IRS E-Filing Stats Approaching 2017 Levels

Chart of IRS filing data for the week ended Feb. 23, 2018Tax pros continue to increase their share of the market.

By Beth Bellor
CPA Trendlines

Taxpayers are keeping the IRS hopping.

MORE ON TAX SEASON:  Tax Accountants Fill the Breach of a Failing IRS | Artificial Intelligence Gets a Boost with Tax Reforms | New Tax Law Roils Busy Season 2018 | Beware the EZ Way Out  | IRS #FAILs at Online Services Spell Problems for Professionals
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Even with six fewer days so far, the number of individual income tax returns filed in 2018 had nearly met 2017 levels by the end of week 4.
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Tax Pros Keep Gaining in 2018

Chart of IRS filing data for the week ending Feb. 16, 2018Direct deposit ticks up, IRS processing dips.

By Beth Bellor
CPA Trendlines

Three weeks into the filing season, tax professionals are starting to carve out a larger share of electronic filings.

MORE ON TAX SEASON:  New Tax Law Roils Busy Season 2018 | Tax Pros Gain Slight Ground in E-Filings | IRS #FAILs at Online Services Spell Problems for Professionals | IRS Warns about Private Debt Collectors for Tax Season 2018
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The IRS had received 41.7 million individual income tax returns as of Feb. 16, the end of the third week of filing. That was down 1.8 percent from Feb. 17, 2017, but there have been six fewer filing days this year so we’re holding up apples to pencil sharpeners in comparison.
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Tax Prep Services Slash 10,000 Jobs as Busy Season Begins

Even as headcounts rise at CPA firms.

By Beth Bellor
CPA Trendlines

Employment figures in accounting are running hot and cold, with new highs seen in earnings overall, for staff and at CPA firms, as well as in CPA firm employment.

MORE ON JOBS: All Staffed Up? New Tax Prep Hiring Stalls on Eve of Busy Season | Hiring and Pay Trends in Tax & Accounting | What’s the Profession Going To Do with 79,000 New Accounting Graduates? | Tax & Accounting Salaries Increase 2.8% | Regional CPA Firms Go Head-to-Head with Big Four in Talent Wars
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Tax preparation, meanwhile, is bleeding jobs in the double digits.

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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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
CPA Trendlines

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.

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

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 →