BUSY SEASON MANAGEMENT

The Demise of Schedule A?

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“If you charge by the form, Schedule A’s are almost obsolete.”

By CPA Trendlines Research

With the countdown clock running down toward April 15, many tax professionals’ early-season optimism is turning into frustration and anger, according to the CPA Trendlines Busy Season Barometer.

The latest readings from the tracking poll show:

  • Only half as many professionals now predict “significant increases” in the number of clients, and who now expect a “significant decrease” has almost doubled.
  • The number of practitioners forecasting revenue gains has been cut in half.
  • The number expecting better profits than last year has been cut by a third.

What’s happening?