TAX SEASON

Fear and Loathing for Tax Season ’22

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Most tax and accounting practitioners see a bleak outlook ahead.

By CPA Trendlines Research

Tax and accounting professionals are launching into Busy Season 2022 with widespread fears of crisis and chaos, facing a third year of pandemic conditions, the staffing shortage, a sputtering IRS, and political and economic uncertainties.

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A majority of accountants are telling the CPA Trendlines Busy Season Barometer that they are expecting an even worse year than last year, with 40 percent bracing for “somewhat” worse and 11 percent girding for “much “worse.

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Padar Joins VC-Backed Tax Fintech for Banks

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Padar

April Tax Solutions targets banks and financial institutions.

Jody Padar, CPA, also known as “The Radical CPA,” has exited Botkeeper after three years and joined April Tax Solutions, Inc., a start-up that uses an intelligent tax platform to automate the filing process and embed tax prep into broader financial applications.

Padar is head of tax and evangelism. April is backed by $10 million in seed capital from a number of venture capital funds.

“It’s time to bring taxes into the digital age,” says Padar. “I’m excited to lead the charge and help the next generation of consumers and accounting professionals have a better relationship with tax filings.”

April says it partners directly with banks and financial institutions to do away with the silos traditionally existing between tax and financial planning. The company is rolling out in the first half of 2022 to select customers of leading fintech partners in time to file their taxes for this season.

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COVID Chokes an Already Crippled IRS

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Can busy season get any worse? We’re about to find out.

IRS Workloads Up, Budgets Down
IRS Workloads Up, Budgets Down

By CPA Trendlines

The year 2021 gave tax preparers and taxpayers one big mutual hope — the hope that such a year never happens again.

MORE for TAX SEASON 2022: Eight Ways to Charm a Client | Prepping for Tax Season: Plug Small Leaks Before They Become Big Floods | Four Issues with ‘Quick’ Tax Questions | UPDATED: Accountants Critical of Competitor Price-Cutting | When to Pick Up the Phone This Tax Season | Get Your Team Ready for Tax Season | Automate Busy Season with Apps You Already Use | These Five Procedures Will Simplify Your Tax Season | 11 Steps to Better Client Tax Instructions | 12 Ways to Squeeze Fun into Tax Season | Six Ways to Get Paid Faster | SURVEY: Worries for Small Business Clients | Busy Season Forecast: More Chaos |

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And just in case Congress didn’t get the message, National Tax Advocate Erin M. Collins submitted to that august body an annual report that pulled no punches and spared no explication. The new filing season starting Jan. 24 could bring hitherto unbelievable problems.

The situation, she said, was dire. READ MORE →

Eight Ways to Charm a Client

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We get measured on the small things – the good and the bad.

By Ed Mendlowitz
Tax Season Opportunity Guide

Clients are our customers. They pay our salary and enable us to make good livings.

MORE: Thorough Vs. Sloppy: Is Everyone on the Same Page? | Four Issues with ‘Quick’ Tax Questions | 11 Steps to Better Client Tax Instructions
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Do what you can to accommodate them and make them feel important – as important as they believe they are. READ MORE →