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FEATURED

IRS Urged to Form Tax Preparer Strategy

Portrait of Bridget T. Roberts
Roberts

Taxpayer Advocate says it’s long overdue.

By CPA Trendlines Research

Every year by legal mandate, the National Taxpayer Advocate, who heads the Taxpayer Advocacy Service within the IRS, files a report to Congress. The report identifies problems within the IRS and offers recommendations to solve them.

MORE: Accountants Cautiously Bullish on the Economy | SURVEY RESULTS: Tax Pros Forecast a Better 2020 | Can the IRS Enforce the Tax Code? | Tax Pros Upbeat on Cusp of Busy Season | IRS Undertakes Overhaul
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This year, the acting director of the TAS, Bridget T. Roberts, has identified the lack of a comprehensive strategy for the tax practitioner community as one of the IRS’s most serious problems. Although 80 million Americans depend on tax preparers to do their civic duty, the IRS’s efforts to serve practitioners is focused mostly on misconduct issues, not on helping them get the job done.
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BUSY SEASON MANAGEMENT

Tax Season Is Hacker Season

Checklist: Five things to do today to protect your firm and your clients.

The CPA Trendlines Busy Season Barometer:
New year, new strategies
Join the survey. Get the results.

By Jess Coburn
Applied Innovations

Businesses of all sizes are targets from what has become the most vicious, innovative, and lucrative criminal endeavors we’ve ever witnessed. And tax practitioners are particularly easy targets.

MORE ON BUSY SEASON 2020: IRS Urged to Form Tax Preparer Strategy |  5 Small Leaks That Can Sink a Tax Season |  Data Points Down as Tax Season Opens |  The Fight for New Tax Clients |  5 Tax Review Keys |  Tax Pros Forecast a Better 2020 |  See all Tax Season 2020 coverage here

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The financial services industry is perhaps the most targeted because of the value of data it possesses. And the most frequently targeted are CPAs and those who prepare tax returns.

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BUSY SEASON MANAGEMENT

Accountants Cautiously Bullish on the Economy

The CPA Trendlines Busy Season Barometer. Join the survey. Get the Results
The CPA Trendlines Busy Season Barometer. Join the survey. Get the Results

“Local optimism” a bit better than last year.

The CPA Trendlines Busy Season Barometer
New year, new strategies.
Join the survey. Get the results.

By CPA Trendlines Research

When CPAs talk about the economy, people listen. They listen because accountants have their finger on the pulse of the economy. They look at real numbers all day. They look at where the numbers are coming from and where they’re probably going. It’s what they do.

MORE: Pros Improving Performance | Can the IRS Enforce the Tax Code? | Tax Pros Upbeat on Cusp of Busy Season | IRS Undertakes Overhaul
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For that reason, CPA Trendlines’ 2020 Busy Season Barometer steps back from strictly tax issues to ask how things look economically. The answers are always interesting.

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FEATURED

SURVEY RESULTS: Tax Pros Forecast a Better 2020

Difficult clients? Show them the door.

The CPA Trendlines Busy Season Barometer: New year, new plans?
Join the survey. Get the plans.

By CPA Trendlines Research

Last year was rough on tax preparers – the overhaul of the tax code on top of the government shutdown, the forms and schedules unavailable, the obsolete software.

MORE: Tax Pros Upbeat on Cusp of Busy Season
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But as they say, what doesn’t kill you makes you stronger. And according to the early results of the CPA Trendlines 2020 Busy Barometer, those who survived last year have learned some lessons and are making changes.
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CANNABIS

Suchoff Takes Cannabis Accounting Passion National

Portrait of Sandy Suchoff
Suchoff

She cites the usual complicators: 280E, the dearth of banking services.

By CPA Trendlines Research
Cannabizcpa.pro

Sandy Suchoff’s initial interest in cannabis came when a family member had an immune deficiency condition. The treatments seemed almost as hazardous as the disease itself.

MORE ON CANNABIZ: Why Are CEOs So Confused? | Everything You Wanted to Know about Dispensary Accounting but Were Afraid to Ask | ‘High Times’ at AICPA | CPA Cathro Goes 90% Cannabiz in the Bay State | Why Jax Wheatley Shifted from LBGTQ to Cannabis Clients
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Medications came with lists of serious side effects and often conflicted with each other. But from what Suchoff read – and she read a lot – cannabis could do a world of good without threatening harm.
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