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how clients should gather their papers for taxes

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woman holding paper at deskthey don’t have to eat the rhino all in one bite.

by barry j. friedman, cpa
industrynewsletters

don’t let your clients find themselves frantically searching for information they need to file their tax returns at the last minute. help them reduce filing difficulties and possibly their tax bills by knowing what documents to have at your fingertips.

more: charitable giving under tcja | gifts to charity: 6 facts about written acknowledgments | yes, home equity loans may still be deductible | how to talk to clients about ‘basis’
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most of the papers they need to document the income, interest and withheld taxes they report arrive in your mailbox in january, with investment-related 1099s often coming in february. they can get ready for that arrival by creating print and online folders. it’s a good idea to create a paper and an email tax folder for messages relating directly to tax information.
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2019: tech isn’t the problem. it’s the solution

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dobek
dobek

sarah dobek foresees new leaders, new services, new clients.

by rick telberg
the rosenberg survey: national study of cpa firm statistics

it may seem too obvious to bother mentioning, but the accounting industry, from audit firms to tax prep to corporate finance, is in the process of transition. but too many managers think that just means technological transition.

more from the map survey: 2019: more focused training | 2019: expect more alliances | 2019 trends: client service changes | 2019: shifts in hiring & office space | 2019: firms grapple with change | staff policies improve, but not mentoring
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technology may be behind a lot of the transition, but technology itself is not the transition. it’s the enabler of transition.

sarah dobek, president and founder of inovautus consulting, has identified numerous interwoven transitions in process, some already peaked and passing, others coming down the pike.

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firm security needs an independent review

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who needs cybersecurity training? your whole staff.

by roman h. kepczyk
quantum of paperless

going “paperless” means that all firm files and client data will be digitally stored on the firm’s network, which is almost always accessible to firm personnel via internal workstations and remotely via the internet.

more: survey: digital audit confirmations not the norm | training that works | survey: 61% of auditors commonly use data extraction tools | survey: firms divided on esignatures
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the firm has a fiduciary responsibility to protect this data from anyone not specifically authorized to view it. proper security is very difficult for any internal network administrator to guarantee as few have the experience and have participated in ongoing training to implement security settings optimally the first time.
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2019: three new trends to watch

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after profitable years, here’s where to invest.

by carl george
the rosenberg survey: national study of cpa firm statistics

for the most part, it was a very successful year. profitability improved enough that allowed partners and employees to share in the increases, and ample allocations were made for investments, primarily in personnel benefits and technology. growth in net fees ranged generally from 5-9 percent, so many firms are experiencing top- and bottom-line growth.

more from the map survey: 2019: why small firms shun mergers | 2019: using m&a to launch consulting | 2019 trends: client service changes | staff policies improve, but not mentoring
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there are three trends developing that will benefit firms for many years to come:

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