But 91% would cut back if faced with a recession.
Small business employers have a relatively positive outlook on the economy and their ability to hire more people this year.
Nevertheless, 91% say the economy will influence their hiring plans, according to new survey findings from QuickBooks Payroll. READ MORE →
Survey shows healthcare costs and market volatility drive client fears.
Of all the concerns impacting Americans’ retirement today, running out of money, maintaining their lifestyle and rising healthcare expenses continue to top the list, according to a new survey of CPA financial planners.
More on Client Management: BUSY SEASON: Accountants Worry for U.S. Economy | Tax Season Launches with a Whimper | When to Keep Some Plans to Yourself | Shutdown: What to Tell Tax Clients During “The Lapse” | How Clients Should Gather Their Papers for Taxes | Staffers Need to Speak Up with Clients
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But upbeat on their clients’, their firm’s, and their families’ outlook.
Today’s Bonus Question:
The TCJA Impact on Your Practice and Your Clients
Join the Survey: Get the Results.
By Rick Telberg
CPA Trendlines Research
Tax and accounting professionals are headed into the jaws of Busy Season 2019 fairly confident in the business and economic outlook for their clients, their firms and themselves – except they are distinctly negative on the direction of the nation’s economy as a whole, according to the latest readings from the annual CPA Trendlines Busy Season Barometer.
More on BUSY SEASON: Tax Shops Bulk Up for Big Busy Season | BUSY SEASON: The Busiest Ever? | Survey: Tax Season Launches with a Whimper16 Big Questions for Tax Season | SURVEY: Tax Accountants Alarmed by TCJA & Shutdown | Shutdown: What to Tell Tax Clients During “The Lapse” | Beware the Leeches and Consultants | Charitable Giving under TCJA | Why Padding Tax Deductions Is a Risky Proposition | Handling the Delay in 199A Regs | Survey: Clients Rush for TCJA Answers |
FREE TO PRO MEMBERS: Busy Season 2019 Trend Report (log-in required)
With more than 475 practitioners reporting, 52 percent expect better times ahead for their firms, 37 percent see no change, and only 10% are bracing for declines, yielding a weighted average of about 2.4 on a five-point scale. READ MORE →
Tax professionals expect a very busy Busy Season.
Today’s Bonus Question:
The TCJA Impact on Your Practice and Your Clients
Join the Survey: Get the Results.
By Rick Telberg
CPA Trendlines Research
One thing’s certain about the 2019 tax season: Nothing’s certain.
The early results from the 16th annual CPA Trendlines Busy Season Barometer show tax practitioners hopeful but nervous.
More Busy Season: Tax Season 2019 Launches with a Whimper | 16 Big Questions for Tax Season | SURVEY: Tax Accountants Alarmed by TCJA & Shutdown | Shutdown: What to Tell Tax Clients During “The Lapse” | Beware the Leeches and Consultants | Charitable Giving under TCJA | Why Padding Tax Deductions Is a Risky Proposition | Handling the Delay in 199A Regs | Survey: Clients Rush for TCJA Answers |
For many, the season seems to be shaping up for more clients and increased revenues. At the same time, however, practitioners are showing unprecedented concerns that instead of success, they could end up with a mess.
And mess or success, they’re in for a lot of work. READ MORE →
