today's features

here’s where your next $5 million is coming from

businessman working netbook outdoors, wearing sunglassesthe three essential components.

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.

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.

more: four steps to a high-net-worth practice | three ways the wealthy use life insurance | help clients avoid fallout from personal complications | why tax planning matters so much to the wealthy
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your commitment to becoming wealthier, your integrity, and doing the best possible job for your wealthy clients all play into your success. all of this is not enough. you need more. consider the following equation:
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tax pros file 54% of season’s returns

refunds down over 7 percent.

by beth bellor
卡塔尔世界杯常规比赛时间 research

the irs issued its last weekly update of the spring and every figure but one was down for the year.

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the agency received 142.6 million individual income tax returns, down 1.2 percent from the same week the previous year. it processed 140.2 million returns, up 0.5 percent, the only positive note in the report.
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don’t think of it as selling

businessman holding two papers with happy and angry face each on themstart treating it like a service.

by martin bissett
winning your first client

being a successful person according to your own measurement of that, and your own goals and your own standards is different for everyone.

more: success in business comes second | eight questions to hold yourself accountable | win your first client: yourself | perception is reality, client version | 10 questions for reconsidering your prices | a list is not a pipeline
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if you’re comfortable with yourself, it’s very likely that others will be too. if you understand the value that you offer (how you can improve a client’s situation to move them closer toward their personal and professional aspirations), you’re likely to be able to convey that value in front of a prospect.
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ryan lazanis: how to build the firm that suits your lifestyle

bigger isn’t better if it creates headaches.

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the disruptors
with liz farr for 卡塔尔世界杯常规比赛时间

ryan lazanis started his previous firm, xen accounting, a 100% online accounting firm because he thought he could have a better life if he started his own business. now, he teaches firm owners from around the world how to build firms that support their lifestyles.

“your business is there to serve your lifestyle. we often lose sight of that,” lazanis says. instead, firm owners should think about what makes them happy and how their business will help them get there.

more: megan genest tarnow: hire for curiosity rather than complianceclayton oates: one way to keep clients for liferandy crabtree: follow these three rules to keep employees happyerik solbakken: yes, you can work less and make more | donny shimamoto: future firm growth requires a mindshiftjennifer wilson: empower young workers to build the firm everyone lovesmike whitmire: re-think your hiring and training practiceshector garcia: success strategies of a quickbooks youtube superstar | blake oliver: why tax work yearns to be freeprivate equity explodes in u.k. | brannon poe: the status quo must go  | accounting nerds, unlock your super powers  | disruptor: jason statts shakes up the status quo | think small to think big with matt wilkinsonwhen financial statements go extinct with corey schmidtcan geraldine carter save accountants from themselves?re-inventing accounting with tyler anderson

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“growing your firm should start with that concrete end in mind. work backward to see what you should be doing next and how big you want your firm to be. “a lot of firms are able to grow, but to the detriment of someone’s work-life balance,” he said. adding to the top line can also mean “we’re driving ourselves into the ground.”

instead, lazanis wants  “to help firm owners create a business model that can scale, where we can add to the top line, but in a more reasonable fashion where we’re not adding to our existing workload.”

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how much can automating bank feeds save you?

would you believe 75 percent?

by hitendra patil
client accounting services: the definitive success guide

in the desktop days, write-up, bookkeeping and accounting processes were perceived more as “data-entry” work. the price clients were willing to pay for data entry put so much pressure on fees that many firms found it is not worth the hassle.

more: accountants are perfect for virtual cfo roles | ten ways to tell a client is ready for cas | wants vs. needs: why not fill both? | raise client expectations with cas | launch cas in just eight steps | get sticky with cas | the why behind your cas why | who is the professional?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

other services such as tax preparation, financial statements preparation, etc. brought in higher per-hour dollars than write-up, bookkeeping and accounting work could. such work got more and more “outsourced” by accounting firms to bookkeeping firms, freelancer bookkeepers and “processing” firms operated by non-cpas/non-accountants.
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