Women Lag Men in Accounting Jobs Recovery

New records set in hourly earnings.

By Beth Bellor

Across the tax and accounting industry, almost all the jobs relinquished by men in the Coronavirus layoffs have been regained by men. The jobs given up by women, on the other hand, are still largely vacant.

MORE ON JOBS: Comeback Stalls as Layoffs Hit 1,500 in Accounting | Tax & Accounting Regains 3,800 Jobs | Accounting Jobs Recovery Slows | Tax & Accounting Firms Rehire Two-Thirds of Pre-COVID Workforce | Tax & Accounting Firms Rehire Two-Thirds of Pre-COVID Workforce
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Overall, the tax, accounting, tax prep, payroll, and bookkeeping sectors employed 1.02 million full-time equivalents in March 2020, before 70,000 layoffs hit in April. So far, the industry has re-filled all but 17,600 positions.

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How a Few of the Wealthiest Skate Around the IRS

And the IRS is looking the other way.

By CPA Trendlines

The Internal Revenue Service isn’t supposed to consider a taxpayer’s income or wealth when prioritizing Taxpayer Delinquent Accounts. Rather, the Service is supposed to focus on balances due, pursuing collection of higher amounts.

MORE: Pros Tackle 49% of E-filed Returns | Survey: Tax Season Swings into the Red | Another Tax Season from Hell? | Pros Process 44% of Tax E-filings | Tax Professionals Report Tough Slogging | Busy Season 2021 Gets Off to Weak Start
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Obviously, many of those higher balances are owed by taxpayers (or tax dodgers) in the higher adjusted gross income brackets, and the IRS believes that pursuing high balance dues effectively addresses high AGIs.

But the Treasury Inspector General for Tax Administration says that focusing on the balance due is increasing the risk of high earners skipping out on what they owe.

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Tax Pros Hold Their Ground

In shorter season, professional e-filings are down only 5.6%.

By Beth Bellor

Year-to-year tax filing statistics stabilized ever so slightly this week, as average refunds slipped out of the red and IRS visits backed off a bit in pace.

MORE: Pros Tackle 49% of E-filed Returns | Survey: Tax Season Swings into the Red | Another Tax Season from Hell? | Pros Process 44% of Tax E-filings | Tax Professionals Report Tough Slogging | Busy Season 2021 Gets Off to Weak Start
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The Internal Revenue Service had received 93.2 million individual income tax returns as of April 2, down 4.3 percent from the same period in 2020. In releasing the latest available data, the agency noted that the filing season began 18 days later this year, skewing comparisons.
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Pros Tackle 49% of E-filed Returns

chart of weekly IRS tax return filing dataRefunds are down 19% in number and total amount.

By Beth Bellor

As in recent years, accountants are losing ground to DIYers when it comes to individual income tax returns. The question is, do they care? Or is this ground they’re all too ready to yield for more profitable pastures?

MORE: Survey: Tax Season Swings into the Red | Another Tax Season from Hell? | Pros Process 44% of Tax E-filings | Tax Professionals Report Tough Slogging | Busy Season 2021 Gets Off to Weak Start
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The IRS had received 85 million returns as of March 26, down 6.2 percent in a season that started 18 days later than in 2020. It had processed 76 million, down 12.7 percent.
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SURVEY: 57% Handle Social Media Internally

But 27% opt out completely.

By Randy Johnston and Brian Tankersley
The Accounting Firm Operations and Technology Survey

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MORE: SURVEY: Communication Plan Is to Stay the Course | SURVEY: Phone, Email Tied for Client Communication | SURVEY: Merger? Maybe| SURVEY: Your Top Tech Problem? | SURVEY: If Only We Had Time For … | SURVEY: Where Do You Get Clients? | SURVEY: What Is the Hardest Part of Your Job? | SURVEY: Business Is Still About Taxes | SURVEY: Recruiting, Profits, Security Are Top 3 Concerns | SURVEY: Tech Spending Slows | SURVEY: Firm Size Matters in Tax Software Choice | Top Challenges? Staffing, Staffing, Staffing
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Survey: Tax Season Swings into the Red

ON THE FRONT LINES (clockwise from top left): Hundshamer, Jones, Mills, Lopez-Williams, Mauro, Raboin, Newman, Behar

Efiilings lag by 5 million as practitioners call it a “nightmare.”

Surviving Busy Season 2021:
Join the survey. Get the results.

By Beth Bellor
CPA Trendlines Research

The IRS is narrowing the gap between this season and 2020, still behind in almost every area but with more deficits now in the single digits. That’s what passes for good news these days.

MORE: Another Tax Season from Hell? | Pros Process 44% of Tax E-filings | Tax Professionals Report Tough Slogging | Busy Season 2021 Gets Off to Weak StartGoProCPA.com
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Meanwhile, tax practitioners are reporting further deteriorations in their busy season, with 35 percent now terming is “much worse” than the year-ago, up about 11 points from the earlier soundings on the CPA Trendlines Busy Season Barometer. Join the survey. Get the results.

On March 17, the Treasury Department and IRS announced the 2020 individual federal income tax filing due date would be automatically extended from April 15 to May 17. Since then, some 25 states and localities – but not all – announced similar extensions.

BUSY SEASON RED SHIFT: The percentage of tax practitioners reporting a “much worse” season than last year grew 11 points to 35% from before March 15 to after March 15. (CPA Trendlines Busy Season Barometer)

As of March 19, the latest data available, the service had received 76.1 million individual income tax returns, down 9.6 percent from the same period last year, when the season began 18 days earlier. It had processed 67.7 million returns, down 16.6 percent, for a current processing rate of 89 percent.
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SURVEY: Communication Plan Is to Stay the Course

Only 11% subscribe to communication services.

By Randy Johnston and Brian Tankersley
The Accounting Firm Operations and Technology Survey

 

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MORE: SURVEY: Phone, Email Tied for Client Communication | Merger? Maybe | Your Top Tech Problem? | If Only We Had Time For … | Where Do You Get Clients? | What Is the Hardest Part of Your Job? | Business Is Still About Taxes
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