CPA Trendlines - Actionable Intelligence for Tax, Accounting, and Finance Professionals

Time 2020-09-10 23:11:32

Web Name: CPA Trendlines - Actionable Intelligence for Tax, Accounting, and Finance Professionals

WebSite: http://cpatrendlines.com

ID:42551

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3 Ways to Opt Out of Any Downturn You can succeed no matter what the economy is doing.By Sandi Leyva READ MORE As 1040 work wanes, there s more money in tax resolution every year.By Eric GreenThe demand for tax resolution has exploded in the last several years, and our current situation is only going to increase that demand.Join Eric Green Sept. 17 for his webinar on “The Biggest Mistakes Made During Tax Season that Trigger IRS Enforcement. Details hereThere s never been a better time to get into doing this work, and there is a shortage of CPAs who can do this work really well.As an introduction, here are six tax resolution services that are money-makers for firms with CPAs and EAs that can deliver results to taxpayers with these problems. READ MORE Live 1-hour webinar Oct. 6 at 1 pm ET.With Anthony Glomski and Russ Alan PrinceFor most accountants, the toughest part of building a highly successful practice is bringing in new business.But sourcing high-value clients is a cornerstone of only the most accomplished accounting practices.In this exclusive live 1-hour video workshop, you ll learn how to:Identify Promising Referral Sources: Learn how the professionals you select will become your advocates and endorse you exclusively.Effectively Evaluate Other Professionals: Learn how to evaluate the most promising sources of new referrals.Build a Pipeline of New High-Value Clients: Clients who are interested in your services – without ever having to make a referral.Prince and Glomski will explain a proven methodology for producing a steady stream of new high-value accounting clients for your practice — no matter what kind of accounting practice you have.They will walk you through the process and show you how to build a pipeline of great clients exclusively interested in working with you, above all others.(Sorry, no CPE for this exclusive 1-hour video workshop)View Details$59 General AdmissionOnly $39 for CPA Trendlines PRO Members with the Members-Only link below (login required):(Not yet a PRO Member? Click here to go PRO today for instant savings.) READ MORE Which employee is most valuable? You might be surprised.By Frank StitelyThe Relentless CPAWe have been heavily in the numbers so far. Let’s take a break from that to discuss a factor that, while not heavily numeric, plays a big factor in managing WIP – employee productivity. Because capacity is the denominator in the Lean Six Sigma equation, and employee productivity is a big factor in capacity, employee productivity becomes a big factor in determining turnaround time.MORE: Calculating and Cutting Turnaround Time | There Are No Easy Answers | How to Thrive as a 21st-Century Firm | Farm-Aid for Accountants? | Whittle Down WIP | The Tax Practice Traffic Cop | How to Coach Your Staff | How to Create Good ManagersExclusively for PRO Members. Log in here or upgrade to PRO today.First, let’s dismiss from the room all the consultants, who tell us that time tracking and productivity metrics don’t matter. For the most part, these consultants have never managed or owned CPA firms. Rarely have they worked in firms for any length of time. READ MORE Clients will be open to new pricing if they see the benefits.By CPA TrendlinesGrowth is one thing, transformation another.Growth is good. It’s what most CPA firms want: Growth in clientele. Growth in revenue. Growth in profit.Marketing efforts tend to engender growth. But it’s an incremental growth – a new client, then another, then a new service, then a bump in revenue.Transformation is more than that. It engenders exponential growth – a host of new clients, a whole new set of services, a local reach rendered regional. READ MORE Standardization can save you 26%.By Roman H. KepczykQuantum of Paperless: Technology Guide ChecklistGetting the right mix of mobility is critical for firms today. The accounting professional’s Rule of Thumb is that everyone who works out of the office one day per week or more and needs to be self-contained should have a laptop as their only machine. Thanks to COVID-19, those numbers grew by leaps and bounds in 2020.MORE: The Best Scanners to Buy Today | Capturing Documents at the Source | The More Monitors, the BetterExclusively for PRO Members. Log in here or upgrade to PRO today.The obvious exception to this is for tax or administrative personnel who would never work from remote client sites and have a computer at home that they can use to connect to the firm via a secure remote access solution. However, this is changing. The string of natural disasters over the past two decades – along with the promotion of remote work opportunities to retain staff as well as the transition to more cloud-based applications – has led some firms toward making the decision that ALL professional staff will utilize a laptop as their only workstation. READ MORE 16 questions to consider.By Anthony Glomski and Russ Alan PrinceYour $5-Million High-Net-Worth PracticeThe accounting business was changing even before the onset of the COVID-19 crisis.MORE: 4 Components of a High-Net-Worth Practice | Life Insurance as Part of Wealth Management | Mistresses, Mister-esses and Accountants | The Coming Boom in Tax Services for the Super-RichExclusively for PRO Members. Log in here or upgrade to PRO today.Three of the factors that are possibly impinging on your ability to be as successful as you want include: READ MORE Partners must be accountable.By Ed MendlowitzThe CPA Trendlines Practice DoctorQUESTION: I am the managing partner and run a tight ship, however, some of my partners do not appear to be growing and on some level that is holding back the firm’s overall growth.MORE: Collect More by Clearing Up Billing | Envision Your Future, Then Plan for It | 5 Ways to Build TeamworkExclusively for PRO Members. Log in here or upgrade to PRO today.Any suggestions or is this just the way it is? READ MORE By Stephen NelsonOver the last few months, I ve answered hundreds of questions about PPP loans. And I’ve written a short e-book, “Maximizing PPP Loan Forgiveness” for the accountants who will help small businesses with their forgiveness applications.Stephen Nelson s new e-book Maximizing PP Loan Forgiveness is available through CPA Trendlines directly from his website for instant download. |  More from Stephen L. NelsonLearn more here: New e-Book: ‘Maximizing PPP Loan Forgiveness’Exclusively for PRO Members. Log in here or upgrade to PRO today.^ Click for podcastAnd, here s an insight from all this frenzied PPP activity: Big surprises await many borrowers. READ MORE

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