Tax Professionals Find It Increasingly Difficult to Keep Up with Late-Changing Tax Regs

The number of practitioners reporting major issues with code & reg changes doubles.

z_tax key issues

By CPA Trendlines Research

Across the country, a lot of CPAs felt downright punished this busy season as they got hit by problems from all sides. Nobody reported earthquakes or tsunamis, but it seems a bunch got slammed by something worse than a tectonic pounding.

Bam! Pow! Oof! Yes, it was that dynamic duo, that tyrannical twosome, that yoke of you-know-whats: the United States Tax Code and the Internal Revenue Service.

According to the CPA Trendlines Busy Season Survey, 12% percent of respondents report a busy season “much worse than last year.” Another 24% had a “somewhat worse year.” Add them up, and more than a third of the nation’s tax preparers suffered a painful busy season.

And the most commonly cited complaint are difficulties with the tax code, ranging from the requirements of the Affordable Care Act to the new Repair regs.

Posted on August 15, 2015

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor, and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media, and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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