the irs’s 10 biggest problems | fear and loathing for tax season ’22 |  padar joins vc-backed tax fintech for banks |  covid chokes an already crippled irs | tax regs for the metaverse | 10 steps to a superior tax department | accountants critical of competitor price-cutting |  automate busy season with apps you already use | sales & use tax costs are higher than anyone thought | survey: nobody loves the wayfair decision | busy season forecast: more chaos  | a woman named wanda leaves an ira nightmare  | are you under-pricing your client accounting services?  | your best advice: get smart, get tech, get moving | worries for small business clients |

goprocpa.compro members: log in here or 2022世界杯足球排名 today.

or, to use other words, proven competence. the tax preparation industry is a mixed bag of highly skilled and credentialed professionals, less skilled newbies trying to learn the trade on the job, and charlatans skilled in not much more than ripping off the unsuspecting or, at best, doing a slapdash job. read more →

the growing pains of a small firm

by

the lessons every firm needs to learn.

by ed mendlowitz
call me before you do anything: the art of accounting

“cpa firm grows prosperous by heeding its own advice.” the wall street journal published an article with that title in their may 18, 1981 issue about my firm, and this column describes some of what we did.

more: giving clients the best you’ve got | why map programs are essential | making sure the son got proper credit | family trees of clients | why accountants quit | when siblings battle over the family business | how bickering can ruin a family business
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the article began by stating there were about 28,000 cpa firms in the u.s., with about 19,000 being sole practitioners and many others with just two or three cpas. these numbers are lower than now, so the profession and small firms have grown significantly in the last 40-plus years.
read more →