Early optimism turns to fear and dismay as the COVID-19 crisis spreads.
By CPA Trendlines Research
Whether the Covid-19 panic is much ado about nothing or not enough being done about something, America’s tax and accounting practitioners are already seeing their early-season optimism shift into a mid-season nosedive.
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The CPA Trendlines 2020 Busy Season Barometer has been fielding responses since early January. And, for a while, things looked good. Until the end of February, early respondents generally saw their season moving along swimmingly, the economy booming, clients doing well, families hunky-dory. This year was going to be so much better than last year.