listening: how a conversation works

man in business suit listening attentively to coworkerit’s the best way to create a sense of trust.

by steven e. sacks
the new fundamentals

you have probably heard the aphorism, “god gave you two ears and one mouth, so you should be listening twice as much as speaking.”

more: make news, not noise | have a real-life conversation | is your message open to interpretation? | why proper communication is critical | how to create effective internal communications | trust is a key organizational ingredient | real influence vs. immediate gratification | 4 ways to boost job satisfaction
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it, therefore, stands to reason that if you intend to listen, you should know how to manage a conversation. one of the quickest ways to create an obstacle to a two-way conversation is beginning a sentence with words that will elicit only a “yes,” “no” or “i don’t know.”
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building a high-net-worth practice during covid-19

woman and man wearing masks, looking at laptopthe four types of professionals … and which one you need to be.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

over the last decade with rising markets and the ranks of the wealthy swelling, it has certainly been possible to build a $5 million high-net-worth practice.

more: the essential process for building a high-net-worth practice | what the wealthy need | setting financial and practice goals during covid-19 | 4 components of a high-net-worth practice | life insurance as part of wealth management | mistresses, mister-esses and accountants | the coming boom in tax services for the super-rich
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even with soaring competition, using the very same approach as we are discussing, you could have consistently generated those kinds of revenues or better.

so, what is the difference today? the difference is covid-19.
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hate billing? use a different method

businessmen standing on dollar billwhat services do your clients value the most?

by jody grunden
building the virtual cfo firm in the cloud

when i attend cpa conferences across the united states, i often hear from cpas: “i don’t want to bill for my time.”

more: protect client files from cyberthreats | boost efficiency with tech stacks | the only 3 metrics you need | how we sell audits online | 3 steps to better client communication in a crisis | four key financial metrics for growing any business | transferring clients to a new employee
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so, how do you bill your clients?
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how are you programming your mind?

calm balanced businessman sitting outdoors on bench in yoga lotus pose meditating, with office building and blue sky in backgroundmeditation is one way, but there are others.

by bill reeb

your mind is the most powerful resource available to you. it is easy to think of it as a supercomputer, running your physical being: constantly compiling data, processing complex transactions, creating internally revealed reports and so on.

more: have your beliefs stopped serving you? | your obligation to yourself | work smarter, not harder | why we risk change | learn to embrace failure | what would make you happy? | do you have a goal or just a speed?
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we know through research that most of us barely tap into our brain’s full capability, so it is also not hard to get complacent and deem the brain to be some magical organ that we just hope keeps running properly. as well, it is easy for us to get comfortable interacting with our minds as if we were only data entry operators rather than the brain’s lead programmer.
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is it time to hire a marketing consultant?

two masked people meeting in an officefour questions to ask yourself first, plus 10 more things to know.

by marc rosenberg
cpa firm growth: keys to practice development

many firms struggle with revenue growth for many years and then, reach the point when reality sets in: the partners recognize they don’t have the skills or the desire to be active and effective at business development.

 

more: how and why to hire a marketing director | marketing plans and why you need one | working business development into your day | how marketing systems produce business growth | 6 keys to developing new client prospects | protect and grow existing clients | 19 takeaways from the history of cpa firm practice development
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many of these firms decide to hire a marketing consultant to jump-start their marketing and get them on a path to growth.

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three w’s for networking the right way

people standing, holding food and talkingwho, what and where: the keys to smarter networking.

by ty hendrickson

do you ever feel frustrated that you put yourself out there in networking situations, but you just don’t see the results you want?

more: the one big reason your hiring sucks | 5 crucial areas of firm culture not to ignore | maybe the pandemic isn’t all bad | can you really grow without adding clients?
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so, what’s the secret to being efficient with business development and not getting burnt out on all of these after-hours networking events?

