where to find profits in client accounting services
five proven methods.
by hitendra patil
client accounting services: the definitive success guide
by hitendra patil
client accounting services: the definitive success guide today's features
tim allen: serendipitous specialization leads to success | gear up for growth
full commitment is critical in niche accounting.
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gear up for growth
with jean caragher
for 卡塔尔世界杯常规比赛时间
in the world of accounting, niche specialization is often a deliberate strategy. for tim allen, cpa, however, his journey into winery finance was more serendipitous than strategic. with over 30 years of experience—including time at a big 4 firm, leadership roles at multiple wineries, and now managing a successful boutique firm exclusively dedicated to the wine industry—allen has carved out a unique space for himself and his team.
“i didn’t set out to specialize in wineries—it just happened,” allen says. “but looking back, every step led me here.”
gear up for growth spotlights the best strategies for smart and efficient growth in today’s competitive landscape. more gear up for growth every friday here | more capstone conversations with jean caragher every monday | more jean caragher here | get her best-selling handbook, the 90-day marketing plan for cpa firms, here | more 卡塔尔世界杯常规比赛时间 videos and podcasts here
allen’s accounting came unexpectedly during his tenure at deloitte’s san francisco office. while his colleagues gravitated toward high-profile clients, tim found himself drawn to wineries—clients that others overlooked. the opportunity allowed him to work closer to his family in santa rosa while developing a deep understanding of the industry’s financial intricacies.
tax preparers share advice for your clients
help them prepare for what’s to come.
join the busy season barometer. get the results.
by 卡塔尔世界杯常规比赛时间 research
accountants sound worried. when the 2025 busy season barometer survey asked if anyone had advice on how small businesses should prepare for the next 12-18 months, almost half took the time to respond.
more barometer: staffing, tech, prices top tax pros’ concerns | tax pros gear up for a better busy season
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here’s a list of some of the more meaningful responses. which would apply to your clients? which should you share with them?
___ figure out which labor-intensive functions they can automate asap. (andrew schwartz)
___ take advantage of near-term opportunities with post-tax cuts and jobs act legislation (as they become clearer) and provide services/planning for more probable changes in taxes/economy for 3-5 year, 5-10 year and 10 year+ timeframes. (anthony aleta) read more →
the single biggest key to firm success
plus the three stages of evolution.
by marc rosenberg
the rosenberg practice management library
“wisdom is the reward you get for a lifetime of listening when you’d have preferred to talk.” – doug larson
when i began my cpa consulting career, our industry used one word – management – to describe similar but different terms: management of the firm, leadership and governance. but our profession has grown more sophisticated. today, firms understand the important differences between these three terms:
more by marc rosenberg
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management: the execution of strategies, decisions, policies and procedures to operate the firm. this includes implementation of strategies and goals, planning, managing people and improving their performance, holding them accountable and ensuring continuous increases in growth and profitability. management is the process of making sure everyone knows what to do and managing them to make sure it gets done. my thanks to charles hylan, cpa, a partner of st. louis-based the growth partnership, for the bulk of this paragraph.
read more →
student turns tables on thought leaders | arc
in a special episode, student arpan grewal asks questions future cpas and business leaders need answered.
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accounting arc
with liz mason, byron patrick, and donny shimamoto
introducing special guest arpan grewal
center for accounting transformation
in an episode that flips the script, accounting arc features a fresh voice in business: arpan grewal, a high school junior and state officer for indiana business professionals of america. in this inaugural episode of arc: student-led conversations, grewal takes on the role of interviewer, leading a discussion with donny shimamoto, cpa.citp, cgma; liz mason, cpa; and byron patrick, cpa.citp, cgma—three industry leaders with diverse career paths in accounting.
more accounting arc: how coaching can unlock professional success | demystifying accounting governance | top 10 red flags to watch for in accounting offices | jeremy dubow: private equity as a catalyst for growth | break the burnout cycle in accounting | accounting in transition: 2024 reflections & the road ahead | ron baker: visions for the accounting profession | angie grissom: next gen inspo for accountants | does accounting belong in stem? | rose wang: where numbers meet strategy and creativity | tiktok fraud exposes gaps in financial literacy | how accounting pros own the stage in public speaking | greg kyte: being a cpa is like being the marie kondo of numbers | rachel bashore: a lawyer’s case for reinventing accounting | beyond the basics in ethics eduction | bailey lenart: from ledger sheets to transformational change
grewal comes prepared with questions that high school and college students often ask when considering careers in business. the conversation covers the realities of the profession, the importance of career flexibility, and why accounting is anything but boring.
bissett bullet: who is malcolm bishop?
today’s bissett bullet: “i have received calls, emails and proposals in several different names. malcolm bishop is but one example. how many of those do you think successfully resulted in us doing business together?”
by martin bissett
a person’s name is their main identity, the way in which they are differentiated from everybody else. misspelling that name is sloppy, using the wrong name altogether is unforgivable and if either doesn’t end the relationship there and then, they will certainly take the shine off the bond that you are attempting to establish.
be sure. never assume that you have heard correctly or have the correct spelling of somebody’s name if you’re hoping to build a relationship with them.
today’s to-do:
who do you need to contact or respond to this week? double check their name, email address, website and linkedin profile to ensure that you are addressing them correctly.
see more bissett bullets here
what if the staffing shortage is just a myth?
is everything we think we know wrong?
