busy season forecast: more chaos

busy season barometer: 53% report a “worse” year, compared with 31% reporting “better.”

ironically, the chaos translates into expanded business.

by 卡塔尔世界杯常规比赛时间 research

it was a pretty bad busy season for most of the nation’s tax preparers. covid-19 was on the wane, but congress was on the job, jiggering tax rules even as the season was underway.

and, now, with the prospects of a federal government shutdown and a multi-trillion-dollar spending bill, 2022 is shaping up to be deja vu all over again.

more in surveys & research: pop quiz: can you find $330,000 for your clients? | automation without accountants | survey: your favorite desktop pc | remote work is here to stay | cpa firms reject staff vaccine mandates | salt: the small business disaster waiting to happen |

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to be sure, a good number of accountants are assuaged by more clients and more revenue. but the 卡塔尔世界杯常规比赛时间 business barometer finds preparers experiencing a long, tough slog.

on the frontlines (from left): hochberger, wright, speed, frazier, widmann.

in all, 53 percent say they had a busy season somewhat worse (27 percent) or much worse (26 percent) than last year.

for some, it seems like a good time to call it quits. “thank you for all the love and support,” says one firm’s auto-responder to incoming emails.

“as some of you may know, this past few tax seasons have been nothing short of chaotic, to say the least,” the three-office, north carolina tax shop tells callers. “but i have enjoyed being able to assist each and every one of my clients.”

read more →

accountants to small biz: ‘be nimble, be quick, be careful’

accountants in 卡塔尔世界杯常规比赛时间 / avalara study say small business faces massive, rapid changes.

the most important and extensive impact: “keeping up with changes in online technology, noted by 52% of accountants. another 35% say online tech will be moderately important. only 12% say it will be of little or no impact.(source: 卡塔尔世界杯常规比赛时间 / avalara business confidence study)

by 卡塔尔世界杯常规比赛时间 research

when the 2021 卡塔尔世界杯常规比赛时间 business barometer asked for advice for small businesses in the brave, new post-covid-19 world, no one said, “don’t worry, be happy, sit back and relax.”

more: covid relief measures swamp tax pros | pop quiz: can you find $330,000 for your clients?automation without accountantssurvey: your favorite desktop pc | remote work is here to stay

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rather, they advise flexibility, adaptability, and care with cash management. accountants in the study sponsored by avalara are offering plenty of plain-spoken advice, and they’re not mincing words. read more →

pop quiz: can you find $330,000 for your clients?

but hurry, time is running out.

by bradley burnett, jd llm

the employee retention credit could be worth more than $330,000 to a small-business client.

but our polling shows that 75 percent of tax and accounting professionals have filed no (that’s zero) forms to claim the credit for clients. and now it’s ending early, due to a congressional compromise on the big infrastructure bill.

https://www.research.net/r/erc0802
launch the pop-quiz survey here

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automation without accountants

top use case: 43% of accountants use automation to import hours into payroll.

more than half the work world is embracing automation. why not accountants?

why accountants won’t automate:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

for all the talk of automation among tax and accounting practitioners, they are still falling behind, even as other professions race ahead.

more in tech: microsoft puts the full windows experience in the cloud | survey: how old is your desktop pc? | microsoft acquires cybersecurity firm riskiq | survey: your favorite desktop pc | global fintech funding gains momentum | salt: the small business disaster waiting to happen

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more than half the work world is embracing automation.

among accountants: it’s less than half, according to a broad new study.
read more →

remote work is here to stay

pie chart
the next normal arrives: fully 81% of accounting firms see an increase in remote work even as they re-open their offices. (convergence consulting)

as accounting firms re-open, they’re competing for talent on work-from-home plans and reaping windfalls with smaller offices.

by 卡塔尔世界杯常规比赛时间

no doubt about it, a capacity to work remotely has saved the tax and accounting business.

the question now is: what will tomorrow’s tax and accounting offices look like, post-pandemic?

more:  learning how to hire amid covid | survey: cpa firms reject staff vaccine mandates   |  covid-19 changed what we watch and how  |  why remote workers need retreats   | steven braunstein: new covid strategies for staff recruiting and retention   |  josh fisher: battling for staffers  |  “the new normal” will never be normal again   |  how and when to leverage ziprecruiter, indeed, and social media  |  how covid rewrites the rules for recruiting  |  staffing shortage? look at your business model

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in fact, the increase in remote work is likely to continue and expand in the future. read more →