three secrets of high-growth accounting firms

the most successful firms have a lot to teach the rest.

by sarah johnson dobek
inovautus consulting

when it comes to accounting firm growth, there is a distinct gap between the growth rates of the best-performing firms and the rest of the pack.

more dobek:   |  five ways to grow new service lines  |  how crisis illuminates your biz dev skills   |  how crisis illuminates your biz dev skills  | how crisis illuminates your biz dev skills | don’t confuse marketing with biz dev  | do you ask the right questions to deepen client relationships?  | advisory services: real commitment or just talk?  | covid: learning how to operate in the new normal

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an ipa survey reports the top firms are growing at a rate of 7%, compared to a paltry 2.8% for the average accounting firm.

  • how do these firms grow at such a higher rate?
  • what’s their secret?

we see three things high-growth firms do that average firms don’t. read more →

the real reasons small businesses love their accountants [infographic]

screen shot 2015-01-28 at 10.39.02 pmaccountants relieve their worst headaches.

卡塔尔世界杯常规比赛时间 sources are reporting on how much time and money small businesses spend each year on accounting and tax preparation and each month on payroll administration.

the data should support practitioners’ value proposition to small business owners: some 40 percent say bookkeeping and taxes are the worst part of being in business.

owners were also surveyed on their opinions of the most burdensome small business management tasks. next time you talk to your clients — or prospective clients — these pain points might be worth including in the conversation…

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unhappy client? 5 constructive approaches

drawing of unhappy face and arrow pointing from it to happy facewith the right approach, you may be able to save the relationship.

unhappy clients won’t tell you they have a problem; they’ll simply move their business elsewhere.

so, if a client gives you a chance to repair a bad situation, take it.

here are a few tips from maribeth kuzmeski, author of “the connectors: how the world’s most successful businesspeople build relationships and win clients for life,” to keep your business relationships from going bad — and rescue those that have started to sour:

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the 3 reasons firms are migrating to digital timesheets

stopwatch on budget numbers in blue toningbut staffers need convincing and partners are still the biggest slackers.

by roman h. kepczyk
quantum of paperless

studies done over the past two decades have clearly shown that there is a significant improvement in realization for firms that enter, release and post time and expenses on a daily basis. this process allows for daily or “hotel” type billing, which is sent out with the completion of each billable project.

as many as 32 percent of firms today are still using manual billing sheets, while the rest of the industry is preparing the majority of invoices on screen, according to a survey of 300 multi-owner firms.

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what goes in a client’s permanent file?

ed mendlowitz cpa the practice doctor q and awe’ve found at least 50 items. what would you add?

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: what type of information should be kept in, or as, permanent files?

response: a permanent file should be maintained for each of your clients. this would include the following:

  1. engagement letters
  2. representation letters – i would keep these in the permanent file. an example is that a claim could be made after you no longer have the work paper file associated with the matter. this is especially so with estate planning consultations where a claim could arise many years after a gift tax return was filed. i would keep copies of crummey letters in the file for the gift tax returns, if it is your practice to obtain copies of such letters read more →