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when the kids don’t want to take over

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if you didn’t have time pressure, how might your planning change?

by ed mendlowitz
call me before you do anything: the art of accounting

i had a client who had five sons and three daughters who worked in his business. their ages ranged from 28 to 48. i was helping him with exit planning and suggested that i could possibly structure a transaction where either some or all of his children could buy his business.

more: how to waste lunch hour | why you’re only as good as your staff | why tax time is the best time to get new business | becoming a ‘media star’ | don’t pass up opportunities
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he liked the idea and i told him to meet with them and suggest it.
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2020 outlook: non-traditional hires might be the answer

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also: for mergers, it’s a buyers’ market.

by marc rosenberg

there have been four babe ruthian story lines that have driven the cpa industry evolution for 10-20 years.

more: 2020 outlook: focus on business development | innovate and anticipate | balance advisory and compliance | talent shortage drags on | demand is high | business development goes borderless | data import on the rise | becoming the most valuable advisor | top three tips for 2020 success | where do you want to be? | dicey disruptions | upstream mergers | staffing gets creative
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just because they don’t go away, that doesn’t mean that changes aren’t occurring.
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5 tax review keys

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thorough always beats sloppy.

by ed mendlowitz
tax season opportunity guide

don’t be sloppy instead of thorough.

all work has to be reviewed. and clients and others look at it.

more on tax season: 4 reasons to push ahead with tax question research | one can’t-skip touch for tax season | 5 steps for tax season success | help tax clients help you | 3 steps to tax season happiness | 12 ways to have more fun this tax season | bill with the tax return, get paid faster
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sloppy work is always evident and usually incomplete. thorough work is careful and usually complete.
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becoming the innovative firm of the future

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illustration of cloud softwarehow standardized tech stacks can help.

by jody grunden

a large percentage of cpa firms in the u.s. employ fewer than 10 people. leading cpa firms are becoming more consultative, helping companies with more than just financial reporting.

more: creative perks for remote employees | traditional benefits for remote employees | the hidden cost of running a distributed company | how to develop your leadership team | 4 ways to bill clients | automation and the future of accounting | the only three metrics you need to measure staffers
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they are also helping companies improve their margins and advising on industry trends and pending regulations that may have an effect on business. accounting is no longer just financial statements and tax returns, folks!
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treat review procedures like quality control

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number 66 questions to ask yourself.

by ed mendlowitz
how to review tax returns: the field-tested update

the purpose of tax return reviews is to ensure the quality of the return.

more: use tax return prep for training and growth
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

quality should be defined as an accurate product along with pertinent and applicable tax law benefits applied as well as planning opportunities identified so the client can maximize their financial wealth and security. the review should also uncover and eliminate red flags that might cause a notice or audit.
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