tax season ’22: working harder for every dollar
we may be miserable but the money is rolling in.
by 卡塔尔世界杯常规比赛时间 research
how does your tax practice measure up?
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surveys & research
crafting the perfect proposal
six keys to turning prospects into clients.
by martin bissett
passport to partnership
staffing crisis: 40% are looking for new jobs
money isn’t the biggest draw.
by 卡塔尔世界杯常规比赛时间
america’s workers are on the move. maybe it’s post- (let’s hope) pandemic restlessness. maybe it’s the closing of companies and the loss of jobs. maybe it’s the windows of opportunity that opened during remote work.
more: the fintech flood: accounting will never be the same | cpa roi doa: why the next-gen accountant won’t be a cpa | matt wilkinson: think small to think big | how to communicate your value | payroll services rocket with u.s. economy | internal communication can’t be overlooked | top issues: talent, time, and transformation | the disruptors: re-inventing accounting with tyler anderson |
more in recruiting & talent management
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whatever it is, an astonishing 40 percent of workers say they are likely to consider a new job opportunity in 2022, according to the 2022 salary guide issued by the adecco group.
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individual tax refunds up 13%
pros handle less than half of e-filings.
by 卡塔尔世界杯常规比赛时间
six weeks into tax season, 63.5 million individual income tax returns had been filed, down 3.9 percent from the same period in 2021 – the week ending march 11, the latest data available from the internal revenue service. of those returns, 62 million had been processed, up 5.9 percent, pegging the current processing rate at a respectable 97.6 percent.
more: tax pros preparing 46 percent of e-filings | irs launches 2022 season with “strong start”
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a tax season that began and ends one month earlier than the previous year makes comparisons difficult, with true perspective likely not possible until late may.
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private equity vs. the cpa firm partnership
david bergstein sees radical changes in the accounting business with the infusion of external investments.
with steven sacks
watch the video or listen to the podcast.
irs tops list of busy season problems
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
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
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.
the nine-point plan for handling §179d
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.
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shut down the tax charlatans
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 |
- more in tax season here | more in research & surveys here | more in the 卡塔尔世界杯常规比赛时间 shop here
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
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
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 →
nine biz-dev metrics for making partner
the nine business development metrics you should be measuring.
by martin bissett
passport to partnership
five reasons the top 100 loves cas
client accounting services surpasses attest as the hottest menu item.
by hitendra patil
client accounting services: the definitive success guide
cas is the new no. 1. for the first time ever, top 100 firms see client accounting services as the no. 1 growth driver
“niche services fueled growth for the 2022 top 100 firms, with client accounting services/business process outsourcing the most commonly reported area of expansion over the last year for the 83 responding t100 firms,” according to accounting today in releasing the much-followed list of the nation’s top-grossing tax and accounting firms.
“cas/bpo shot up nine percentage points to attain the no. 1 position for the first time ever, with 84% of the t100 experiencing increased demand, continuing its rapid upward trend in reported growth over the last few years,” says accounting today.
why and how has cas become the #1 growth driver for the top firms in the country? let’s take a closer look.
tax pros preparing 46 percent of e-filings
the crunch hasn’t hit irs.gov yet.
by 卡塔尔世界杯常规比赛时间
the fintech flood: accounting will never be the same
venture capital and private equity are pouring billions into financial technology start-ups. and this business will never be the same.
watch the video or listen to the podcast: follow 卡塔尔世界杯常规比赛时间 podcasts on apple podcasts , or grab the rss feed here.
with rick telberg
for 卡塔尔世界杯常规比赛时间
a tsunami of venture capital and private equity is flooding into new tech startups, enough to swamp the entire tax, accounting, bookkeeping, and payroll sector, according to a new study by 卡塔尔世界杯常规比赛时间.
more: how private equity changes everything | the fintech flood: accounting will never be the same | the disruptors: re-inventing accounting with tyler anderson | the disruptors: how to scale with new padgett coo amanda aguillard | eat that frog: asking for a prospect meeting | growing revenue through client service | lease accounting is about to get very real | google ads for new tax season clients | exclusive: eisner ceo charly weinstein explains the private equity deal | flash briefing: a “call to arms” after private equity deal | four ways to beat the staffing shortage, with pasha malik
here, 卡塔尔世界杯常规比赛时间 founder, publisher, and editor rick telberg delivers the keynote at the new york finance & accounting show, explaining what it means for the future of the profession, including: