Monthly Archives: April 2013

Ten Things Every Firm Needs to Make Clear Firm-wide

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The main categories of information for internal communications and management. By Bruce W. Marcus Professional Services Marketing 3.0 While the substance of information varies from firm to firm, there are 10 categories that cannot go unconsidered:

12 Good Reasons for Obtaining Extensions

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Those who know Ed Mendlowitz, author of the CPA Trendlines Tax Season Opportunity Guide, know that he doesn’t like extensions.  However, there are valid reasons for extensions.

Ed grudgingly admits to 12:

  1. You did not receive K-1s or 1099s or other documents with information that you need to report.
  2. You did not receive letters confirming charitable contributions that are required to be in your possession by the due date of your tax return.
  3. There is pending litigation and reporting certain transactions might prejudice your position, or you are awaiting resolution that might cause or affect an adjustment or estimate made for last year. READ MORE →

Tax Season 2013 Adds Up to an Exceptionally Difficult Year for Many Practitioners

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ChartExport(3)
About 23% of firms report a “significant” increase in extensions this year, overshadowing all other major benchmarks.

Small firms and enrolled agents suffer the most damage from Washington shenanigans and balky software. [PRO member exclusive]

busy season barometer
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By Rick Telberg
CPA Trendlines Research
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With Tax Season 2013 finally (gratefully) at an end, the latest soundings from the field show conditions continuing to deteriorate into the final hours, according to the CPA Trendlines Busy Season Barometer.

In this report:

  • Practitioners’ top five problems during the season (chart)
  • Practitioners rate tax season from “better” than last year to “worse” (chart)
  • Reports and analysis from practitioners around the nation, including Florida, Illinois, Michigan, Maryland, and Pennsylvania.

In earlier reports:

 

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