Accountants scramble as competition surges for bread-and-butter tax work.
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By Rick Telberg
CPA Trendlines
Pricing and fee pressures are surging as the hot-button issues this tax season, according to the CPA Trendlines Busy Season Barometer.
To be sure, late or unprepared clients remain the single biggest issue, with 48% of more than 500 practitioners surveyed in February citing it, followed by tardy 1099s and K1s at 35%. Those metrics are little changed from last February.
But this year, 31% of practitioners are complaining about pricing and fee pressures, which is triple the year-ago 10% figure.
RELATED RESEARCH
Is the Tax Prep Business Topping Out? The number of filings by tax professionals appears to have slowed or even reversed.
Tax Season Metrics Shift for the Better: Key indicators point to a better 2014 than 2013.
Practitioners Plot Fee-Pressure Countermeasures: Competitors vie for clients on price and promises.
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