Pros Surge Ahead in Tax Prep

data chartRefunds are up overall, but down in direct deposit.

By Beth Bellor

Are those DIYers losing ground while the tax professionals gain it? Why yes. That’s exactly the case.

MORE: Tax Pros Handle 53% of E-Filings | Tax Pros Hold Their Ground | Pros Tackle 49% of E-filed Returns | Survey: Tax Season Swings into the Red | Another Tax Season from Hell?
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

The pros pulled out of the red year-over-year and solidly hit the black – or green, according to our chart – by preparing 55.5 million electronic filings of individual income tax returns, 3.4 percent higher than the same week last year. Factor in that 2021’s season started 18 days later, and there is some real reason to preen.
READ MORE →

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
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

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.

READ MORE →