It comes as no surprise that recent events have had significant effects on the economy and businesses as a result. But with inflation causing soaring prices, many tax practitioners have experienced significant impacts on their professions. What challenges are tax practitioners experiencing in 2022, and how can they successfully navigate the effects on their professions?…
I have, over the years, written a lot about being a working mother in the tax profession. But this year, I wanted to hear more about how fatherhood had impacted careers in tax—and vice versa—from those in the profession. So I asked. Within hours, I had received dozens of responses—some nearly a page long—from fathers…
Tax Day was May 17, 2021, for most individual taxpayers – and what a day it was! It marked the end of a difficult season for taxpayers and tax professionals alike. For more on what we’ve learned, read Five Lessons From What Felt Like The Longest Tax Season Ever (on Bloomberg Tax, outside of the…
Despite the inroads women have made in the tax profession, it’s still a very male-dominated profession, especially at the top. In 2019, only about 20% of all equity partners were female, according to the National Association of Women Lawyers. Thankfully, it’s an issue that is starting to garner more discussion as more people recognize the…
If this time last year, you would have suggested that I would spend a majority of my time in 2020 away from my office and reliant upon the tax community on social media to help keep me both informed and sane, I likely would have laughed at you. Don’t get me wrong: I have always…
#TaxTwitter has been abuzz about a flurry of notices of intent to levy (CP504) sent to taxpayers this week. The notices appear to have been sent out without regard for individual taxpayers circumstances with tax practitioners reporting receipt by taxpayers previously marked as CNC (currently not collectible), taxpayers with pending offers, and taxpayers who have…
It feels like the last tax season just ended (okay, it kind of did), but the Internal Revenue Service (IRS) is already sending out reminders for tax professionals to start the upcoming 2021 filing season. Specifically, the IRS is reminding paid preparers to renew their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire…
The Internal Revenue Service (IRS) has announced that more than a dozen new seminars from the 2020 Nationwide Tax Forums are now available on IRS Nationwide Tax Forums Online. The self-study seminars provide use interactive videos, PowerPoint slides and audio transcripts. Here’s the list of the new courses: Advocating for Immigrant Taxpayers Advocating…
Women only make up one third of the CPA population. But the numbers for people of color are even more scarce. Kelly found that the tax firm industry is made up of about 80% white people, less than 8% Black people, 6% Latino, and 6% Asian American. Those numbers aren’t encouraging. Kelly invites Eric Pierre,…
One of the biggest fears right now for students and recent grads is being able to find a decent job. Job opportunities drastically vary based on the economy. The projected job outlook for 2018-2028 was expected to be a relatively healthy 6%. However, now the numbers are expected to be altered even more due to…
