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management

the new rules for online meetings

checklist: 36 do’s and don’t’s for conducting business, some learned the hard way.

by 卡塔尔世界杯常规比赛时间 research

online meetings and conferences are the new way of doing business – so new that we still haven’t settled on protocols and etiquette.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] | new rules: covid shifts m&a landscape | deciphering the sba’s new ppp loan forgiveness rules [new dates added] | retired cpa partners face pay cuts from covid-19
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it’s time we did.

we already have standards for in-person conferences. they’re so standard that we’ve never bothered to write them down. it goes without saying that we don’t go to meetings in our ratty bathrobes. we don’t bring our pets. we don’t have a significant other asking if we’re done yet.

we’ve been meeting via computer for only a couple of months, but certain protocols – certain do’s and don’ts – are already developing, based on research by 卡塔尔世界杯常规比赛时间.

you may have already noticed a few of the no-nos.

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charts & graphs

is the worst over? 63% of small business say so

but 84% worry about a second wave of infection.

by 卡塔尔世界杯常规比赛时间

as business owners across the country focus on getting back to business, 63 percent feel the worst is behind them when it comes to the impact of covid-19 on their operations, according to new research from a payroll agency that handles payrolls for 670,000 small- and medium-sized businesses.

more on the covid crisis: six ways accounting firms will never be the same again | retired cpa partners face pay cuts from covid | covid tests accountants’ entrepreneurial talents | deciphering the sba’s new ppp loan forgiveness rules [new dates added] |

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however, four in five business owners are somewhat or very concerned about a possible second wave of infection.

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client service opportunities

six ways accounting firms will never be the same again

woman working on laptop at homehow some of the pandemic’s ad hoc changes could become permanent.

by 卡塔尔世界杯常规比赛时间 research

if necessity is the mother of invention, covid-19 has ushered in an era of mandatory motherhood.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] | new rules: covid shifts m&a landscape | deciphering the sba’s new ppp loan forgiveness rules [new dates added] | retired cpa partners face pay cuts from covid-19
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

believe it or not – and like it or not – we are in the early days of the pandemic. this situation is going to go on for a while. but we are already in a brave new world of new rules and new ways of doing business.

the coronavirus has already forced a number of changes on the accounting industry and on its clients. some changes are ad hoc solutions. some are innovative ways of doing business. some are still awkward, flawed and unpolished. and some have yet to be invented. accountants should be on the vanguard of change – for their own businesses and those of their clients.

so it’s time to do some rethinking:

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checklist

beat the covid crisis with these 20 steps for your firm and your clients

the ultimate checklist for focusing on cash, communication, continuity – and accepting uncertainty.

卡塔尔世界杯常规比赛时间 business barometer
your best advice to colleagues and clients?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

the toll of covid-19 on business will be an ongoing trauma. it ain’t gonna be over ’til it’s over, and that ain’t gonna be for a long, long time.

more on covid crisis management: how to inoculate your firm against covid competition | pro tax prep stalls to a crawl amid covid-extended season | covid kills 67,600 jobs in tax and accounting | client accounting services poised to surge in post-corona world | clients, revenues, profits – trending down, down, down | andrew argue is on a mission | 3 questions for determining your value | covid crushes rosey forecasts | the seven factors keeping accounting firms afloat amid covid-19 | feeling the pain? the biggest job losses by client sector |

see: all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage

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to survive, tax and accounting practices are going to need to take precautionary and proactive measures to ensure their financial continuity. those measures must necessarily include guidance for clients to help them survive. because failing clients mean failing firms.

crisis management is a lot easier if it starts before the crisis hits. here are some steps that accountants can take for themselves and their clients, gleaned from the thousands of accountants and advisors we’ve been hearing from over the past several weeks. read more →

busy season management

clients, revenues, profits – trending down, down, down

eckelkamp, neilson, blank: clients late, clients new, clients in need

pandemic cuts profits at 42% of firms, client numbers off at 29%, and revenues down at 38%.

the 卡塔尔世界杯常规比赛时间 business barometer
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

like just about every other business in the world, cpa practices are hunkering down for a year of hard times. yet a third of them think they can buck the odds and see some increase this year.

more:  saving 10,000 businesses from the covid crash  | the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

back in the bullish days of february, the 卡塔尔世界杯常规比赛时间 2020 busy season barometer was reflecting expectations of more clients, burgeoning revenue, and increased profit, with a medium-chance of more extensions.

but these bearish days see most practitioners expecting a year stagnant at best and quite likely worse than stagnant in all benchmarks of success.

