bissett bullet: speaking their language
today’s bissett bullet: “identifying an ideal client and sharing …”
by martin bissett
see more bissett bullets here
special
ten ways to have more energy this tax season
pssst … feel free to keep these habits going afterward, too.
by sandi leyva
the complete guide to marketing for tax & accounting firms
is keeping a high energy level a challenge for you? here are a few tips to revitalize your personal energy. some of these are very simple, so simple you may think they won’t do anything for you.
more: are you crossing off your business bucket list? | three money leaks and how to plug them | eleven ways to serve clients even better | eight ways to build busy-season stamina | make your prospect kit stand out | six ways to beat the competition grow your revenue with three marketing strategies |what can chatgpt do for accounting professionals? | generative ai: should you avoid it or adopt it? | want better clients? here’s how | get your name in the news | four ways small firms can beat large ones
exclusively for pro members. log in here or 2022世界杯足球排名 today.
as you read, check to see which ones have slipped from your current daily routine. in that way, you’ll discover how to change your routine to gain more energy.
1. drink plenty of water. a large amount of the aches, pains and low energy we have these days is because we are not fully hydrated. keep a glass of water on your desk at all times and drink up.
read more →
10 tips to the irs for beefing up staff
guess who has the federal government’s worst retention rate for employees under 40?
by 卡塔尔世界杯常规比赛时间 research
if you think it’s hard staffing a cpa firm, imagine the challenges at the internal revenue service where
- the pay’s not so good
- laws limit bonuses
- it takes three months to hire an applicant
- federal bureaucracy gums up the process
- the hiring process uses antiquated technology
- only a remote office can authorize many hires
more: eight ways the irs can speed up processing tax returns | irs plays whac-a-mole with the phones | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep | how tax practitioners became cybersecurity risks
- the recruitment and retention budgets are austere
- training programs, spaces and equipment are inadequate
- more than 100 full-time positions need to be filled every day
- over half of employees will be eligible to retire within five years
the taxpayer advocacy service says the irs needs to deal with these problems, and it’s going to take money, effort, technology and legislation to get it done.
read more →
six types of person: which are you?
use the answer to help define your business and your future.
by ed mendlowitz
tax season opportunity guide
is your practice satisfying?
do you like it the way it is, or do you want it to develop and grow? some people like the way things are and don’t care about change.
more on tax season: answer these two questions first | help your tax clients, help yourself | what’s your value to your tax clients? | are you excited about tax season?
if you’ve gotten this far, i would suggest that you do care about change, and change means you have to do some things differently.
read more →
three examples: pricing your bos value add
how to take that big first step.
by penny breslin
it’s not just the numbers
the big part of pricing is the value added. how do we go from fixed to value-added pricing where the firm actually can really make a difference and move from just back-office support to client advisory services? the steps to get there mean providing the base of bos so that you have the needed knowledge to perform client advisory services.
more: how to assess needs for a client proposal | how to maximize on-site client meetings | sixteen guidelines for naming conventions | you have to manage three kinds of procedures | tech tips for back office support | decoding accounting tech (and all those acronyms) | digital marketing strategies level the playing field | eight tasks to delegate today
the u.s. bureau of labor statistics states that about 20 percent of small businesses will fail in their first year and by the end of the fifth year 50 percent will fail.
read more →
tack one launches new location tracker for children and seniors
lost keys, earbuds, phones … people … might be a thing of the past.
by rick richardson
technology this week
tack one, a singapore-based startup, wants to help ensure your kids, elderly parents and pets are safe with ai-powered location technology. recently, the company unveiled its new generation of gps device, tack gps plus.
more: mit tests new ingestible vital signs sensor | telehealth advances with ai-powered clinics | fcc approves superfast wi-fi tethering | major websites blocking content from ai crawlers | printer ink: not just expensive, but a blatant scam? | generative ai coming to microsoft 365 | electronic skin that can sense touch will transform robotics | chatgpt passes cpa exam on second try | stanford scientists 3d-print heart tissue | four of today’s new technologies that will be tomorrow’s ‘norm’
the startup launched its gps tracker in 2021 to address the frustration of the short battery life on the market and lower the tracking service cost, making location tracking extremely affordable. tack one’s battery lasts 30 days on a single charge, and its subscription fees start from $2.95 monthly for a two-year subscription plan.
eight ways the irs can speed up processing tax returns
some of the fixes will require software updates, but some are simpler.
by 卡塔尔世界杯常规比赛时间 research
national taxpayer advocate erin m. collins has determined that delays in the processing of tax returns is one of the most serious problems at the internal revenue service.
