BUSY SEASON: Accountants Worry for U.S. Economy

CPA Trendlines Busy Season Barometer: The Business & Economic Outlook

But upbeat on their clients’, their firm’s, and their families’ outlook.

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By Rick Telberg
CPA Trendlines Research

Tax and accounting professionals are headed into the jaws of Busy Season 2019 fairly confident in the business and economic outlook for their clients, their firms and themselves – except they are distinctly negative on the direction of the nation’s economy as a whole, according to the latest readings from the annual CPA Trendlines Busy Season Barometer.

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With more than 475 practitioners reporting, 52 percent expect better times ahead for their firms, 37 percent see no change, and only 10% are bracing for declines, yielding a weighted average of about 2.4 on a five-point scale.