Tax code changes emerge as prime cause of ‘worse’ tax seasons for many professionals.
By CPA Trendlines Research
A fresh analysis of the data from the 2015 CPA Trendlines Busy Season Survey turns up several worsening situations in American tax preparation.
Among those who report a “much worse” tax season, the worst-and-getting-worse cause of aggravation is the U.S. Tax Code and changes—especially mid-season changes—to the tax code.
But the worst among all respondents is their clientele, or more specifically, clients who are late or unprepared. A staggering 49% of respondents report client problems, a 7% increase over last year. And the percent is nearly the same for those who report a much worse season—51%—and those who had a “much better” season, 45%.