tax season

accountants cautiously bullish on the economy

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the 卡塔尔世界杯常规比赛时间 busy season barometer. join the survey. get the results
the 卡塔尔世界杯常规比赛时间 busy season barometer. join the survey. get the results

“local optimism” a bit better than last year.

the 卡塔尔世界杯常规比赛时间 busy season barometer
new year, new strategies.
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by 卡塔尔世界杯常规比赛时间 research

when cpas talk about the economy, people listen. they listen because accountants have their finger on the pulse of the economy. they look at real numbers all day. they look at where the numbers are coming from and where they’re probably going. it’s what they do.

more: pros improving performance | can the irs enforce the tax code? | tax pros upbeat on cusp of busy season | irs undertakes overhaul
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for that reason, 卡塔尔世界杯常规比赛时间’ 2020 busy season barometer steps back from strictly tax issues to ask how things look economically. the answers are always interesting.

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the fight for new tax clients

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bar chart
by 卡塔尔世界杯常规比赛时间 research

and will refunds reverse their downward trend?

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new strategies?
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by beth bellor

the irs is about to roll out its first filing statistics of 2020, but before it does, let’s recap 2019.

more on tax season: pros improving performance | can the irs enforce the tax code? | tax pros upbeat on cusp of busy season | irs undertakes overhaul
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first, the market share: how many individual income tax returns were filed, and how many of those were touched by accountants?
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5 tax review keys

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thorough always beats sloppy.

by ed mendlowitz
tax season opportunity guide

don’t be sloppy instead of thorough.

all work has to be reviewed. and clients and others look at it.

more on tax season: 4 reasons to push ahead with tax question research | one can’t-skip touch for tax season | 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
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sloppy work is always evident and usually incomplete. thorough work is careful and usually complete.
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treat review procedures like quality control

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number 66 questions to ask yourself.

by ed mendlowitz
how to review tax returns: the field-tested update

the purpose of tax return reviews is to ensure the quality of the return.

more: use tax return prep for training and growth
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quality should be defined as an accurate product along with pertinent and applicable tax law benefits applied as well as planning opportunities identified so the client can maximize their financial wealth and security. the review should also uncover and eliminate red flags that might cause a notice or audit.
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can the irs enforce the tax code?

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more than token efforts are needed.

by 卡塔尔世界杯常规比赛时间 research

the internal revenue service has its work cut out for it this year. government outlays are expected to increase by a good $200 billion in 2020, and the deficit is expected to rise from $981 billion to just over a trillion dollars, provided revenues increase by a projected $188 billion. according to the congressional budget office, the tax reductions effected by the tax cuts and jobs act will increase the budget deficit by a net $1.891 trillion by 2027.

more: tax pros upbeat on cusp of busy season | irs undertakes overhaul
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so the irs needs every penny it can scrape up. but the scraping’s been hindered by agency budget cuts and consequent losses of personnel. just as the country needs more revenue than ever, its tax collector is struggling to enforce its tax code.
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[survey results] tax pro’s upbeat on cusp of busy season

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higher revenues and net profits. what’s not to like?

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new plans?
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by 卡塔尔世界杯常规比赛时间 research

it may be too soon to say for sure, but america’s tax pros think we might be coming up on a pretty good tax season – more clients, no big new tax rules, software up and running, staff up to speed on last year’s tax cuts and jobs act.

more: irs undertakes overhaul
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granted, this is a comparison with last year, an annus horribilis that will go down in annals of accountancy. remember? a major overhaul of tax rules. a shortage of new forms. software suddenly obsolete. clients confused. and the irs shuttered for a government shutdown.
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use tax return prep for training and growth

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man and two women talking in officeplus: 10 reasons to improve your review process.

the 卡塔尔世界杯常规比赛时间 busy season barometer: new year, new plans?
join the survey. get the plans.

by ed mendlowitz
how to review tax returns: the field-tested update

tax season is a microcosm of everything done in an accounting practice.

more mendlowitz: 4 reasons to push ahead with tax question research | one can’t-skip touch for tax season | 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
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one of the primary concerns of a business is having the proper processes and quality control procedures.

choosing how to properly use the reviewers’ time and interface them with the staff can contribute immensely to a smooth tax season.
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irs undertakes overhaul

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rettig

including a 6-point strategic plan.

by 卡塔尔世界杯常规比赛时间 research

chuck rettig has been commissioner of the internal revenue service for just over a year, but he has behind him 36 years of experience as a tax professional.

more: should the irs go down in history? | 5 easy ways that congress could fix tax collection | 4 ways to fix irs collections | 3 ways to improve irs levies | how the irs abuses ‘math errors’ | taxpayers deserve better receipts | troubles with irs private debt collection | what difference does one word make?
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that experience includes the experience of trying to get answers out of the irs, waiting on hold, struggling to make sense of tens of thousands of pages of tax rules and rulings, and dealing with mid-season pronouncements. he knows how it is.
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4 reasons to push ahead with tax question research

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businessman is dialing phone for advicewhen “quick and easy” isn’t.

by ed mendlowitz
tax season opportunity guide

i keep a few of the one-volume tax guides in my office so i could look up a quick answer when i need to. recently a golf buddy emailed me a question that i thought i could answer quickly. he wanted to know that if he was in the “zero” percent capital gains tax bracket, did that apply to an unlimited amount of capital gains? sounds like a simple question.

more: one can’t-skip touch for tax season | 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
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well i looked it up online and then in three one-volume tax guides. only one source had thorough coverage of the issue. i ended up spending an hour on this “simple” question including my emailed response. nothing is simple anymore. 
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one can’t-skip touch for tax season

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businessman talking on phone in the officeplus 4 more ideas.

by ed mendlowitz
tax season opportunity guide

occasionally accountants lose touch with their clients, especially during tax season. part of this is because of the crush of work, which is compressed into a pretty short period.

more: 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
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we sometimes lose sight that we are working on something the clients consider one of the most important things in their lives at that moment.
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