SURVEY: New Tax Law Roils Busy Season

Q: How’s busy season so far?

How some savvy CPAs turn confusion into new billings.

By Rick Telberg
CPA Trendlines Research

The so-called Tax Cut and Jobs Act won’t officially take effect until next year, but professionals are already reporting that it’s causing problems and depressing their forecasts for this year’s busy season results.

MORE ON TAX SEASON: Tax Pros Keep Edge in E-Filings | Half of E-Filings Go Through Tax Pros | David Bergstein on Tax Season | Tax Accountants Fill the Breach of a Failing IRS | New Tax Law Roils Busy Season 2018 | Beware the EZ Way Out | When Clients Face ‘Unreal’ IRS Audits | Underfunded IRS Swamped with Problems

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Early soundings from the annual CPA Trendlines Busy Season Barometer show that 30% of practitioners are finding more trouble this year than last year – and they blame it on the new tax law.

To be sure, many others are finding new opportunities instead, and each firm, practice, and book of business is being affected differently.

Posted on March 25, 2018

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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