News & Observer: Tax Preparers Face Lean Times in Triangle:

The down economy is hurting yet another industry: tax preparers. A number of independent tax services and accountants, as well as national firms such as H&R Block and Jackson Hewitt, report that business is flat or down from last year.

The culprits? The growing popularity of tax software, fewer refund anticipation loans, an abundance of free help and high unemployment.

Christopher Barry is among the new breed of do-it-yourselfers. In past years, the 39-year-old physician assistant paid an accountant $500 or so to prepare the joint federal and state income tax returns for him and his wife, Ashley, a research scientist. But in January, he paid about $40 for TurboTax software. …

Industry leader H&R Block reported last week that the number of returns prepared by its retail outlets was down 9.4% through Feb. 28, in part because of the shift to do-it-yourself returns. … On Thursday, Jackson Hewitt Tax Service estimated that its returns will decline 17% to 19% this season.