BUSY SEASON MANAGEMENT

Tax Season Turns Ugly under Coronavirus

CPA Trendlines Busy Season Barometer shows a marked decline in practitioners reporting a “better” year and increases in “worse.”

Early optimism turns to fear and dismay as the COVID-19 crisis spreads.

Busy Season Barometer:
How Does This Year’s Busy Season Compare to Last Year’s?
Better,  Worse, or About the Same?

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.

More on Tax Season 2020: Tech Tools for Working through the Coronavirus  |  What’s NOT to Like about Tax Season?   |  Why ‘Tick and Tie’ Needs to Die   |  Lessons from the Trenches of Tax Season   |  Coronavirus Rattles Tax Season   |  Tax Season Funnies: The ‘Service’ in IRS   |  Can Your Reviewers Answer These 10 Questions?   |  Top Tech Choices for the Virtual Firm  |

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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.

That was then. This is now.