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the essential process for building a high-net-worth practice

businessman working netbook outdoors, wearing sunglassesvital to coping with the covid-19 crisis.

by anthony glomski and russ alan prince
your $5-million high-net-worth practice

a lot goes into building a $5 million high-net-worth practice.

more: what the wealthy need | setting financial and practice goals during covid-19 | 4 components of a high-net-worth practice | life insurance as part of wealth management | mistresses, mister-esses and accountants | the coming boom in tax services for the super-rich
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

it is a given that you will need wealthy clients. for most accountants, most of these wealthy clients are very likely to be successful business owners. but that is not always the case. you can potentially achieve your financial end goals with wealthy inheritors, for example.

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don’t get burned by these ppp pitfalls

three ways to get it wrong and only have one chance to get it right.


^ click for video

by stephen nelson

over the last few months, i’ve answered hundreds of questions about ppp loans. and i’ve written a short e-book, “maximizing ppp loan forgiveness” for the accountants who will help small businesses with their forgiveness applications.

stephen nelson’s new e-book maximizing pp loan forgiveness is available through 卡塔尔世界杯常规比赛时间 directly from his website for instant download. |  more from stephen l. nelson

learn more here: new e-book: ‘maximizing ppp loan forgiveness

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

^ click for podcast

and, here’s an insight from all this frenzied ppp activity: big surprises await many borrowers.

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with 1040 work dwindling, tax resolution moves to the forefront

more money in tax resolution every year.

by eric green

the demand for tax resolution has exploded in the last several years, and our current situation is only going to increase that demand.

there’s never been a better time to get into doing this work, and there is a shortage of cpas who can do this work really well.

as an introduction, here are six tax resolution services that are money-makers for firms with cpas and eas that can deliver results to taxpayers with these problems.

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new job cuts at cpa firms and no recovery in sight

payroll remains the hardest-hit sector.

by beth bellor

after shedding 77,800 jobs in april, tax and accounting employers have added back 45,300 employees, but the total headcount has dipped again and remains down by 32,300 from the pre-covid level, according to the latest data reviewed by 卡塔尔世界杯常规比赛时间.

more on jobs: covid job toll: tax & accounting cuts 17,500 employees | firms recall half of furloughed staffers | covid kills 67,600 jobs in tax and accounting | pre-covid-19, accounting profession hits new highs | planning for the coronavirus recession
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in this report, 卡塔尔世界杯常规比赛时间 highlights:

  • current and long-term hiring trends in each of the bookkeeping, payroll, tax, and cpa segments of the industry (all data seasonally adjusted)
  • average hourly wages for key segments
  • typical hours worked per week
  • trends concerning women in the accounting workforce

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tossing timesheets is just the start

pen ready to fill in blank timesheetrecommended: two books to read.

by ed mendlowitz

question: i’ve read that many firms are no longer using timesheets. how do you feel about that?

more: how’s your overhead? | 9 must-haves for firm growth | collect more by clearing up billing | envision your future, then plan for it | 5 ways to build teamwork
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answer: there is a growing group of firms that no longer use timesheets.

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no backups? no excuses!

composite image of hand writing with markertoo many firms are still ignoring the basics.

by roman h. kepczyk
quantum of paperless: technology guide & checklist

your firm’s safety net in the event of any disaster is your data backup.

more: how the cloud impacts server replacement | laptops vs. desktops | the best scanners to buy today | capturing documents at the source | the more monitors, the better
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it had better be consistently performed and securely stored offsite.

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why small firms can win the talent wars

seven keys to beating the staffing shortage.//www.g005e.com/2020/09/18/better-talent-drives-better-results/

by frank stitely
the relentless cpa

the following story brought tears to my eyes while i sat in a barbados resort drinking some alcohol concoction. was it the alcohol talking or the happy ending where i got a profit distribution check? maybe a little of both.

more: the fool in the room | calculating and cutting turnaround time | debunking the demise of the cpa firm | how many tax preparers do you need? | how to teach reviewing and time management | 3 tips for handling rookie tax preparers | some uncommon advice on hiring full-time staff | what goes into a client project?
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the afternoon before i left for beautiful barbados, the partner group of our outsourced accounting practice met for a state of the practice meeting conducted by our director of outsourced accounting.
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