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growth strategies

your tax season success plan starts here, now

hayden

now that everyone has (hopefully) had time to recover, there are four important steps to take to help next tax season go as smooth as possible

by christopher hayden
managing partner, hayden nelson & yoder

christopher hayden, cpa, cma, cgma is the managing partner of hayden nelson & yoder, a cpa firm based in pennsylvania, at hnycpas.com.

to avoid sugar-coating it, tax season is stressful. long work hours, back-and-forth with clients and mountains of documents can keep accounting professionals in the office for 20 or more additional hours each week. and this tax season felt extra-stressful with all the tax law changes, not to mention explaining to clients who had huge capital gains why they owed taxes.

but once the busy tax season is over, it’s time to review processes and take action to help the remainder of the year go smoothly.

more: civility goes a long way | don’t overlook office relationships | how to deliver authentic value | why deadlines get missed | five reasons you’re not swot-ready | are you productive or just busy? | accounting is a profession, not an industry
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before that, allow a few weeks to:

  • rest
  • relax
  • recover

make sure to give team members a pat on the back, especially if it’s their first time going through the madness of tax season or they went above and beyond this year.

however, once everyone has recovered enough, it’s time to go through the following steps: read more →

2022年世界杯抽签

tax prep fintech startup: april raises $30 million

after successful tax season, embedded tax platform april raises $30m series a from fintech veterans

the team at april tax solutions inc. with cpa jody padar, seated, far right.

following a successful inaugural tax season, april (april tax solutions inc.), a personal income tax platform that embeds into digital financial apps, announced today that it has raised $30m in a series a round. the fast-growing fintech startup has gained the attention of unicorn founders and leaders in the space, with backing from treasury, a fintech infrastructure-focused fund established by the founders of betterment and acorns. the co-founders have onboarded a team of 30, including renowned cpa jody padar, also known as “the radical cpa,” to head april’s tax group.

in addition to treasury, the round included participation from notable tech investors and financial leaders such as qed, nyca partners, team8, euclidean capital and atento capital. the company has raised
$40m since its launch in january 2022.

read more →

charts & graphs

tech vexes 58% of solos

checklist: the five best ideas for winning the tech wars.

by 卡塔尔世界杯常规比赛时间

solo practitioners enjoy certain privileges. they can set their own hours, pick their clients, work at their own pace, dress in office grunge, nap at will and take their dogs to work.

more in surveys & research:  clients would switch for portals | firms on the brink of big spending | m&a looms large for 30% of firms  |  is remote the new normal?  |  the top challenges in these turbulent times   |  new worlds of opportunity   |  accountants agree: the top five ways to fix the irs   |  survey: firms on the brink of big spending  |  irs audit rates are dropping, and big earners couldn’t be happier  |  six more ways to fix the irs  |  cpa hiring rises as number of new grads continues to decline   |  2022世界杯赛程安排  |  six quick solutions for irs backlogs  |  the big battles ahead for corporate finance

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but when it comes to tech, solos can be challenged. they may know accountancy and their clientele better than anybody in town, but when it comes to tech, they don’t know

  • what’s out there,
  • what’s coming down the techno-pike,
  • how to use new apps and
  • whether the latest stuff is worth paying for.

and they tend to run their hardware into the ground, investing in new tools only when they have to.
read more →

featured

clients would switch for portals

surprised? it comes down to security.

by 卡塔尔世界杯常规比赛时间

the latest data from atomik research’s 2021 client expectations study shows that cpa firms without portals, apps and solid security face a high probability of losing clients.

and not just a few but most.

more in surveys & research: m&a looms large for 30% of firms  |  is remote the new normal?  |  the top challenges in these turbulent times   |  new worlds of opportunity   |  accountants agree: the top five ways to fix the irs   |  survey: firms on the brink of big spending  |  irs audit rates are dropping, and big earners couldn’t be happier  |  six more ways to fix the irs  |  cpa hiring rises as number of new grads continues to decline   |  2022世界杯赛程安排  |  six quick solutions for irs backlogs  |  the big battles ahead for corporate finance

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

overall, a staggering 78 percent of small businesses say they would consider switching accountants to one that uses “the latest technology.”

they aren’t necessarily expecting the latest in accounting software, but a burgeoning majority think an accountant with a portal might suffice to get them to jump the fence.
read more →

charts & graphs

survey: firms on the brink of big spending

economy, pandemic among the causes.

bar chart
the tech spend: some 32% of firms are planning increases in technology budgets, according to this year’s survey. and 63% are continuing to spend as much as during the height of the pandemic. source: accounting firm operations and technology survey.

by 卡塔尔世界杯常规比赛时间
the accounting firm operations and technology survey

after two years of caution and hesitant changes, accounting firms are getting ready to make up for lost time, according to findings from the new accounting firm operations and technology survey.

more survey results: pandemic? what pandemic?  |  m&a looms large for 30% of firms | today’s top 3 tech problems: security, client onboarding and workflow | today’s top 3 management problems: staffing, workflow and tech

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the comprehensive national study of firms of every size says accountants are looking to change practice management, tax, audit, portals, workflow and document management systems. many had been reluctant to change their technologies during the covid-19 lockdown periods.
read more →