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...

Event Date: August 28, 2014, 2 pm ET Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to...
When you’re running an accounting office, it's easy to become inundated with paper, forms, and email attachments, especially when tax season rolls around. To prevent your office from becoming completely overwhelmed...
It's not a reality—yet—but accounting software is poised to eliminate accountants. We are at a tipping point for many similar professions: online education replacing professors, legal software replacing...

Upcoming CPE Webinars

Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.
Aug 20
In this session we'll review best practices for how to generate interest in your firm’s services.
Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.