CHARTS & GRAPHS

CPAs See Best Outlook in Three Years, with Notable Exceptions

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Some 76% of CPA corporate executives are now optimistic about the prospects for their own organization, less so about the U.S. economy in general.

CPA execs forecast economic boom.

By CPA Trendlines
via AICPA

The economy is poised to come roaring back in the year ahead, with forecasts for revenue and profit growth not seen since 2018, according to the second-quarter AICPA Economic Outlook Survey of members in business and industry.

MORE SURVEYS & RESEARCH: Women Lag Men in Accounting Jobs Recovery  |  Tax Season Ends with Pros Covering 54% of Returns  |  Tax Pros Retake Market Share from DIYers  |  Tax Pros Race to the Finish Line |  Making Partner: What Managers Need to Know  |  Survey: Tax Season Swings into the Red  |  Who’s Heating Up Accounting Tech?  |  Another Tax Season from Hell?

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There are concerns, however. “Availability of skilled personnel” reemerged as the top-cited challenge for businesses as job recruitment turns up. And two-thirds of business executives now express concern about inflation, up from 44 percent last quarter.

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Tax Season Ends with Pros Covering 54% of Returns

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data chartDirect deposit refunds were the only down note.

By Beth Bellor

The final report from the tax season we thought would never end is in, and on higher notes than might have been expected.

MORE: 54% of Tax Returns Go through Pros | Tax Pros Race to the Finish Line | Tax Pros Widen Lead over Amateurs | Pros Surge Ahead in Tax Prep | Tax Pros Handle 53% of E-Filings | Tax Pros Hold Their Ground
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The agency received 148 million individual income tax returns, up 11.8 percent from the same period in 2020, when the endless season was 18 days longer. It processed 135.8 million returns, up 13.4 percent and setting the processing rate at 91.7 percent.
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