tax pros hold their ground
in shorter season, professional e-filings are down only 5.6%.
by beth bellor
featured
173% increase in irs correspondence backlog
who knew?
by 卡塔尔世界杯常规比赛时间
we all know how the irs works. they send a letter to a possibly delinquent taxpayer who, in quivering fear, returns a response that is slipped through the mail slot in the irs door, where it falls into a shredder that feeds into a massive onsite incinerator. the letter’s ashen remains are then loaded onto a rocket and shot toward alpha centauri, never to be seen again.
more: hunker down: the irs backlog isn’t going away anytime soon | the irs studebaker bomb | imagine irs ‘concierge’ service. just imagine. | irs has recruiting problems, too
exclusively for pro members. log in here or 2022世界杯足球排名 today.
actually, that’s not entirely true. in 2019, irs compliance services collection operations managed to respond to 25 percent of its “inventory” of taxpayer delinquent account correspondence. the other 75 percent was considered “over-aged” after not being dealt with within 45 days of receipt.
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the 9 biggest merger pitfalls
plus 10 common criteria. how do they compare to your list?
by marc rosenberg
the rosenberg practice management library
in all industries, it’s always more difficult to find sellers than buyers. this is certainly true with accounting firms.
more: the managing partner’s role in mergers | how a great managing partner impacts firm growth | compensation is no way to manage partners | clarify partner expectations | exceptional managing partners offer their advice
cpa firm merger consultants and brokers can do a great job finding buyers, but they are limited in their ability to dig up sellers. this is because the vast majority of all mergers and sales take place when buyers and sellers know each other and get together on their own without the help of a consultant.
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survey: 54% of it is outsourced
17% is diy. yikes.
by randy johnston and brian tankersley
the accounting firm operations and technology survey
will new taxes push you to cash out?
it might be time to implement plan b.
by domenick j. esposito
8 steps to great
the new administration faces global uncertainties. biden officials have set the stage for higher corporate and individual tax increases.
more from dom esposito: keep your firm from biting the dust | the six ingredients for firm value | four ways to add $100,000 in new business fees every year | eight steps to small firm survival | no partner candidates? whose fault is that? | prune your firm: ‘rightsize’ managers and partners | how partners fail | ineffective management is hazardous to your firm’s health | profitability requires discipline |
exclusively for pro members. log in here or 2022世界杯足球排名 today.
at the same time, if your midsized cpa firm has not at least started to move away from a general “compliance shop” to either:
- a specialized niche firm that has established a brand in the marketplace that transcends size and locations, or
- a professional services firm that provides advisory/consulting, accounting, tax and assurance services to marquee clients in specialized industries,
its worth or valuation in the marketplace continues to diminish from the historical one times revenue payable upon individual partner retirements over 10 to 12 years.