leaders show strength in key tax season metrics
get the full report…
busy season management
tax prep clients: chain stores and web services #fail
tax filers who paid an accountant or cpa to prepare their returns register the highest satisfaction with their method of preparation.
some 75 percent state that they were “very satisfied” in working with the accountant or cpa, according to a new survey.
it’s time to celebrate “national accountants week”
there ought to be a law.
our all-time favorite idea for celebrating the end of busy season comes from ann m. menke, a cpa with offices in west point and keokuk, iowa.
her firm is celebrating “national accountants week.”
tax season 2011: it was a rough one
practitioners close the books on a tough tax season.
granted, it wasn’t as bad as the months and years immediately following the financial crash of 2007. but the reviews are mixed.
what was your season like?
join the survey. get the results
we’re still sifting through your comments to add it all up. but here are a few:
read more →
irs: e-filed returns tops 100 million
late surge over the weekend. the internal revenue service announced taxpayers set a record for e-filed tax returns, topping 100 million for the first time. by early monday morning, the irs had received nearly 101 million e-filed returns for the … continued
tax season 2011: irs stats thru april 8
irs reports tax receipts from professional practitioners run 7.2% ahead of year-ago…
why the widening gap among solo practitioners?
there’s a buzz this tax season about a deepening divide between high performing firms and the rest of the profession — interestingly: especially among soloists.
some solo practitioners are having a terrific season, others not. there’s no in-between. we’ve been wondering about the causes. and practitioners have been answering.
— rick telberg
tax season 2011 disappoints some
despite economic recovery, many firms seem unable to capitalize on new opportunities. click here to join the tax season 2011 survey; get the results.
tax accountants are finishing the 2011 busy season with stronger results than they expected, but – perhaps surprisingly — not as strong as last year, despite somewhat improved economic conditions.
卡塔尔世界杯常规比赛时间 research suggests that many accounting firms may have over-reacted to the 2007 market crash by cutting staff and billing rates, leaving them unprepared to capitalize on the opportunities of the 2011 recovery.
tax season 2011: latest filing stats
signs of the economic times: tax pro’s are running 4.8% ahead of last year’s marks, while do-it-yourself’ers are…
are refund anticipation loans dead?
“last nail in the coffin.”
the federal deposit insurance corporation has notified republic bank & trust of kentucky that the bank’s high cost refund anticipation loans are “unsafe and unsound,” effectively cutting off jackson hewitt and liberty tax, the second and third largest tax preparation chains in the country.
the fdic’s action follows a similar action by the office of comptroller of currency, which issued a regulatory directive on christmas eve against hsbc (h&r block’s ral partner bank) prohibiting that bank from making rals.
“this may be the last nail in the coffin for rals,” said adam rust, research director for community reinvestment association of north carolina. “if so, we will be glad to see the death of these high cost, high risk loans.”
practitioners report tax season price increases
as busy season gets off to slow start. by rick telberg with the irs playing catch-up and a client base still feeling the pressures of the great recession, tax practitioners in the latest 卡塔尔世界杯常规比赛时间 survey are reporting a marked … continued
new irs requirements could force big shake-out in tax prep industry
wall street: mom-and-pop tax shops in peril.
john hewitt, the founder of jackson hewitt and now ceo of liberty tax, expects a huge shakeout because of the new irs requirement for paid tax-return preparers to register with the government.
market share for the two largest tax chains, h&r block and jackson hewitt, has eroded by about 9% in the past four years as do-it-yourself online tax software gained ground. turbotax, for example, grew by about 121%. but the new irs ptin rules may slow the decline by forcing out mom-and-pop paid preparers, according to wall street analysts. read more →
tax season 2011: ready, set, go!
job 1: managing client expectations. by rick telberg accountants are bracing for delays and confusion caused by late-breaking tax rules and regs, not to mention the complications of a difficult and uncertain economy, when tax season 2011 starts with the … continued