five ways the new generation of cpas is changing the profession. by gale crosley the radical cpa: new rules for the future-ready firm when cpa jody padar joined her father in his practice after eight years in a traditional mid-market … continued
a dedicated credit card is the solution.
by roman h. kepczyk
quantum of paperless
processing accounts payable is another of the manually intensive processes within the firm’s administrative department that can be significantly streamlined through digital processes.
more on tech spending: automating bank deposits offers instant roi | digital tools streamline audit production | tech tools for today’s properly equipped field audit teams | why firms need document retention standards | digital fax has benefits you may be ignoring | new tech tools for the 24/7 accounting firm | the single best defense against computer viruses | how to choose the right backup system | how to know it’s time to scrap your old server | where laptops rule at cpa firms today | step 1 in building the paperless firm: scanners
consider how many “touches” a single payable creates:
now imagine doing this a hundred times per month, every month. imagine the volume of physical accounts payable vendor files both onsite and in storage, that can be eliminated by storing these images digitally. read more →
39% year-over-year increase in first weeks. next question: the accountants outlook for busy season 2015. join the survey; get the answers. tax professionals e-filed about 5.9 million returns through jan. 30, 2015, up 39.1% from the 4.2 million returns e-filed … continued
it’s a 1.8 percent hike from boom times. we’ll take it.
the u.s. tax, accounting and bookkeeping industries have fully rebounded, surpassing the previous january 2008 peak, 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:
while cheering the recovery, the new employment trends represent intensifying competition for talent, as well as clients.
write your congressman!
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
irs regulations are requiring every business with materials, supplies, equipment and real estate to change their accounting method and file an eight-page form 3115 with their tax return and to mail a copy of the form to an irs group in ogden, utah. this is a sin and a travesty. read more →
manual processing takes 130 hours a year but 63% of firms have found a better way.
by roman h. kepczyk
quantum of paperless
one of the easiest processes to convert to paperless with an immediate roi is the firm’s system for depositing client checks. manually receiving and physically going to the bank to deposit checks can be time-consuming and subject to too many errors.
the manual procedure requires firms
which can easily take a half hour every day, five days per week, 52 weeks per year.
what do you value most?
in “lowballing and why it (usually) doesn’t work,” ed mendlowitz ignited a conversation about getting paid what you’re worth.
it started when two cpas with successful firms told ed about clients balking at paying their bills.
frank stitely took issue with one of the questioners, who had set a $30,000 price, done what he called $44,000 of work and then tried to send an additional bill for half the difference.
“lowballing a proposal and then asking for a higher amount after the work is done screams out to a client that you aren’t a very good business person. if you missed an estimate by a significant amount, it’s on you, not the client,” he said. this can be avoided, he noted: “wildly missing estimates is what happens to people with no time records upon which to base an estimate.”
here are 8 concrete suggestions.
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
question: my largest client does over $100 million in annual sales and accounts for 40 percent of my total revenue. its bank has expressed their concern to me and the client about the existence of a contingency plan for accounting and tax backup in the event of my untimely death or long-term medical issues. this is a very important issue for me and i would appreciate any advice you can provide.
accountants 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…
why 75% of multi-owner firms have already gone to online monthly financial reports.
by roman h. kepczyk
quantum of paperless
improving firm efficiency means that the owners have to get on board. one of the more obvious opportunities is the delivery of the firm’s own financial reports.
too many firms still print a hard copy of the monthly financials and distribute them to each owner, many of whom physically store these documents in their office. read more →
new data from 卡塔尔世界杯常规比赛时间 sources reveals key competitive
comparisons. read more →
developing and monitoring learning metrics. by michael ramos and cate miller accounting is the language of business. cpas help business owners understand and manage their business by analyzing financial and non-financial metrics. to improve the results of the firm’s professional development efforts, … continued
accounting and legal professions mourn loss of pioneering innovator in professional services marketing. by rick telberg 卡塔尔世界杯常规比赛时间 the accounting profession lost a pioneer and innovator when bruce w. marcus died last month. and many of us lost a beloved … continued