tax pros race to the finish line
the tax season from hell enters its final stages.
by beth bellor
how are accountants handling this crazy tax season?
bonus question: the new rules for small busines post-pandemic?
join the survey. get the facts.
tax
annual criminal tax conference set for june 4
the one-day online conference features irs leaders and top tax attorneys and eight cpe credits.
hosted by eric green
key irs leaders and nationally recognized criminal tax attorneys will convene june 4 for the fourth annual criminal tax day 2021, a one-day online conference hosted by green & sklarz foundation trust that provides educational cpe/cle sessions for cpas, eas, and attorneys on the hottest criminal tax topics. all proceeds go to charity.
12 ways to stress less this busy season
tips that are quick and low-cost.
by sandi leyva
the complete guide to marketing for tax & accounting firms
i don’t want to stress you out, but we really do need to do something about our stress levels, especially during tax season. an american psychological association survey showed that our kids are getting headaches, having difficulty sleeping, and eating too little or too much because of pressure from school and household finances. the worst part is that the study showed that most parents were not aware of the severity of their children’s stress.
more on small-firm growth strategies: six ways to make your own history during women’s history month | clubhouse: hottest new social platform or just more noise? | who’s offering your clients ppp services? | ppp client fraud: how much risk is too much? | survey: who’s not billing for ppp services? | add these money-making rituals to your work day | 3 ways to opt out of any downturn
exclusively for pro members. log in here or 2022世界杯足球排名 today.
many adults reported not knowing what to do to change their lifestyle so they could reduce their stress, so it just makes sense to talk about this a little.
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pros surge ahead in tax prep
refunds are up overall, but down in direct deposit.
by beth bellor
are those diyers losing ground while the tax professionals gain it? why yes. that’s exactly the case.
more: tax pros handle 53% of e-filings | tax pros hold their ground | pros tackle 49% of e-filed returns | survey: tax season swings into the red | another tax season from hell?
the pros pulled out of the red year-over-year and solidly hit the black – or green, according to our chart – by preparing 55.5 million electronic filings of individual income tax returns, 3.4 percent higher than the same week last year. factor in that 2021’s season started 18 days later, and there is some real reason to preen.
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are you marketing for next year yet?
it’s not too early to plan for next season.
by ed mendlowitz
tax season opportunity guide
marketing takes many forms. further, many accountants are not trained in marketing. i also know that while most cpas want more business, they are too busy with what they have to be actively seeking new business. additionally, marketing can be external, internal or retentive.
more: don’t fire that staffer on may 18! | what to do with a lousy client? | but i am managing! | how to run a practice in 90 pages | how improv can help accountants | four tips for new partners | an alternative to pro bono | 14 better uses for timesheet data
external is where new clients are solicited. that takes effort, ingenuity, time and maybe even some money.
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tax pros handle 53% of e-filings
refunds larger overall, but down for direct deposit.
by beth bellor
don’t fire that staffer on may 18!
four reasons not to let people go after tax season.
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
question: i am planning on letting go of some staff after tax season and will hire replacements at a higher level. any suggestions?
more: what to do with a lousy client? | stop drowning in client documents | make more money starting now | the wrong way to look for staff | strategic planning for the small firm | before you sell your practice | work the client needs … but won’t pay for
answer: 1) your implication is that you will hire replacements at a higher level.
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how a few of the wealthiest skate around the irs
and the irs is looking the other way.
by 卡塔尔世界杯常规比赛时间
the internal revenue service isn’t supposed to consider a taxpayer’s income or wealth when prioritizing taxpayer delinquent accounts. rather, the service is supposed to focus on balances due, pursuing collection of higher amounts.
more: pros tackle 49% of e-filed returns | survey: tax season swings into the red | another tax season from hell? | pros process 44% of tax e-filings | tax professionals report tough slogging | busy season 2021 gets off to weak start
exclusively for pro members. log in here or 2022世界杯足球排名 today.
obviously, many of those higher balances are owed by taxpayers (or tax dodgers) in the higher adjusted gross income brackets, and the irs believes that pursuing high balance dues effectively addresses high agis.
but the treasury inspector general for tax administration says that focusing on the balance due is increasing the risk of high earners skipping out on what they owe.
tax pros hold their ground
in shorter season, professional e-filings are down only 5.6%.
by beth bellor
173% increase in irs correspondence backlog
who knew?
by 卡塔尔世界杯常规比赛时间
we all know how the irs works. they send a letter to a possibly delinquent taxpayer who, in quivering fear, returns a response that is slipped through the mail slot in the irs door, where it falls into a shredder that feeds into a massive onsite incinerator. the letter’s ashen remains are then loaded onto a rocket and shot toward alpha centauri, never to be seen again.
more: hunker down: the irs backlog isn’t going away anytime soon | the irs studebaker bomb | imagine irs ‘concierge’ service. just imagine. | irs has recruiting problems, too
actually, that’s not entirely true. in 2019, irs compliance services collection operations managed to respond to 25 percent of its “inventory” of taxpayer delinquent account correspondence. the other 75 percent was considered “over-aged” after not being dealt with within 45 days of receipt.
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pros tackle 49% of e-filed returns
refunds are down 19% in number and total amount.
by beth bellor
as in recent years, accountants are losing ground to diyers when it comes to individual income tax returns. the question is, do they care? or is this ground they’re all too ready to yield for more profitable pastures?
more: survey: tax season swings into the red | another tax season from hell? | pros process 44% of tax e-filings | tax professionals report tough slogging | busy season 2021 gets off to weak start
the irs had received 85 million returns as of march 26, down 6.2 percent in a season that started 18 days later than in 2020. it had processed 76 million, down 12.7 percent.
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new leads aren’t top priority
ignore your existing leads at your peril.
by jassen bowman
the most successful professional services firms in america put their marketing efforts on autopilot.
more: don’t waste your investments | you fixed their tax issues, now what? | 11 steps for handling client complaints | office safety and more: checklists for your tax resolution setup | how to build a tax resolution business
whether you have a full-time marketing assistant, do all the marketing yourself or distribute duties among your staff, using checklists to systemize your marketing is really the only way to go. using checklists ensures that your marketing gets done properly and completely.
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50 ways to make more money in busy season
checklist: leverage tax season to increase income, productivity, and profits.
by ed mendlowitz
call me before you do anything: the art of accounting
tax season creates many opportunities for an accounting firm. one main reason is the compression of sometimes an almost unbearable amount of work into a short period with tight deadlines.
more: 14 simple, easy tips for a better tax season | you’re not just taxes | granting unconventional request pays off | 20 best practices for staff training and retention | what does the client want to see? | 6 ways to increase your fees … if you dare | the clients that got away | upselling made painless | boosting a fixed fee substantially
but it also creates opportunities to benefit immediately from small changes in your system or in a reaction to your awareness. an on-the-spot investment in making the extra effort or change will pay dividends many times over the rest of tax season and thereafter.
here are 50 ways to make more money. for the ones that are obvious – do it! for the not-so-evident, try it!
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