today's features

treasury ig sees progress at irs

bar charts
comparison of individual return inventory carried over to the next filing season

backlogs cleared, fraud detected.

by 卡塔尔世界杯常规比赛时间 research

the treasury inspector general for tax administration has issued a report on the 2023 filing season, and it is generally complimentary to the irs.

more: vcs plunk $60 million into ai-powered ‘autonomous’ tax prep | tax pros are expanding and earning more | with fresh funding, irs shows service improvements | how tax practitioners became cybersecurity risks | top tax vendors caught red-handed selling private taxpayer data
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

one big accomplishment: by feb. 2, 2023, the irs had cleared the entire carryover inventory of unprocessed individual tax returns received in 2022 – a backlog of 447,000 paper returns and 445,000 amended returns.
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sixteen guidelines for naming conventions

hands on keyboard

why they matter so much.

by penny breslin
it’s not just the numbers

one of the most time-consuming parts of reconciliation is attempting to discover why or where to allocate expenses. you want to find and pay the correct vendor. you also want to be sure that you have the vendor’s correct name and tax id number when 1099 reporting time rolls around, yet it won’t be easy to do so if you do not have a consistent vendor naming convention.

more: revisit your back office support procedures | every back office support client needs a playbook | creating a back office support playbook | strengthen client ties with workflow tools | understand your online marketing options | narrow your prospects by choosing a vertical | build your team, then choose your clients | how back office support adds value
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consistent naming conventions are a critical component of good file management. the same is true if customer names are in the accounting program. any list really needs to have consistency of entry. duplicates and linking to the wrong record are common mistakes that take time to find and fix.
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rate your personal purpose

young man facing image of himself

bonus: experts discuss challenges for new leaders.

by martin bissett
passport to partnership

the passport to partnership study collated a number of responses in a conversational style. the need for commitment is showcased below and was repeated many times in various different ways.

so many use us as a stepping stone and we’re now trying to determine who those are at the interview stage.

more: nine checkpoints before every prospect meeting | thirteen ways to show commitment | clients can’t grow without you | seven mistakes in winning new fees | how to develop your communication abilities | five questions for measuring partner potential
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

proof – if any were needed – that long-term commitment is not a given in the next generation of accounting professionals.

one question we ask is: would we want to pass our firm on to someone like this?
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staff wages hit record high

line chart
payroll services staff hourly earnings

their bosses aren’t seeing the same increases.

by beth bellor
卡塔尔世界杯常规比赛时间 research

going into the new year, the average american is doing somewhat better. earnings are up a bit; unemployment is down a bit.

more: despite staffing crunch, firms freeze pay raises | tax & accounting firms grow for 9th straight month | tax & accounting profession grows, but wages don’t | tax and accounting pay advancing at 5.9% pace | accounting jobs up 4% for year
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for employees in the tax, accounting and bookkeeping business, things are more complicated. pay for employees overall? usually down, way down. but pay for staff in every sector? all-time highs.
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47 types of business valuation to provide

serious woman working at two screens

there are great money-making opportunities, but don’t overlook the difficulties in getting started.

by ed mendlowitz
202 questions and answers: managing an accounting practice

question: i am exploring the business valuation credential as a way to expand our practice. i’m still (relatively) young to the profession and would (i think) love to expand into this niche area.

a few things:

more: referral fee? forget it | should you offer financial services? | ready to retire? selling your practice is no strategy | 20 things you need for a business valuation
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

1) we don’t do any bv now so my ability to acquire the abv credential would be difficult w/o the experience aspect.
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