tax pro e-filings down 20 percent
irs.gov visits top 1 billion.
by beth bellor
tax
covid crushes rosey forecasts
survey shows hopes for a smooth and profitable 2020 are destroyed by a floundering economy.
卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.
by 卡塔尔世界杯常规比赛时间 research
the resilience of the coronavirus and the continued spread of covid-19 has accountants shifting the focus of their concerns.
more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] | feeling the pain? the biggest job losses by client sector | tax season pivots to covid rescue season | how accountants are coping with covid-19 | survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]
卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.
exclusively for pro members. log in here or 2022世界杯足球排名 today.
ages ago—back in february, b.c. (before covid)—the 卡塔尔世界杯常规比赛时间 2020 busy season barometer survey found that out of 14 common concerns, economic conditions were of the least concern, the bottom of the list, worrying just eight percent of respondents.
covid changes everything.
the seven factors keeping accounting firms afloat amid covid-19
and the top five survival strategies, according to 卡塔尔世界杯常规比赛时间 research.
卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.
by 卡塔尔世界杯常规比赛时间 research
under the historically unprecedented pressures of the covid-19 pandemic, u.s. accounting firms large and small are adapting as fast as they can—or rather, as fast as they must.
more: feeling the pain? the biggest job losses by client sector | tax season pivots to covid rescue season | how accountants are coping with covid-19 | survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]
卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.
practitioners are striving, struggling, scrambling to do what they have always done, and on top of that, to learn what they never knew in order to serve clients as in ways they needed to before.
less than three months from when the first cases were reported, the pandemic has taken the lives of over 70,000 americans and is approaching 3,000 deaths a day. while the pandemic has been a shock to the economy, tax and accounting practices appear to be maneuvering through it better than many other businesses.
checklists for tax resolution sales
includes consultation questions.
by jassen bowman
tax resolution systems
after marketing, your next most important job is sales. sales and marketing are intimately connected, because the leads you generate and nurture through marketing become the prospects you sell to in the sales process.
more on tax resolution: quoting tax resolution fees | basics of tax season work flow | when to follow up on prospects | checklists for new lead generation |client management checklists for tax resolution | how to handle client complaints | case study: building a tax resolution business | marketing requires ruthless accountability
exclusively for pro members. log in here or 2022世界杯足球排名 today.
most tax professionals dislike the idea of seeing themselves as salespeople. however, you need to accept the fact that if you can’t close a sale, you’re going to be broke, no regardless of your statewide high score on the cpa exam, regardless of the prestigious law school you went to, regardless of any other certifications you’ve earned. if you don’t sell, you don’t eat.
read more →
tax season pivots to covid rescue season
it ain’t pretty: 62% of accountants switch outlook from “better” to “worse.”
busy season barometer
how’s covid-19 impacting accounting firms?
join the survey. get the answers.
by 卡塔尔世界杯常规比赛时间 research
the sentiments of accountants this busy season have been as up and down as the dow jones.
more on tax season: how accountants are coping with covid-19 | survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]
the year started off on an optimistic note. but by the time the coronavirus got real, all hope had been abandoned.
irs web traffic doubles over year-ago
as filers seek stimulus checks.
busy season barometer
how’s covid-19 impacting your firm?
join the survey. sound off. get answers.
by beth bellor
want a bright spot in the irs’ weekly updates on tax filings? it’s website traffic, more than double what it was a year ago.
more: covid drowns irs in new filings | 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear
everything else? a sea of red.
read more →
‘singing cpa’ gets down with the ppp
remember: ‘wash your hands.’
steven b. zelin – the singing cpa – is rapping out the praises of the paycheck protection program in his new youtube video aimed at drumming up some new business.
it’s a “fun explanation of the payroll protection program, loans from the small business administration to support small businesses with the economic slowdown from the coronavirus,” says zelin, cpa, and managing member of zelin & associates cpas in new york city.
how accountants are coping with covid-19
new methods, new mindsets.
the busy season barometer
coronavirus crisis management strategies:
join the survey. get the answers.
by 卡塔尔世界杯常规比赛时间 research
the coronavirus sure did hit quick. it seems like it’s been here since forever, but it didn’t really strike until halfway through the busy season. there were ominous clouds on the horizon in january, but early respondents to the 2020 卡塔尔世界杯常规比赛时间 busy season barometer were generally expressing optimism.
