Tax Pros Gain Slight Ground in E-Filings

The IRS remains in beast mode with its processing rate.

Chart of IRS filing statistics for the week ending Feb. 9, 2018
^ IRS filing statistics for the week ending Feb. 9, 2018

By Beth Bellor

Two weeks into the filing season, tax professionals have picked up a few percentage points over self-preparers.

MORE ON TAX SEASON: Tax Pros Turning in Only 39% of E-Filings | Beware the EZ Way Out  | IRS #FAILs at Online Services Spell Problems for Professionals | Can the IRS Improve Its Phone Service? | When Clients Face ‘Unreal’ IRS Audits | IRS Warns about Private Debt Collectors for Tax Season 2018 | Underfunded IRS Swamped with Problems
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Comparison to 2017 remains a challenge because this year's Jan. 29 season opener lops a full six days off the same reporting periods.

The IRS had received 30.9 million individual income tax returns as of Feb. 9, down 3.8 percent from the same period last year, when there had been six more filing days. It has processed 30 million returns this year, down 4.5 percent.

The IRS has processed 97.2 percent of returns received in 2018. READ MORE →

Tax Pros Turning in Only 39% of E-Filings

You know the flip side ... self-preparers are creeping toward the two-thirds mark.

By Beth Bellor

Tax season is upon us and the filings are pouring in, according to CPA Trendlines research.

MORE ON TAXES: Can the IRS Improve Its Phone Service? | When Clients Face ‘Unreal’ IRS Audits | IRS Warns about Private Debt Collectors for Tax Season 2018 | Underfunded IRS Swamped with Problems

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An initial glance at statistics for the week ending Feb. 2 shows data points down considerably from the same week in 2017, occasionally by double digits.

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PRO MEMBER EXCLUSIVE: All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season

BONUS: Our statistical snapshot lays it out in red and green.

By Beth Bellor

As 2018 opens, the rate of new hiring appears to be stalling, with the rate of tax prep hiring dropping like a stone on the even of new busy season.

MORE ON JOBS: Hiring and Pay Trends in Tax & Accounting | The Myth of the Staff Shortage | What’s the Profession Going To Do with 79,000 New Accounting Graduates?
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And according to the latest data from CPA Trendlines Research, women still face rising numbers everywhere they look.

Profession job statistics as of January 2018

In this report, CPA Trendlines analyzes:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the profession,
  • Average hourly earnings for each segment,
  • Average hours worked per week by segment, and
  • Trends regarding women in the accounting workforce.

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PRO MEMBER EXCLUSIVE: Hiring and Pay Trends in Tax & Accounting

CPA Trendlines finds the industry adding 12,200 new full-time permanent jobs from a year ago, hitting the 8th new consecutive monthly high.

By Beth Bellor

Another 12,200 FTEs in the accounting profession? Numbers edging up over most of the board? Thanks for the holiday present!

MORE ON JOBS: The Myth of the Staff Shortage | What’s the Profession Going To Do with 79,000 New Accounting Graduates? | Accounting Profession Shows Steady Growth | Tax & Accounting Salaries Increase 2.8% | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms | How to Set Your Firm Apart to Recruits
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CPA Trendlines finds the industry's total full-time workforce is expanding at an annualized 1.2% rate as wages advance 3.4%. But there are some notable exceptions.

In this report, CPA Trendlines analyzes:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the profession,
  • Average hourly earnings for each segment,
  • Average hours worked per week by segment, and
  • Trends regarding women in the accounting workforce.

READ MORE →

Tax & Accounting Wages Up 4%

And, hours worked? Down all over.

By Beth Bellor

The accounting profession continues to make year-over-year gains, according to new CPA Trendlines research. Hourly earnings are growing more than 4 percent, and the number employed is up in all segments – except tax prep, which is down 8.9 percent... for now.

MORE ON JOBS: The Myth of the Staff Shortage | What’s the Profession Going To Do with 79,000 New Accounting Graduates? | Accounting Profession Shows Steady Growth | Tax & Accounting Salaries Increase 2.8% | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms | How to Set Your Firm Apart to Recruits
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the profession
  • Average hourly earnings for key segments
  • Average hours worked per week
  • Trends regarding women in the accounting workforce

READ MORE →

Accounting Profession Shows Steady Growth

BONUS: Our statistical snapshot.

By Beth Bellor

Hiring in the accounting profession no longer racks up double-digit increases, but there's growth in more areas than not.

MORE ON JOBS:

True Diversity: The Next Frontier for the Accounting Industry | Wages Up, Headcounts Down at Tax & Accounting Firms | Accounting Employment Creeps Back Up | Tax & Accounting Industry Shows Signs of Slowdown | CPA Firms Post 5% Growth Rate

GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

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Wages Up, Headcounts Down at Tax & Accounting Firms

Are these the signs of a business model makeover?

By Beth Bellor

The tax and accounting industry is marking its 15th consecutive month of jobs growth, led by CPA firms and payroll services, according to the new CPA Trendlines Research study on jobs trends. The new analysis shows wage increases coming even as the pace of hiring is weakening and hours worked hits a four-year low.

MORE ON JOBS: Tax & Accounting Salaries Increase 2.8% | Accounting Profession Growing, But Slowly | Accounting Employment Creeps Back Up | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars | Global Talent Wars Hit Home for Local Firms | Tax & Accounting Industry Shows Signs of Slowdown
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

In this report, CPA Trendlines highlights:

  • Current hiring trends in each of the bookkeeping, payroll, tax and CPA segments of the industry.
  • Average hourly wages for key segments
  • Typical hours worked per week
  • Trends concerning women in the accounting workforce

READ MORE →