Analysis shows smaller firms having the most trouble. CPA Trendlines Research While the 2016 Tax Season is still about 180 days away, many practitioners are still recovering the 2015 season. This year’s busy season was a tough one for America’s tax preparers. CPA Trendlines’ surveys reveal a panoply of gripes from sea to shining sea: Affordable Care Act problems. New regulations problems. Computer problems. Client problems. Even health problems and weather problems seemed worse. And who suffered the most? Solo practitioners, the ones with the gumption to go it alone, the ones who can’t stop working on tax returns to fix a computer, go to a doctor, shovel some snow, or explain federal forms to a client.
The National Trends and Averages By CPA Trendlines Research While tax professionals taking a well-deserved break this summer, they are also carefully assessing how well – or poorly – they fared in Tax Season 2015 and they are beginning to lay plans for Tax Season 2016. Chief among their concerns will, no doubt, be a thorough review of their mix of services and fees. Fortunately, CPA Trendlines has compiled authoritative data in an easy-to-use set of charts, graphs and infographics to guide the strategizing for 2016. In this report, CPA Trendlines reveals: The average time it takes an amateur do-it-yourselfer to do a 1040 – useful information in understanding and communicating to clients the true value of a professional. How […]
Wages hit new high; hourly rates at CPA firms up nearly 10 percent. By CPA Trendlines Research As the economy adds jobs, the accounting industry is grabbing its share and sometimes more, according to CPA Trendlines sources. At the same time, respondents to The CPA Trendlines Careers and Hiring Outlook tracking polls show nearly 60 percent ready to jump ship if the right offer comes along. Join the survey. Get the results. In this report, CPA Trendlines covers: Current hiring trends in each of the bookkeeping, tax, payroll and CPA segments of the industry, indicating growth and shrinkage among sectors. Average hourly wages for key segments, with trends in employee pay rates. Typical hours worked per week, showing utilization and productivity. […]
Lenovo challenges Dell and HP’s dominance with competitive pricing on desktops. By CPA Trendlines Research Accounting Firm Operations and Technology Survey Attracted by competitive pricing, accountants are increasingly turning to Lenovo as their primary desktop computer and challenging the dominant positions of Dell and Hewlett-Packard, according to new survey results available from CPA Trendlines. To be sure, the Accounting Firm Operations and Technology Survey shows Lenovo still dwarfed by Dell and HP. But Dell’s position is hardly changing, HP’s appears to be declining and Lenovo is coming on strong, almost doubling its share of the profession.
New study reveals widespread weaknesses in accounting firm technology strategies. By Rick Telberg CPA Trendlines Research Accountants aren’t known for their risky decisions. Quite the opposite, in fact. In most things, accountants are paragons of caution and care. That’s, “in most things.” But as the “Accounting Firm Operations and Technology Survey,” published by CPA Trendlines, shows again and again, accountants are taking sometimes potentially disastrous risks with their firms and – worse – with their clients.
Tax season 2015 sees 59% of firms using digital production systems. By CPA Trendlines Research The tax and accounting profession appears to have made a quantum leap with Busy Season 2015, by broadly embracing workflow automation to optimize production, control costs and speed delivery, according to data made available to CPA Trendlines. The Association for Accounting Administration, in a study led by CPA Trendlines contributor Roman Kepczyk, author of Quantum of Paperless: The Partners Guide to Accounting Firm Optimization, finds that in the general movement toward paperless, or at least less paper, firms are increasing their use of technology to save more trees than ever. The survey compared findings in 2013 with what firms expected to do in the 2015 busy season. A big […]
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
Randy Johnston, CEO and founder, Network Management Group, Inc.; Leslie Garrett, Ph.D., CEO of Insight Research Group; and Brian Tankersley, editor of the publication announce the release of their 2nd Annual Accounting Firm Operations and Technology Survey eBook. The survey is published in cooperation with CPA Trendlines. “We are very pleased with this year’s survey participation, we have respondents from all 50 states and our number of respondents doubled over last year’s results, further validating the data,” said Garrett. Available for sale exclusively at Store.CPATrendlines
In case you missed it… In this directory, CPA Trendlines compiles complete coverage of the 2015 busy season. IRS Seeks More Tools to Fight Refund Fraud FY 2016 budget provisions would expand authority for regulation, correctable errors. Workflow Automation Takes Root in Mainstream CPA Firms Tax season 2015 sees 59% of firms using digital production systems. Busy Season 2015: Worse and Worser After a bad year for many practitioners, watch for the consolidation and shakeout to come. Busy Season 2015: Top Lessons Learned So Far Doing the Tax Season Math: Regs + Staff + Clients + Tech + Self = Busy x Busy x Busy Here’s Your New Tax Season Marketing Plan Think now about June. Yes, June. If You Thought Tax Season 2015 […]