tax season 2023 has been consistent. refunds are down, and so are self-prepared filings and irs.gov visits. by every other marker, though, business is as usual or better.
as of feb. 24, the latest data available, the irs had received 46 million individual income tax returns, up 1.3 percent from the same period in 2022. it had processed 45.7 million returns, up 4.3 percent.
we always like to see processing go quickly, and the agency is speeding through returns right now at a clip of 99.4 percent.
ideally, taxpayers should be able to show up at a tac with their papers and count on good advice and assistance. they should even be able to have their paper returns scanned and filed electronically.
but no. inevitably, this, too, got screwed up. read more →
accountants forecast a dreary, difficult 12-18 months ahead. with the exception of the promise held in leveling up tech stacks and seizing on automation.
your best advice for small businesses? taylor: “understand your financials, know your kpis, and you’ll inevitably thrive in any recession. do not hire employees unless you have a clear plan for how hiring will benefit you.” stocker:“monitor results. hang in there! this too shall pass.”
by 卡塔尔世界杯常规比赛时间 research
cpas and tax practitioners tend to know what’s happening in business. more than any other professionals, they have their fingers on the pulse of companies large and small. they understand numbers, they listen to their clients and they have the wherewithal to see where micro- and macroeconomies are headed.
when the 20223 cpatrendlines busy season barometer survey asks cpas and tax practitioners about the business and economic outlook from their view in the trenches of american business, the responses show a curious contradiction.
generally speaking, the earliest respondents are confident at the micro level – their own firms and families – but less so for their clients. they are notably concerned about the macro level – the national economy and the outlook for small businesses in general.
it probably won’t surprise the average tax practitioner to learn that in the american customer satisfaction index of federal agencies, the internal revenue service ranks dead last.