But upbeat on their clients', their firm's, and their families' outlook.
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The TCJA Impact on Your Practice and Your Clients
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By Rick Telberg
CPA Trendlines Research
Tax and accounting professionals are headed into the jaws of Busy Season 2019 fairly confident in the business and economic outlook for their clients, their firms and themselves – except they are distinctly negative on the direction of the nation's economy as a whole, according to the latest readings from the annual CPA Trendlines Busy Season Barometer.
More on BUSY SEASON: Tax Shops Bulk Up for Big Busy Season | BUSY SEASON: The Busiest Ever? | Survey: Tax Season Launches with a Whimper16 Big Questions for Tax Season | SURVEY: Tax Accountants Alarmed by TCJA & Shutdown | Shutdown: What to Tell Tax Clients During “The Lapse” | Beware the Leeches and Consultants | Charitable Giving under TCJA | Why Padding Tax Deductions Is a Risky Proposition | Handling the Delay in 199A Regs | Survey: Clients Rush for TCJA Answers |
With more than 475 practitioners reporting, 52 percent expect better times ahead for their firms, 37 percent see no change, and only 10% are bracing for declines, yielding a weighted average of about 2.4 on a five-point scale.
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About the Author
Rick Telberg is a veteran analyst, advisor, commentator, editor and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.
Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.
As an expert in management, marketing, media and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.
Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.
Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.Click here for more by Rick Telberg