today's features

how to evaluate managing partners

plus some thoughts on alternative management and perfectionism.

by marc rosenberg
the rosenberg practice management library

evaluating the managing partner is really an upward evaluation. like all upward evaluations, evaluating the managing partner should be limited to those people who can offer input based on actual experience, not hearsay.

more by marc rosenberg
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this means that at firms of fewer than 10-15 partners, all the partners will probably participate. but once a firm gets beyond 10-15 partners and has multiple offices, an increasing number of partners may not have enough direct contact with the managing partner to evaluate the person. firms with executive committees may wish to limit the evaluation to those on the committee.
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bissett bullet: it’s free, now will you buy it?

today’s bissett bullet: “giving away your knowhow for free to potential clients can be dangerous.”

by martin bissett

we want to impress, we want to show ability, we want to show competence, we want to show interest; but i’ve already told you that you do not want to give the answers away and make it easy for the prospective client to avoid having to change accountants.

so how do you avoid giving answers and free advice away? by being prepared for the sort of questions that a prospect may ask that may tempt you to give too much away.

today’s to-do:

practice handling those questions asked by your potential clients that could otherwise result in you revealing the “how” behind the “what” it is that you do.

see more bissett bullets here

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price advisory work by value delivered, not time spent

accept your inherent value and don’t compromise.

by jody padar
the radical cpa

as a professional in the industry, you may find some of what you do easy. just because you find it easy doesn’t mean it isn’t valuable and worth more than the time you put into it. if it were truly easy, your clients would be doing it themselves rather than paying you.

more by jody padar
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undervaluing ourselves and what we bring to the table is a chronic problem plaguing accountants and cpas. why do i say this? because people pay more for the luxuries they value. let’s look at a comparison:
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art werner: empower strategic giving | quick tax tip

unlock the full value of charitable contributions with one of the tax code’s most underused tools.

sponsored by “turbocharge your profits: how to thrive in the new economy,” by frank stitely, cpa, cva  – see today’s special offer

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quick tax tip
with art werner
cpe today

what if you could give more, support your favorite causes for years to come, and still walk away with a sizable tax deduction—all in one smart move?

click here for more art werner

that’s the opportunity donor-advised funds (dafs) present, and the latest quick tax tip brings clarity to a concept many donors and advisors overlook.

“a donor-advised fund, by itself, is a charity,” werner explains. “but the contribution we make to it is deductible within irs limits—and what’s really nice is you can lump your giving up front and spread it out over time.” read more →

tax pros rev up filing pace as diyers lag

data chart

 

the irs changes how it tallies website traffic.

by beth bellor

tax professionals have held the e-filing edge over diyers this season, and now they’ve surpassed their own 2024 rate for the first time.

more: tax returns nearly match 2024 rates | tax pros edge diyers in e-filings | tax refund totals up 7% | tax pros handle 46% of e-filings | tax refund totals up 10% | tax refunds plummet, but no worries | tax refunds up 18% early on | first tax filing reports are in
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the irs received 89.6 million individual income tax returns, down 0.8 percent from the comparable period in 2024 ending march 28. it processed 88.5 million returns, down 0.3 percent. tax professionals are holding on to a half-point lead in market share over diyers, with about 51.3 percent of total returns filed so far this year against 51.8 percent a year ago. read more →