today's features
pricing, fees & billing rates

seven musts for a client-centric firm

woman points to laptop to explain something to a female client

right pricing for the right clients.

by jody padar
radical pricing – by the radical cpa

being client-centric means putting your client first. but holding on to the billable hour puts time before your client’s interests every day.

more by jody padar
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to be truly client-centric, you must prioritize the needs of your clients and deliver the products and services they want. while the traditional firm focuses on the timesheet, a client-centric firm focuses on keeping the client happy because a happy client means happy profits.
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charts & graphs

tax refund totals up 7%

data table

individual amounts are up 5 percent.

by beth bellor

winter is fading away but busy season remains with us.

more: 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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as of march 7, the latest data available, the internal revenue service had received 61.4 million individual income tax returns, down 2.1 percent from the same period one year ago. it had processed 60.8 million returns, down 1.8 percent.
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featured video

art werner: maximize retirement for 2025 | quick tax tip

retirement planning isn’t just about saving – it’s about strategy.

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

with tax laws constantly evolving, finding the right balance between financial planning, tax reduction, and compliance with the internal revenue code can feel like a moving target. fortunately, powerful opportunities are available in 2025 to maximize your retirement savings while minimizing your tax burden.

click here for more art werner

for instance, contribution limits to 401(k)s have significantly increased. in 2025, you can contribute up to $23,500; if you’re 50 or older, you can add an extra $7,000 in catch-up contributions. that’s a major opportunity to secure your financial future while reducing your taxable income today.

but should you contribute to a roth 401(k), a traditional 401(k), or other savings account?

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busy season management

make tax workflow work for you

smiling woman wearing glasses, looking at computer screen

tell quickly when a delay is the client’s fault. plus: 12-step tax return and 8-step writeup workflows.

by frank stitely
the relentless cpa

let’s play buzzword bingo. i’ll go first: workflow.

workflow is the cpa firm buzzword of the decade. every vendor leech trying to suck the life out of your bank account drops this term, and in so doing, workflow now means everything and nothing at all. marketers have so devalued the term that we shouldn’t be surprised that no one has an effective workflow, because no one knows what it is. let’s flush the confusion.

more by frank stitely
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workflow is not scanning and import software. workflow is not workpaper binder software. workflow is not a portal or tax return preparation software. workflow is not project management software, much as it pains me to so state. these are no more workflow than a hammer is real estate development. they are tools to accomplish workflow.
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pro member exclusive

define your worth, then tell the world

confident businessman turning away from desk and smiling

use these exercises to refine your message.

by martin bissett
passport to partnership

an advisor is trusted when they can show that they

  • took responsibility for their end of the bargain in the client engagement,
  • educated the client of their responsibilities,
  • offered prompting and assistance throughout but then allowed the client to ultimately govern themselves in terms of following through on their commitments.

more by martin bissett
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this then empowers the advisor to make a commercial decision when the client now faces the consequences, as to whether they want to communicate even more assistance to make things all better for the clients and gain huge appreciation and emotional capital.
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client accounting services

luke templin: lose your perfectionist gene | the disruptors

don’t be afraid to try new ideas or plans–or afraid to fail.

this is a preview. the complete 1-hour video episode, with commentary and transcript, is first available exclusively to pro members | go pro here
sponsored by “holistic guide to wealth management,” by rory henry – see today’s special offer

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the disruptors
with liz farr

luke templin believes that cas – client advisory services – will be the key to success as an accountant in the future. not only is it an effective recruiting and retention tool for staff, but “it’s an attractive offering to clients,” he says. “if you were to talk to most entrepreneurs on what they want, most of them are going to want some sort of proactive advice on the numbers,” and not just the basics of bookkeeping and tax prep.

more podcasts and videos: ira rosenbloom: m&a numbers are easy – culture fit is hard | roman villard: ditch the suit & shine | monique swansen: align firm values with services | tina mcgill: how to create lasting client impact | stefan van duyvendijk: develop operational mindset | steve evans: why traditional hiring methods fail | roger knecht: can you be an accountrepreneur? | beth whitworth: focus on outcomes not hours |mike sylvester: learn to say no | salim omar: identify your client’s $100,000 problem | jackie meyer: earn more with fewer clients | jack fleherty: don’t be a ‘yes’ person | greg adams: from finance to storytelling | the disruptors | jody padar: make radical changes now if you want to be relevant in 2030 | rebecca driscoll: amplify reach by helping other firm owners | rory henry: create the return on relationships | mike maksymiw: be the leader you wish you had | terrell turner: build a solid business showing up as yourself | kelly mann: be the bull in the china shop | alicia katz pollock: create a human-centric business |  nancy mcclelland: be the one your clients ask first |alan whitman: stop accepting the status quo | sean duncan: discover your own genius | ingrid edstrom: true wealth is not financial |

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over his career, templin has built four different cas offerings in other firms, including his own, a2 advisors, which focuses on fractional cfo services. as templin explains, the goal of cas is “to get numbers as real-time as possible,” while a fractional cfo expands on bookkeeping, “helping the client solve problems with as real-time numbers as we can possibly get.”