by 卡塔尔世界杯常规比赛时间 research
for years, the accounting industry has been suffering from a chronic shortage of qualified professionals. decreasing numbers of students are majoring in accounting while increasing numbers of accountants ditch the profession in search of better pay, less stress, or just plain retirement.
more: staffing, tech, prices top tax pros’ concerns | five ways to fill the staffing gap | top 10 red flags to watch for in accounting offices | arc | deals 2024: over 100 cpa firm mergers and acquisitions | barry melancon: private equity and the partnership | gear up for growth | does your firm suffer cultural deficiencies? | audit fees continue to climb | cfos see ai as top risk and opportunity | does accounting belong in stem? | accounting arc | opportunity awaits incoming aicpa ceo | artificial intelligence may already be plateauing | ten ways to manage price increases | survey says 57% of firms are raising prices next year | how will private equity impact accounting careers?
but what if the problem was simply about supply and demand? what if there wasn’t enough demand for accounting talent to maintain supply? two university researchers have a new theory that could upend everything we think we know about the so-called staffing shortage.
use kpis to measure success
don’t just think you’re doing great; quantify it.
by jody padar
radical pricing – by the radical cpa
you’re well on your way to having a client-centric firm with up-front and value pricing. the next step is to determine your key performance indicators (kpis) and verify if those indicators make sense for your new firm.
more by jody padar
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to set your new kpis, you need to think about what’s important to your firm, your employees and your clients. develop them around specific firm values.
as you move through this pricing evolution, you’ll start to see your firm as a for-profit company in the professional services space. your new kpis should look at your team through the eyes of people who work at the firm as well as those who will value your services.
read more →
alan anderson: applying jit concepts to the audit process
reduce audit time by 20% without reducing quality.
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by alan anderson, cpa
transforming audit for the future
for most audit firms, the concept of “just in time” means that the audit was completed and the financials were delivered “just in time” to meet the deadline. but in this webinar, alan anderson explains how concepts from just-in-time manufacturing can be applied to make audits more efficient, reducing time by at least 15-20% while also improving quality and customer service.
more alan anderson: are you using the right business model? | give advice while remaining independent | the new formula for an accounting business | don’t risk losing good employees for bad clients | four questions to make your firm more successful as a business | say adios to audit fee pressure | deliver more audit value by getting out of the conference room | six essential elements in audit planning | before the audit: more than just planning | five crucial attributes for successful audit leadership | put the ethics code to work for your clients and your firm | is audit in crisis because of definitions?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
just-in-time manufacturing was devised to reduce inventory costs, downtime, and waste by following four sequential steps for every manufacturing process: design, build, inspect, and delivery. by analogy, the four steps of jit manufacturing correspond to the four audit phases of planning, fieldwork, review, and delivery. the raw materials of an audit consist of the trial balance and schedules supplied by the client, and the final deliverable is the audit report.
check these 41 items on business tax returns
a handy reviewer’s checklist.
by ed mendlowitz
tax season opportunity guide
client ________________________ year _____
prepared by ___________________ date _____
more by ed mendlowitz
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notes: 1) the term “owners” will be used to refer to stockholders, partners or members, as the case may be. 2) even though “trial balance” is used in this checklist, you can use the company’s financial statements if those were what were used for the preparation of the tax return, or computer-generated statements.
following is a suggested checklist of things for the reviewer to consider:
read more →
irs must speed up tax return processing
six steps to making it happen.
by 卡塔尔世界杯常规比赛时间 research
it’s hard to comprehend the job that the internal revenue service performs. every year, more than a quarter billion tax returns flood into the agency’s complex of pipelines. some 10,400 employees get to work on “submission processing.”
more: cut down your tax work in progress | steve yoss: unlocking business insight with power bis | quick tax tip | more than 1 million erc claims still not processed | art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | four challenges of managing new tax preparers | irs funding pays eye-popping 415x roi | tax season 2025 begins. ready or not.
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in most cases, one of the pipelines leads back to the taxpayer with a timely refund or a notice of additional tax liability.
but in many cases, glitches in the system burden taxpayers with onerous and frustrating challenges.
read more →
first tax filing reports are in
refunds are up; everything else is down.
by beth bellor
the first week of tax season is over! cue the applause!
some of you seem less than excited. we know it’s early. all too early.
more: steve yoss: unlocking business insight with power bis | quick tax tip | more than 1 million erc claims still not processed | art werner: the godfather and tax issues | quick tax tip | advanced tax preparers need managing, too | the top ten problems the irs still needs to fix | tax pros gear up for a better busy season | irs processing up; payouts down | help tax clients help you | four challenges of managing new tax preparers
exclusively for pro members. log in here or 2022世界杯足球排名 today.
still, it’s time to begin our weekly tally of how things are going, starting with 13.2 million individual income tax returns received as of jan. 31, down 14 percent from the same period in 2024. the total returns processed was 11.7 million, down 15.8 percent.
read more →
cut down your tax work in progress
bonus: it’s cheaper than adding capacity.
by frank stitely
the relentless cpa
want to increase profitability and client retention? manage projects effectively.
if you don’t have these measures, get them, or turn in your ceo title. if, as a value pricer, you’ve sworn off practice metrics based on productivity, you’ll learn nothing from this article. you just don’t have the numbers. mark cuban is on hold waiting to yell at you.
more by frank stitely
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there are only three ways to increase client happiness and thus increase retention:
- lower your prices
- decrease the turnaround time for client work
- increase quality