millions of americans couldn’t agree more.
more: irs plays whac-a-mole with the phones | ten irs problems that need solutions | treasury ig sees progress at irs | vcs plunk $60 million into ai-powered ‘autonomous’ tax prep | tax pros are expanding and earning more | with fresh funding, irs shows service improvements | how tax practitioners became cybersecurity risks | top tax vendors caught red-handed selling private taxpayer data
collins’s 2023 report to congress is more than a detailed kvetch. it’s also a buffet of solutions – some that the irs could effect, some that congress needs to legislate.
she offers several solutions to the problems with processing. here are the main processing problems and their solutions:
read more →
three ways to start an accounting practice
plus a dozen tips for once you get there.
by ed mendlowitz
202 questions and answers: managing an accounting practice
question: i am working for a cpa firm, but would like to start my own practice. can you give me some suggestions?
more: fifteen strategies for first-time supervisors | no one listens to you? change how you talk | 47 types of business valuation to provide | thirteen things to consider before you sell your practice | uncooperative partner might not be the problem
response: essentially, you have three options (four if you count my pet project, but i won’t belabor it).
read more →
your wealth management team needs these five people
details on each, plus 10 other specialists to consider for occasional circumstances.
by anthony glomski
entrepreneurs and other successful people typically have complex and varied financial needs. the most successful among them typically work with five key professionals on a regular basis (see below). these are the experts who have the capabilities to solve the majority of the investment and advanced planning issues your clients are likely to face as they pursue the next stage of their lives:
more: wealth management calls for a team of experts | how a virtual family office can serve your wealthy clients | is your client’s wealth truly protected? | control the level of risk | how to flip the switch to wealth preservation | three ways to work together on wealth | how to implement collaborative wealth management | five challenges of liquidating a business
- wealth manager
- private client lawyer
- accountant/cpa firm – ideally, a firm large enough to have multiple partners and a deep bench
- life insurance specialist, who is knowledgeable about current estate tax mitigation strategies
- property and casualty specialist
expert #1: wealth manager. wealth managers who use the collaborative wealth management process we’ve described focus mainly on helping investors grow and preserve their wealth through the investment consulting process. then, to help clients meet their advanced planning needs, these wealth managers develop strong relationships with the other professionals listed below.
read more →
ai means clients need you more than ever
four ways to prepare.
by hitendra patil
rise of the aiccountants
we have discussed that ai-powered functions will become more potent with time. it will not feel like an overnight apocalypse, provided you are keeping yourself abreast of the progress of artificial intelligence in the accounting profession.
more: seven changes ai brings to accounting | humans beat ai in some aspects | why accountants should embrace artificial intelligence | ai brings opportunities for accountants | seven things you must know about ai
but how exactly can you prepare for the era when ai metamorphoses your work?
before entering the new ai-powered era, let us figure out what is happening now.
read more →
accounting jobs back on the rise
tax prep is an exception.
by beth bellor
the accounting profession has regained some ground in the most recent jobs data available to 卡塔尔世界杯常规比赛时间 research. there are 1,162,100 people employed in the field, up 4,400 or 0.4 percent for the month and 30,400 or 2.7 percent for the year. the figure is just 1,200 shy of the record set in july.
more: staff wages hit record high | despite staffing crunch, firms freeze pay raises | tax & accounting firms grow for 9th straight month | tax & accounting profession grows, but wages don’t | tax and accounting pay advancing at 5.9% pace | accounting jobs up 4% for year
nationally, overall employment – total nonfarm payroll – increased by 216,000 the same month, pegging unemployment at 3.7 percent. professional and business services added 13,000.
accountants are putting in 36.2 hours weekly – the highest mark since october 2022 – up half an hour or 1.4 percent for the month and 12 minutes or 0.6 percent for the year.
read more →
bissett bullet: remember the golden rule
today’s bissett bullet: “please do not talk to your clients and prospects about services …”
by martin bissett
see more bissett bullets here
are you crossing off your business bucket list?
if you don’t dream big, who will?
by sandi leyva
the complete guide to marketing for tax & accounting firms
do you have a business bucket list?
more: three money leaks and how to plug them | seven steps to keeping your clients forever | give to receive, and eight more ways to boost sales | five things that clients don’t know about accountants | five ways to wow your clients | how to fight feeling overwhelmed | you’re missing 60% of your revenue | beyond compliance: six tips for adding value | another year, another chance
did you see the movie “the bucket list”? morgan freeman and jack nicholson played men who didn’t have too long to live. they each wrote up a bucket list, a list of things they wanted to do or accomplish before they kicked the bucket (as we say in the south).
read more →