surveys & research

pros filing more returns than diyers

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chart of irs tax return data for the week ending june 5, 2020… in the tax season that never ends.

by beth bellor

bleak but slightly less so.

more: tax pro e-filings down 20 percent | irs web traffic doubles over year-ago | covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns
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that’s probably the best way to categorize the trends in the most recent data from the internal revenue service.

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covid crushes cpa business outlook

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top three takeaways: hiring outlook for next 12 months is bleak. 92 percent of businesses report being negatively impacted by pandemic. liquidity emerges as a top concern.

the cpa outlook index falls 50 percent since last quarter and now stands at 38, its lowest level since early 2009. (aicpa)

via aicpa

battered by repercussions from the covid-19 pandemic, business executives hold the most pessimistic view of the u.s. economy since the end of 2011, when the nation was still emerging from the lingering impact of the great recession, according to the second-quarter aicpa economic outlook survey.

the cpa outlook index—a comprehensive gauge of executive sentiment within the aicpa survey— fell 50 percent since last quarter and now stands at 38, its lowest level since early 2009.

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