Page 5 - Why Presentation .zip

Highlight existing and future issues that our industry face and/or

that an owner, manager, preparer would face

Existing Issues Future Issues

● Seasonal - less than 100 Days in the season ● Seasonal - Shorter Tax Season

● Not able to grow - add more offices ● Efile date delays
● 1% Growth in tax professionals ● Regulatory Changes
● 23% Increase In DIY Software use ● New Tax Code and Law
● High Tax Preparation Fees - Eroding Pricing ● Hiring and recruiting tax professionals
● Lack of Transparency ● High Tax Preparation Fees - Eroding Pricing
● 88% Increase in Identity Theft ● Raising long-term revenue
● Software Security Breach ● Reduction in Dollar Per Hour Proposition
● Reduction in Dollar Per Hour Proposition ● Reforming corporate taxation
● Increased Cost Lower Margin ● Revising treatment of low and middle income
● Increase in Audits earners
● Increase in Tax Preparer Penalties ● Disruptive Technologies
● Tax Code Change ● Civil and criminal preparer penalties
● Demographic shifts, technological change, greater ● Taxpayer Audits
urbanisation and climate change/ resource ● Demographic change
scarcity