2018 Tax Filing Season Begins Jan. 29

Tax Returns Due April 17.

from the IRS

The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan. 29, 2018 and reminded taxpayers claiming certain tax credits that refunds won’t be available before late February.

The IRS will begin accepting tax returns on Jan. 29, with nearly 155 million individual tax returns expected to be filed in 2018. The nation’s tax deadline will be April 17 this year – so taxpayers will have two additional days to file beyond April 15.  READ MORE →

The IRS Tip 10 List for Choosing a Tax Pro

Setting expectations.

By CPA Trendlines

As a tax pro, you already know what it takes to serve your clients well. But do your clients and prospects know?

In a new 10-point news release aimed at taxpayers, the IRS sets some guidelines for taxpayers to "choose their tax return preparer wisely." You might want to be prepared for the questions clients and prospects may ask.

Here are ten tips for taxpayers to remember when selecting a preparer:

READ MORE →

SURVEY: N.J. CPAs Support Recreational Cannabis

Thomas

"Good source of tax revenue."

By CPA Trendlines
Cannabizcpa.pro

More than 50 percent of New Jersey CPAs say recreational marijuana use should be legalized in the state, according to a new poll by the state society.

 

MORE ON CANNABIZ: CPA Andrew Hunzicker Creates Course in Cannabis Accounting | Jim Marty: Building a National CPA Firm for the Cannabis Industry | CPA Kim Walker: ‘We Can’t Be Afraid of Diving into Marijuana’ | A CPA’s Unexpected Journey into the Cannabis Industry | Billion-Dollar Questions: Cannabis FAQ for Accountants | The Wild World of Weed: Tax Season Never Ends
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Their reasons stem from it being a good source of tax revenue for the state and the potential for removing some of the burden on state prisons.

READ MORE →

CPA Trendlines Cited for Bold Leadership

Thanks for the mention!

Prophix, a developer of software that automates critical financial processes, has cited CPA Trendlines as among the leading "innovators and bold thinkers who are helping transform finance."

"Read their work, follow them on social media, and you’re guaranteed a steady stream of high-quality thought leadership," says Prophix here.

"Rick Telberg and CPA Trendlines Research are at the forefront of industry analysis," according to Prophix, "helping finance professionals benchmark performance now and plan for the future. In addition to short-form articles on CPA Trendlines and LinkedIn, the organization regularly publishes in-depth research to help guide tomorrow’s finance leaders.

PRO MEMBER EXCLUSIVE: Tax & Accounting Industry Adds 12,200 New FTEs

CPA Trendlines finds the industry adding 12,200 new full-time permanent jobs from a year ago, hitting the 8th new consecutive monthly high.

We'll be posting full details and analysis exclusively for PRO Members on:

  • Current hiring trends in each of the major segments:
    • bookkeeping,
    • payroll,
    • tax and
    • CPA firms
  • Average hourly earnings for each of the  key segments
  • Average hours worked per week for each of the key segment, and
  • Trends regarding women in the accounting workforce for each of the key segments.

Go to the full report here

If you're not already a PRO Member, Go Pro here for access to this exclusive report when it becomes available and the entire vault of 5,000 articles with hundreds of thousands of rips, strategies, analysis, guidance, checklists, and step-by-step procedures.

Mandatory Retirement Gains Ground

Chart of mandatory retirement by firm size

Multi-partner firms with mandatory retirement provisions grew from 62.4 percent in 2015 to 64.2 percent in 2016. This percentage is expected to increase as more firms are grappling with partners hanging on to equity longer and young managers vying for partner roles. Take a look at the findings in the new Rosenberg Survey and see what else is changing for partners. Learn more here.

Partner Ages Ticking Back Down?

Chart tracking trends in partner ages
For the last dozen or so years, the number of partners over age 50 has steadily climbed upward. The past two years, however, there was a slight decrease in the percentage of partners over the age of 50 because of the retirement of many partners over the age of 60 (even 70!) and firms bringing in new partners in their 40s. Take a look at the findings in the new Rosenberg Survey and see what else is changing for partners. Learn more here.