something cool: mind-mapping the big four scandals
it started as a rivalry between two brothers.
one of them worked at one of the big four (still does). and he was always making jokes about the other firms’ scandals.
here’s what you’re looking for: 卡塔尔世界杯常规比赛时间 research
e-filing by tax pro’s down by 527,000 returns
it’s better than last week’s 704,000-return deficit.
but irs data shows the professional tax preparer industry is still running behind year-ago rates, with 48.8 million returns e-filed in the latest week, compared to 49.2 million in the year-ago period. read more →
making time in tax season for extra work
by ed mendlowitz
top 101 practice management answers
question: it is tax season and i am very busy, but many clients need financial planning advice and i want to make it a separate engagement for after tax season. what can i do now to get the work? read more →
is the profit squeeze over?
new trends emerge in net profit margins and accounts receivable.
after years of intensifying and debilitating pressure on bottom lines, profits at tax, accounting and bookkeeping firms appear to be hitting 10-year highs, according to information obtained by 卡塔尔世界杯常规比赛时间 from sageworks, the specialist in tracking private-company financials. read more →
the 3 traits shared by 150 top managing partners
what successful managing partners do
by robert j. lees and august j. aquila
how to engage partners in the future
the problem is that in the majority of cpa firms there is no clarity around what being a managing partner actually entails and, specifically, what managing partners should do to create and sustain their partners’ commitment to actively participating in delivering the firm’s future.
our research involving in-depth interviews with 150 managing partners at the world’s leading firms identified that the truly successful managing partners share three key activities: read more →
overcoming the roadblocks to innovation
6 reasons why innovation is so difficult at accounting firms and 6 practical ways to launch new money-making ideas.
by august j. aquila
creating the effective partnership
the mantra over the last few years has been “change or die.” so, why is it that professional services firms, especially accounting and law firms, have found it so difficult to embrace change, innovate and spend time and resources on research and development in order to build a stronger future?
here are six reasons why firms fail to innovate: read more →
tax pros losing market share to self-filers
do the math: pro market shrinks by 2 points.
the nation’s tax professionals have e-filed fewer than 44 million returns through march 21, off 1.3% or 571,000 returns, from the same point past year, while self-filers are running 5.9% ahead of last year, having transmitted 31.7 million returns.
do the math and you’ll find professionals’ 60% share of the e-filing market last year has slipped to about 58% – a seemingly small amount that, nevertheless, translates into hundreds of thousands of returns and millions in lost revenues. it’s a trend that shows no sign of slowing or reversing, according to 卡塔尔世界杯常规比赛时间 analysis.
how to use compensation to keep partners engaged
the 9 essential elements for a successful partner comp plan.
by robert j. lees and august j. aquila
creating the effective partnership
every compensation plan should be constructed to help the firm achieve its strategic goals, including servicing its clients and attracting and retaining the right people. read more →
tax professionals running behind year-ago by 704,000 returns
is it part of a trend?
what’s the future of the tax business?
click here to join the survey; get the results
the irs says it has received more than 75 million individual tax returns as of march 14 and projects that it will receive about 149 million individual income tax returns by the end of the year.
see also:
- irs emerges as major tax season competitor
- tax season price wars
- how tax pracs battle new fee pressures
- is the tax prep business topping out?
- tax season metrics shift for the better
- tax pro filings running behind year-ago
- checklists: the secret of a profitable tax season
- tax professionals lag last year in early filing
- the billion-dollar business hidden in accounting
- seven busy season success secrets
- accountants’ top tax season 2014 success goals:
(1) getting new clients and (2) leveraging technology
the 14 rules for what being a partner means
plus: 4 keys to tie pay to performance.
by robert j. lees and august j. aquila
how to engage partners in the future
partners are the culture in a professional service firm – what they believe, what they reward, what they do and how they do it determines what and how things get done. partners are the owners – they, and they alone, are responsible for the firm’s vision and its implementation.
being a leader means each partner must: read more →
sound off: self-prepared returns invite errors, fraud, intentional and otherwise
is it an opportunity for tax professionals or a “scam on the public?”
in irs emerges as major tax season competitor, rick telberg’s suggestion that the irs is stealing business from tax professionals by offering clients free software apps is setting off a flood of comments. join the pro member conversation. read more →
irs emerges as major tax season competitor
irs marketing to 100 million taxpayers for free filing.
by rick telberg
卡塔尔世界杯常规比赛时间
if you’re wondering where some of your tax business went this year, maybe the irs took it.
professional tax preparers are missing about 769,000 returns, compared to last year – business that appears to have gone to former or would-be clients now using do-it-yourself software. at typical rates, that’s about $153 million in lost fee income to the industry, enough to support thousands of practitioners, according to 卡塔尔世界杯常规比赛时间 estimates.
new surge in wages, hours, hiring
the u.s. tax, accounting and bookkeeping industries are turning out to be one of the brightest spots in the nation’s economy, adding jobs faster than all but a handful of sectors, according to 卡塔尔世界杯常规比赛时间 sources.
here 卡塔尔世界杯常规比赛时间 reports on:
- current hiring trends in each of the bookkeeping, tax, payroll and cpa segments of the industry.
- average hourly wages for key segments.
- typical hours worked per week.
- and trends concerning women in the accounting workforce. read more →