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It provides essential services due to the complexity of tax laws and the importance of offering valuable tax-saving advice to clients; and that’s just the tax half of the industry. It offers a buffer against the challenges of recruiting new staff and retaining seasoned CPAs.
According to the American Institute of CPAs, the demand for financial planning services is at an all-time high. Bureau of Labor Statistics predicts that the need for financial advisors will grow 15% between now and 2031. Clients will see that your expertise extends far beyond taxpreparation. In fact, the U.S.
” Per the IRS’s Strategic Operating Plan for fiscal year (FY) 2023 through 2031, expanded enforcement is on the radar for large partnerships and large corporations, with additional focus on the employment tax returns these and other entities file. Will practitioner guidance change?
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