Busy Season 2018: How Good Can It Get?

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More work, more clients, more fees, more profits. So who’s complaining?

By Rick Telberg
CPA Trendlines

Despite beginning in chaos and uncertainty with the biggest tax-law change in three decades, Busy Season 2018 may go down as a banner year in the books for the tax profession – one of the best ever, according to the annual CPA Trendlines Busy Season Barometer.

Scroggs

Kathy J. Scroggs, of Scroggs & Associates in Montecito, Calif., says, “My team is working like a well-tuned grand piano.”

Almost half of all CPAs report a busy season better than last year, with more work and higher profits. Additionally, two-thirds cite gains in revenue and in the number of clients.

One tax practitioner, reporting a “much better year,” is riding a wave of shifting clientele. “I’m having more people coming in to prepare and use e-file, more than last year,” he tells CPA Trendlines, “especially new business owners opening LLCs.”