SURVEY RESULTS: Busy Season Outlook 2013

What accountants talk about when they talk about busy season 2013

Mergers, tech and the economy create a volatile mix in forecasting filing season.

by Rick Telberg
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Washington gridlock, last-minute tax changes and continuing economic uncertainty are undermining tax professionals’ outlook for the 2013 filing season, according to new CPA Trendlines survey results.

The new survey results shed light on:

  1. The changing mood of the profession and it’s leading competitors and decision-makers,
  2. The effects of mergers and new technologies,
  3. The chief operational, competitive and economic concerns,
  4. Expectations for key financial metrics, including revenues, profits and number of clients, and
  5. The strategies firms are implementing to cope with the issues and opportunities.

Despite political gridlock and economic uncertainty, practitioners are trending increasingly confident about how well their firms will perform this season. Most are looking at advances in total revenue, net profit, number of clients, number on extension, revenue per client, and profit per client.

For example:

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