special

chase birky: overcoming paralysis by analysis

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be the author of your own story and chart a path not subject to the control and opinions of others.

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transformation talks
with bill penczak
center for accounting transformation

center for accounting transformation
center for accounting transformation

entrepreneurs in the accounting profession are rare, according to chase birky, president and ceo of dark horse cpas. and he should know.

he had to take an uncomfortable step outside of his own comfort zone to become one.

more: secret to success? a growth and abundance mindset | o.d. lanier: stepping into advisory | from tax to transformation | early adopters gain an edge in audit | why the future is in risk advisory | four strategies for a future ready firm
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

after starting out in audit at a big 4 right out of college, he decided it was no longer what he wanted to do.

“i started an audit specifically, you know, not really having a great idea of what audit truly was, you know, because you take the courses in your undergrad, and you know, you have a section of it on the cpa exam,” birky explained. “but what that material is versus what the job is, you know, are two very different things.”

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irs has big plans for its $80 billion

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the cbo projects $180 billion more in revenues.

by 卡塔尔世界杯常规比赛时间 research

the irs has revealed its strategic operating plan for fy2023-2031, the period when the service will expend the $80 billion infusion granted by the inflation reduction act.

more: can’t irs tax pro accounts do more? | hello? irs? anybody home? | taxpayer assistance centers need upgrade | at the irs, short on staff means short on service | why the irs is still doing data entry by hand | news on irs is maybe sort of a little bit good
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the sop is big, but is it big in the right places?
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six ways cas grows revenue

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businessman ogling money over another's shoulderbonus: results of a professionwide survey.

by hitendra patil
client accounting services: the definitive success guide

the cloud makes it possible – no, it makes it inevitable – for smart business owners to focus on their core business and let professional accountants take care of accounting, including transactional work (to be done accurately).

more: get sticky with cas | the why behind your cas why | who is the professional?
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this new possibility gives rise to cas opportunities for accountants to work in collaboration with business owners in real time.
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how do firm leaders learn?

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the four essential pillars for continuous learning

by w. michael hsu, cpa

as a firm leader, you know that you need new software, services, processes, and tactics…something that is going to take your firm to the next level. but how do you get there?

more w. michael hsu: seven principles to work less and achieve more | how do firm leaders learn? | why your approach to cas and cfo services is wrong | when it comes to pricing, it’s about ‘can’t afford not to’ | your client base is global |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the tools and processes you use to get you to the next level have to come from or are signed off by you. so, who is teaching you? if you took the leap into a new service area and don’t know where you will land, you can’t turn to staff. they are looking to you for the answers.

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adobe announces “creator-friendly” generative ai tools

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how can ai overcome copyright infringement issues?

by rick richardson
technology this week

adobe has unveiled firefly, a new suite of generative ai tools it hopes will encourage more design professionals to embrace rather than fear this cutting-edge technology.

why it matters. as generative ai has swept the globe, artists have had difficulty adapting to it. while some view it as a useful tool, others see it as a threat to jobs and a kind of thievery.

(wait, where have we heard that before?)

more tech this week:  chatgpt: what it is. why you need to know. | russia-linked ransomware back with a vengeance | amazon aws: the mainframe killer? | amazon launching its first internet satellites | russian solarwinds hackers at it again | nasa finds a $10 quintillion asteroid | firms must balance benefits, risks of emerging technology | microsoft and google go to war
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

adobe wants to address two obstacles that are preventing business usage of the technology with firefly: worries about copyright issues and the absence of professional-grade tools.

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waiting to exhale (i.e., can april 19 hurry up?)

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make the days leading up to the tax deadline less stressful with these apps. calm balanced businessman sitting outdoors on bench in yoga lotus pose meditating, with office building and blue sky in background

by beth ziesenis
app of the week

if you’re reading this, then you’re probably not surprised april is stress awareness month. it was created to bring attention to the effects of stress and so we can all collaborate on ways to find relief.

more apps of the week:  make your computer a clean slate | recycle and repurpose old devices | enlist ai for more productive meetings | keep teams on task with project management apps | apps to put your affairs in order | app of the week: celebrate black business month | app of the week: cheap flights | help your clients save money | time to upgrade your spreadsheets | app of the week: secretly stash cash | easy apps for increasing client engagement with video | app of the week: grow your business knowledge and career skill sets | app of the week: upgrade your resume | app of the week: end procrastination | 
see all: apps of the week here |
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

while stress can manifest itself in a variety of ways, there are a few that are most common.

“stress that’s left unchecked can contribute to many health problems, such as high blood pressure, heart disease, obesity and diabetes,” according to mayoclinic.org.

well, app lovers rejoice because tech is available that’s designed to help you pay attention to your most valuable asset: you.