more on tax season: survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]
then things went downhill fast. but despite the pressures of the tax season, cpas have been equally fast at adjusting to the new world. they really had little choice. they could innovate. they could close up shop. or they could get really, really sick.
innovation seems to be the most popular choice. read more →
what cannabis clients should look for in an accountant
beware of pricing by phone.
by 卡塔尔世界杯常规比赛时间 research
cannabizcpa.pro
the production and distribution of cannabis is the newest and most variegated industry in america. some would even say it’s one of the toughest industries in america in which to do business.
more on cannabiz: suchoff takes cannabis accounting passion national | why are ceos so confused? | kareyna miller mines michigan cannabis niche | cannabis: thc vs. cbd critical differences | new to cannabis? maybe a joint venture is the answer | cannabiz meets intellectual property protection | green bits: helping cannabis retailers stay compliant | silver leaf cbc: an erp platform for cannabis companies | cohnreznick goes national on cannabis
it’s illegal everywhere yet legal in some places, but not legal the same way in all places. the federal government considers it a schedule 1 narcotic right up there with heroin and lsd, yet the internal revenue service is perfectly willing to collect taxes on companies that handle the product.
read more →
ask this before clients do
plus some suggested answers.
by ed mendlowitz
tax season opportunity guide
here are two questions to ask yourself:
- why should clients use you?
- why should staff want to work for you?
more: 41 items to check on business tax returns | 9 overlooked tax season resources | what’s not to like about tax season? | can your reviewers answer these 10 questions?
you should be clear on the responses to the above two questions. if you can’t clearly articulate the reasons clients should use you and why staff would want to work for you, then why should they?
read more →
covid drowns irs in new filings
* total includes returns filed to obtain economic impact payments by those who would not usually file income tax returns.
why not? submissions are way down.
busy season barometer
how’s covid-19 impacting your firm?
join the survey. sound off. get answers.
by beth bellor
coronavirus hit irs data in a couple of ways this week.
people who don’t ordinarily file income tax returns, but did so to obtain economic impact payments, boosted filings higher than they might have been for the week ending april 17, the latest data. in addition, visits to irs.gov shot up 77 percent over 2019 – the get my payment link surely was part of that picture.
more: 2020 tax season comes to a screeching halt | the tax season 2020 dumpster fire | tax pros fall behind 6.2% in returns filed | tax pros trail by 908,000 returns | tax pro irs filings lag by 532,000 | tax pro e-filings lag by 512,000 returns | tax pros kick into high gear | slow start for tax pro e-filing | data points down as tax season opens | the fight for new tax clients
the internal revenue service reported receiving 116 million individual income tax returns, down 15.5 percent. it had processed 106.6 million returns, up 18.5 percent.
read more →
quoting tax resolution fees
5 scenarios with fee quotation breakdowns.
by jassen bowman
tax resolution systems
one of the most common questions i get from practitioners adding tax resolution services to their service offerings has to do with fees. many practitioners see the benefit of offering flat-fee service options, while others choose to stick with their existing hourly fee model.
more on tax resolution: basics of tax season work flow | overcome objections in 7 steps | how to reactivate lost clients | don’t ignore your existing leads | some office nuts and bolts | the importance of goals and affirmations | market to your ideal clients
these are some example of how i quote fees when running a high-volume tax resolution practice. these scenarios do not represent any one particular client i’ve had. rather, they each represent dozens of similar situations i’ve worked on. these scenarios are the norm if you’re focusing on 941 representation. for completeness, i’ve also added a 1040 scenario as an example.
read more →
tax season funnies: the poetic versions
plus a vision of hell.as collected by robert e. mckenzie
the only effective way to eliminate tax loopholes is to eliminate politicians.
more: tax season funnies: a rabbi’s advice | the next political party symbol | gabriel and saint peter confer | a tax lawyer at the pearly gates | gargoyles in the irs? | the ‘service’ in irs
“we have from time to time complained about the complexity of our revenue laws and the almost impossible challenge they present to taxpayers or their representatives … our complaints have obviously fallen upon deaf ears.” – arnold raum (former senior u.s. tax court judge)