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advisory & consulting

scams getting more sophisticated

man staring at computer screen in shock

how accountants can help.

by 卡塔尔世界杯常规比赛时间 research

scams are getting more sophisticated, more subtle and more likely to lead to more loss, according to a report from the better business bureau institute for marketplace trust.

more: america’s running short of financial advisors | maybe the pipeline problem is technology | what if the staffing shortage is just a myth? | staffing, tech, prices top tax pros’ concerns | top 10 red flags to watch for in accounting offices | arc | barry melancon: private equity and the partnership | gear up for growth | cfos see ai as top risk and opportunity | does accounting belong in stem? | accounting arc | artificial intelligence may already be plateauing | how will private equity impact accounting careers? | twelve years and out: seasoned accountants join the exodus | gen ai in accounting: epic transformation, or overheated hype?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

 

if you don’t believe the prevalence and danger of scams, check your email inbox. count the messages from nigerian widows, pill pushers, fake companies, dietitians, contest announcements, purveyors of snake oil, and so on. imagine if that many thieves were sniffing around your house day and night.

many of these scams aren’t so easy to identify, and every accountant should be helping clients identify the dangers.
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podcast

steve yoss: transform financial data into actionable insights with power bi | quick tech talk

bring complex financial data to life with advanced visualization techniques.

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google, spotify, iheart, deezer, amazon music and audible, player fm, audacy, gaana (india), and boomplay (africa).
originally published august 2024

quick tech talk
with steve yoss
cpe today

financial statements can be difficult for non-accounting professionals to interpret. balance sheets and cash flow statements often contain crucial information, yet they remain inaccessible to many decision-makers. enter microsoft power bi—a business intelligence and visualization tool that transforms structured financial data into interactive, easy-to-understand dashboards.

more steve voss | more tech | more podcasts

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with power bi, organizations can break down income statements into charts, graphs, and statistical analyses that make data both digestible and actionable. beyond traditional financial metrics, users can integrate sales, marketing, and even social media data to provide a holistic view of business performance. this seamless data integration empowers decision-makers with real-time insights tailored to their needs.

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advisory & consulting

ten more topics for a tax pro blog or newsletter | listicle

//www.g005e.com/category/checklist/listicle/by 卡塔尔世界杯常规比赛时间 research

make your life and your clients’ lives easier by helping clients prepare for tax season. and encourage them to share your blog with others!

more listicles here
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

also, consider turning out hard-copy newsletters or tip sheets with this same information.

  1. navigating taxes for rental property income: guide landlords on tax rules, depreciation, deductions and reporting rental income.
  2. understanding estimated taxes: clarify estimated tax requirements for self-employed individuals and others. include who needs to pay, who doesn’t and how to do pay.
  3. retirement planning and taxes: discuss how different retirement accounts impact taxes and withdrawal strategies.
  4. how the newest tax law changes could impact your return: break down recent tax legislation and how it affects taxpayers. when appropriate, mention impacts on specific types of jobs and businesses.
  5. tax implications of selling your home: explain capital gains tax, exemptions and how to minimize taxes on home sales.
  6. the tax benefits of charitable giving: cover how to maximize deductions for charitable donations. warn readers about organizations that are not eligible for deductible donations.
  7. tax considerations for newlyweds: offer advice for couples on filing jointly vs. separately and other tax implications of marriage.
  8. tax considerations for the newly divorced: advice on the tax implications and changes that separated couples must make. (advice: don’t do this right after topic 7 above.)
  9. how to make the most of your hsa (health savings account): explain how hsas work, the tax benefits and strategies for maximizing those benefits.
  10. avoiding tax scams and identity theft during tax season: tips on recognizing scams and protecting personal information. offer a few illustrative examples.

 you and your clients all benefit from education and organization. be proactive!

accounting influencers

brian hock: qualifications matter more than ever | accounting influencers

“it’s a five-year degree for accounting versus four years for finance, and finance graduates often earn more.”

subscribe to 卡塔尔世界杯常规比赛时间 podcasts anywhere: apple, google/youtube, spotify, iheart, deezer, amazon music, audible, player fm, audacy, rss.

accounting influencers
with rob brown

brian hock, founder of hock international, argues that accounting certifications and qualifications are more important than ever in an era of automation and artificial intelligence.

hock says the rapid shift in accounting standards is spawning a host of new specialty skills, including data analytics, cybersecurity, and automation.

“when i took the cpa exam almost 30 years ago, it was paper-and-pencil,” hock recalls. “now, technology is embedded in every aspect of accounting.”

read more →

leadership

you need capable successors for a seamless transition

younger businesswoman and older businessman smiling and talking in office hallway

prepare now.

by jennifer wilson

as vince lombardi said, “contrary to the opinion of many people, leaders are not born. leaders are made, and they are made by effort and hard work.”

 to experience a seamless transition as your leaders grow up, and then eventually out of your organization, identifying and developing your up-and-comers must become a core competence. without these critical abilities, there won’t be anyone to carry out the vision of your firm, serve your clients, or pay your retirement benefits and/or buyout. in this article, we’ll share ideas for developing leaders in your firm, identifying your partner potentials, and preparing them to step in and lead when the time comes.

more: generosity: the root of great leadership
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the first step is to make a cultural commitment to develop leadership skills in your people. some firms offer a leadership development program that allows people at various levels and in different roles, including administrators, to enroll in the program to enhance their ability to lead.
read more →

management

who does what in accounting firm management

confident businesswoman seated at desk

what’s the difference between a coo and an fa?

by marc rosenberg
the rosenberg practice management library

“shooting the ball is not an equal opportunity act.” – pat riley, nba head coach

who is on a firm’s management team?

more by marc rosenberg
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of course, the answer varies from firm to firm and depends on its size. these are the most common members of a firm’s management team:

  • managing partner – the firm’s ceo, not necessarily a full-time position
  • executive committee or board

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