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ten steps to a new managing partner

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three people standing, smiling and talking in an office walkwayhow to execute a smooth, graceful transition.

by august j. aquila
what makes a great partnership

one of the most difficult events that a firm faces is the transition of power from one managing partner to another, especially when it’s the first time. knowing when to pass the baton and how to pass it are critical decisions every firm will have to make.

more: five ways to keep your edge as a leader | five reasons that leaders fail | eleven things partners must do | seven keys to becoming an equity partner | how to achieve partner unity | the seven building blocks of a great partnership
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the most important thing you can do at this point is to plan, plan and plan some more for the transition. the sooner you lay out your plan, the easier it will be for you to achieve it.
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leverage your client list today

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smiling woman using smartphonedon’t wait for that clever newsletter to be finished. (started?)

by sandi leyva
the complete guide to marketing for tax & accounting firms

one of the most valuable assets i have is my list of clients. i wouldn’t be in business if it weren’t for my clients, and i am grateful for each of you every day.

more: five skills for emotional mastery | why you need a link-in-bio tool | transform your marketing with crm | five kinds of small thinking | five tests: how open are you to change? | maybe price isn’t the problem | three thoughts for a quiet morning
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

keeping a formal list of clients and subscribers in a list management system is often overlooked and frequently underutilized, especially in our industry. there are a couple of reasons for this. one is that some accountants are just beginning to understand the five big revenue-building reasons to understand the power of email marketing.
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how partner and staff actions impact profits

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seniorbusinessman5others_a-31774-629six specific examples, plus benchmarking norms.

by marc rosenberg
how to bring in new partners

these four metrics are key to any analysis of cpa firm profitability.

  1. fees per equity partner. the firm’s billings divided by the number of equity partners. this is one of the ways we measure leverage. the more billings each partner can manage, the higher the firm’s profit margin.

more: the business side of cpa firms | public accounting as a business, 101 | 16 steps to creating a partnership path | six ways new partners differ from managers | the four essentials for every new partner

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

on average, partners do 10-15 percent of all work performed for clients; the remaining 85-90 percent is performed by staff under the partners’ supervision. the higher the percentage of client work the partners perform, the harder it is for them to find the time to build their client base and help the firm achieve a high fees-per-partner ratio. to manage a large client base properly, partners need to delegate as much of the client work as possible to staff.

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seven benefits of tax comparison schedules

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so many people can learn from them.

by ed mendlowitz
how to review tax returns: the field-tested update

tax comparison schedules or worksheets are a very effective tool to use to review returns. they provide an easy-to-view comparison with the prior year and most show the year-to-year differences. they are part of every tax preparation software program.

more: nine methods to reduce tax review time | the last thing a tax reviewer does | what makes an excellent tax return reviewer | 10 errors that ‘smart’ scanners make | the best way to review a tax return | why you can’t skip checklists | how to turn tax returns into new business

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

most comparison schedules show the major categories of income, deductions, tax breakdowns and balances due or to be refunded. i suggest that reviewing the schedules or worksheets should be a first step to get a handle on the return, the large items, significant differences and the net bottom line effect.
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get the most out of your client meeting

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woman listening to man across deskbonus: a case study of what not to do.

by penny breslin
it’s not just the numbers

“we can evade reality, but we cannot evade the consequences of evading reality.” – ayn rand

the reality is that the robots and ai are here, and they will eventually take over much – if not all – of the day-to-day work that is typically done by a human interacting with a computer. you may not like it, but you cannot avoid it. so utilize robots to make your life easier.

more: why bos calls for flat rates | four steps for controlling source documents | how to use onenote to create a firm playbook | how to develop procedures for bos | top tech tools for building your new bos business | choose your little black dress of technology
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

prepare for your meeting

do your homework before going out to the client’s office. if this is an existing client where you have been doing standard compliance work, review the data in their accounting program and make sure you are working with up-to-date information. if this is a new back office support prospect, ask to review their accounting data before going out to their offices. if they are not open to this, it may require an extra visit. the steps below assume you have either worked on the client’s accounting in some capacity, or you have had the opportunity to review the accounting files.
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trump indicted. and, yes, there’s a tax angle

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download the indictment (pdf)
download the indictment (pdf)

“the participants also took steps that mischaracterized, for tax purposes, the true nature of the payments made in furtherance of the scheme.”

read the indictment and the statement of facts for yourself

statement by district attorney

district attorney bragg announces 34-count felony indictment of former president donald j. trump

  • the charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty. all factual recitations are derived from documents filed in court and statements made on the record in court.

manhattan district attorney alvin l. bragg, jr. today announced the indictment of donald j. trump, 76, for falsifying new york business records in order to conceal damaging information and unlawful activity from american voters before and after the 2016 election. during the election, trump and others employed a “catch and kill” scheme to identify, purchase, and bury negative information about him and boost his electoral prospects. trump then went to great lengths to hide this conduct, causing dozens of false entries in business records to conceal criminal activity, including attempts to violate state and federal election laws.

trump is charged in a new york state supreme court indictment with 34 counts of falsifying business records in the first degree.

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win your first client: yourself

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screen shot 2015-01-16 at 8.11.40 amdo you project confidence?

by martin bissett
the martin bissett practice growth system

winning your first client is all about understanding why someone would buy from you before you ever speak to them, before you ever meet them before you ever start the preparation for talking to them.

more: where is your next money coming from? | forged in fire: the pains of leadership | a lesson in customer service and reputation | prioritize your prospects | good enough is not enough | consistency is key to business development
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this discipline too often goes unexplained by most sales training programs offered to the accounting profession, but ultimately we have to be comfortable with who we are and the value that we offer.
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