But big challenges loom.
By CPA Trendlines Research
No question about it: the 2023 tax season was a banner year. Generally speaking, revenues were up, profits were up, no quarantines and the IRS didn’t pop any surprises in the middle of it.
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Yes, it was also a tough year, with staff shortages increasing the workload on practitioners, but it was that extra work, unburdened with payroll costs, that led to higher profits.
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