Topic: busy season

Busy Season 2015: Worse and Worser

After a bad year for many practitioners, watch for the consolidation and shakeout to come. By Rick Telberg CPA Trendlines Research Before Busy Season 2015 had even begun, tax professionals were worrying most about the new rules and regulations they’d be facing, among them, the Affordable Care Act. Join the survey; get the results Indeed, so-called Obamacare loomed largely over the 2015 season, but practitioners found bigger problems with Form 3115, tougher competition and fee pressures. So much so, that a significant number of practitioners swore this tax season would be their last. And with merger season coming close on the heels of busy season, the profession should brace for a new wave of consolidation and shakeout, according to the […]

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SURVEY RESULTS: Latest Comments on Busy Season 2015

The CPA Trendlines Busy Season Barometer 2015: Join the survey. Get the results By CPA Trendlines Research As results pour in from the final days of the CPA Trendlines Busy Season Barometer 2015, it’s clear that practitioners’ experiences range widely, from outright euphoria to bleak despair. See Comprehensive Coverage of Busy Season 2015 Here are a few the latest comments, verbatim… Better than last year. Volume is up significantly and good smoothness of preparation svc and knowledge of clients. We added a small tax practice in an adjoining town I didn’t have any clients with Obamacare non-compliance

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Busy Season 2015: Comprehensive Coverage

In case you missed it… In this directory, CPA Trendlines compiles complete coverage of the 2015 busy season. SURVEY RESULTS: Latest Comments on Busy Season 2015 Verbatim practitioner reports from the front lines Busy Season 2015: Top Lessons Learned So Far Doing the Tax Season Math: Regs + Staff + Clients + Tech + Self = Busy x Busy x Busy Busy Season 2015: Fixing the Tax System How tax professionals would remake the tax code. Busy Season 2015: New Lessons in Time Management Lesson learned: Plan, prioritize, repeat. Tax Pros Cling to 57% of E-filing Market Total individual returns received has topped 90 million. Tax Pros Gain E-filing Market Share Some individuals choosing e-filing but paper return checks. Busy Season 2015: […]

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Busy Season 2015: Top Lessons Learned So Far

Doing the Tax Season Math: Regs + Staff + Clients + Tech + Self = Busy x Busy x Busy  By CPA Trendlines Research The key lessons learned from the 11th annual CPA Trendlines Busy Season Barometer Study are coming into clear focus. More: Busy Season 2015 Comprehensive Coverage A.B. East, at Manning Elliott in Vancouver, BC, Canada, for example, took a lesson in smart management. He says he learned “the importance of having the right complement of experienced staff to delegate to so I can reduce my hours and deliver to clients on timely basis.” Next year East will continue a very healthy policy: “I have been and will continue to mentor managers, seniors and juniors to advance their expertise on a […]

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Busy Season 2015: Fixing the Tax System

How tax professionals would remake the tax code.  Imagine there’s no deductions, it’s easy if you try. No 8965, no1095-A, above us, only sky. Imagine all the CPAs, Living for today… By CPA Trendlines Research There’s nothing like another tax season to prod accountants into imagining about ways to reform the nation’s tax system. In the this year’s CPA Trendlines Busy Season Barometer, some CPAs have specific suggestions; others are calling on the profession to take a leadership role in the national conversation. Register your comments here: CPA Trendlines 2-Minute Survey: Fix the Tax System CPA Trendlines is polling the profession with a two-minute survey asking for specific recommendations for changing the code, the regs, the instructions and the forms – whatever it takes to make […]

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Busy Season 2015: New Lessons in Time Management

Lesson learned: Plan, prioritize, repeat. Next question: Key financial metrics for 2015 results. Join the survey; get the answers. By CPA Trendlines Research They don’t call it “Busy Season” for nothing. It’s a frenetic, hectic, even hellish effort to herd client cats toward an unforgiving deadline. When we ask CPA Trendlines members what lessons they’re learning this year and what they plan to do about it next year, we hear a lot about time management. Based on the survey, time management issues can be organized into eight main categories: disorganized offices, timing, staffing, scheduling, procrastination, poor planning, the need for time off and the desire to retire. The solutions CPAs will be implementing next year range from minor tweaks to complete overhauls, or […]

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Busy Season 2015: Vexed by Regs, CPAs Dismayed at Congress

Next Question: What’s the best way to fix the tax system? Register your comments here. By CPA Trendlines Research The U.S. tax system has become so complex and dysfunctional that even professional tax practitioners are bitterly frustrated and angry – outrage that’s been boiling over in the CPA Trendlines Busy Season Barometer. This year accountants are talking about staff problems, client problems, overload problems and Affordable Care Act problems. But the anger with new forms and regulations isn’t stopping there. “All reason has gone out the door,” says a CPA in Montrose, Colo. “I have been preparing tax returns for over 35 years. There has never been a tax season like this one – and there will never be another one like it.”

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Busy Season 2015: When Clients Are the Problem

Top nine client management solutions. NEXT QUESTION: Lessons Learned. Join the survey; get the results By CPA Trendlines Research The CPA Trendlines annual Busy Season Barometer is uncovering some frank and candid talk about clients. Yes, we love them. Couldn’t live without them. Most of the time. But, well, not always. It’s not that they’re bad people. But let’s face it, they aren’t always sweating tax prep much in advance of April 1, they have no idea what new regulations are in effect this year and their advisories from their CPA are filed under “migraines that can wait.” Plus, they truly believe their CPA is exclusively dedicated to their company and doesn’t really have much else to do but wait […]

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Busy Season 2015: Short-Term Staffing Problems Need Long-Term Solutions

Not enough trained staff, not enough seasonal staff, not enough staff. Next question: The smartest moves this busy season? Join the survey; get the results. By CPA Trendlines Research The CPA Trendlines annual Busy Season Barometer is eliciting a panoply of lessons learned and plans for a smoother season next year. A lot of professionals’ comments this year are nothing short of outright complaint. And not without reason. It’s been a rough year. If the snow didn’t get you, Forms 3115, 8962, 8965 or 1095a did. Plus all things IRS got more complicated, clients got more desperate and, apparently, tensions rose as CPAs and staff stretched themselves to the limits of professional endurance. One of the main lessons learned is the need for […]

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Busy Season 2015: Headaches from Obamacare

‘ACA is PITA BS for CPAs.’ Next year’s plan: ‘Become a monk.’ Next question: The smartest moves this busy season? Join the survey; get the results By CPA Trendlines Research As Busy Season 2015 grinds down, tax prep professionals are grappling with myriad and continuing issues with new rules, thin staffing and difficult clients, according to the CPA Trendlines annual Busy Season Barometer. But the new Affordable Care Act seems to be causing the most widespread aches and pains among accountants.

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CPA Trendlines Busy Season Survey – Join the Survey; Get the Report: Lessons Learned 2015

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BUSY SEASON SURVIVAL TIPS: 5 Ways to Turn a Tough Day Into a Great One

Feeling overwhelmed? Here’s how to combat it…

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Make Busy Season into Business Development Season

Five reasons this is the wrong time to take your eye off the ball. Firms need to look at the busy season as a stepping stone, while their clients are focused on taxes and accounting more than any other time. Here’s why you need a business development strategy in busy season:

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