Busy Season in Internet Age Equals Business as Usual

The results of a new survey produced by Jupiter Media Metrix, the global leader in market intelligence for the new economy, show that, in spite of increased access to the Internet by U.S. citizens, accountants have little to fear in terms of a reduction of work load during the busy tax season.

Accounting firms are experiencing the spring crush in a way that incorporates long-term concerns about staffing. The number of college accounting majors has dropped 23 percent over the past decade, according to a study prepared by the American Institute of Certified Public Accountants. The expanded education requirements that are becoming commonplace for accountants explain a portion of the declining workforce. The large CPA firms lure the majority of graduates into their workforces by offering perks such as bonuses and education assistance; meanwhile the smaller firms are struggling to find personnel.

In the electronic arena, the number of tax returns prepared online continues to grow, with the TurboTax web site, which provides online tax preparation, reporting an increase in visitors of over 72% so far this spring compared to last year.

Even though the number of taxpayers using online tax preparation services is growing, 38 percent of Internet users plan to utilize the services of a tax professional this year.

You may like these other stories...

K2 Enterprises has announced its 2014 technology awards in 27 categories. The only clear message may have been that there was no clear message in a field marked by many good ideas, but no unanimous winners.The company, which...
We're all about QuickBooks this morning. First, read this late-breaking news from John Stokdyk, editor of AccountingWEB (U.K.), who is attending the QuickBooks Connect conference in San Jose, California. Then, for more...
Technology—specifically internet technology—has a record of disrupting tried-and-true methods of operation in ways that we often don't foresee. Look no further than the recent HBO announcement that they *gasp...

Already a member? log in here.

Upcoming CPE Webinars

Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 12This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.
Nov 18In this session Excel expert David Ringstrom, CPA tackles what to do when bad things happen to good spreadsheets.