There’s a shortage of accountants in the U.S. Here's what to do if you can’t find one for tax season
Publishing timestamp: 2024-01-25 10:16:38
Summary
The article discusses the declining number of accountants and certified public accountants due to fewer college students graduating with accounting degrees. This can make it harder to find tax help, especially in certain areas or specialties. The decline in accountants is attributed to factors such as fewer students pursuing accounting degrees, the reputation of long work hours and stressful deadlines in the field, and the declining birth rate. The article also mentions changes to the CPA exam format to address the decline in new professionals in the field. It provides suggestions for finding tax help, such as hiring enrolled agents, using tax filing options online, and utilizing IRS programs for free tax return preparation. It also advises negotiating for help later in the year if a CPA is not accepting new clients during tax season and provides information on filing for an extension. The article emphasizes the importance of organizing documents and not burdening tax preparers with additional tasks.
Sentiment: NEUTRAL
Tickers: CASS,
Keywords: government taxation and revenue, united states, cass information systems inc, social issues, business news, products and services, personal finance, government and politics, tax planning,
Source: https://www.cnbc.com/2024/01/25/heres-what-to-do-if-you-cant-find-an-accountant-for-tax-season.html