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client service opportunities

andrew argue is on a mission

to help accountants save 10,000 businesses in the battle against the foundering economy.

by 卡塔尔世界杯常规比赛时间

andrew argue is on a mission – a mission to help accountants save 10,000 businesses from the covid business crash.

his practice development training platform, accountingtax.com, has built a covid-19 “wartime response plan” for tax and accounting firm by providing results-focused training, accountability, and technology, argue tells 卡塔尔世界杯常规比赛时间.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

to be sure, argue comes with some controversy. clearly, he has helped thousands of accountants increase their revenues, and spawned a flock of former students who have launched their own look-alike programs. but, just as clearly, he has his detractors. for one thing, he asserts having a cpa license, or even a college degree, need not be an impediment to success in tax and accounting. his teaching methods are assertively challenging. and his focus on aggressive internet-focused marketing rubs some traditionalists the wrong way.

today, he’s focusing his training for accountants on at least 12 areas: read more →

busy season management

covid crushes rosey forecasts

survey shows hopes for a smooth and profitable 2020 are destroyed by a floundering economy.

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

the resilience of the coronavirus and the continued spread of covid-19 has accountants shifting the focus of their concerns.

more: the seven factors keeping accounting firms afloat amid covid-19 [survey results] |  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

ages ago—back in february, b.c. (before covid)—the 卡塔尔世界杯常规比赛时间 2020 busy season barometer survey found that out of 14 common concerns, economic conditions were of the least concern, the bottom of the list, worrying just eight percent of respondents.

covid changes everything.

read more →

busy season management

the seven factors keeping accounting firms afloat amid covid-19

and the top five survival strategies, according to 卡塔尔世界杯常规比赛时间 research.

confirmed cases. source: jhu.edu

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

under the historically unprecedented pressures of the covid-19 pandemic, u.s. accounting firms large and small are adapting as fast as they can—or rather, as fast as they must.

more:  feeling the pain? the biggest job losses by client sector  |  tax season pivots to covid rescue season  |  how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

卡塔尔世界杯常规比赛时间 is providing free access to some of our latest coronavirus crisis updates: start here for a guide to all our free coverage.

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

practitioners are striving, struggling, scrambling to do what they have always done, and on top of that, to learn what they never knew in order to serve clients as in ways they needed to before.

less than three months from when the first cases were reported, the pandemic has taken the lives of over 70,000 americans and is approaching 3,000 deaths a day. while the pandemic has been a shock to the economy, tax and accounting practices appear to be maneuvering through it better than many other businesses.

read more →

news

right networks acquires rootworks

rootworks founder darren root joins right networks as gm and vp strategy.

joel hughes (left) and darren root
joel hughes (left) and darren root

by 卡塔尔世界杯常规比赛时间 research

signaling a move to broaden its industry footprint, right networks, a leader in cloud-enabled technology solutions for accounting firms and small businesses, has acquired rootworks, which provides accounting firms with tools, resources, and guidance to create a high-performing, proactive modern firm.

rootworks will continue to operate as an independent line of business within right networks with founder darren root serving as rootworks general manager and right networks vice president of market strategy, according to the company announcement.

“while right networks is a leading technology supplier to the accounting profession, we recognize that our firm customers need more than technology to succeed in the face of the profession’s digital transformation,” says joel hughes, ceo of right networks, which counts over 5,000 accounting firms and 180,000 users as clients. “firms need the business context, the ‘why and how,’ in order to adapt and move forward. rootworks has pioneered and perfected a repeatable business model for ‘the modern firm,’ supported by education and dedicated coaching via a technology platform and peer community that fosters success. firms owners need help. right networks with rootworks can deliver the level of help they require.”

read more →

charts & graphs

feeling the pain? the biggest job losses by client sector

jobs survey pinpoints client niches suffering the most under covid. bonus: infographic.

卡塔尔世界杯常规比赛时间 business barometer:
how accountants are managing:
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

private sector employment decreased by 20.2 million jobs from march to april according to the april adp national employment report, and that doesn’t reflect the full impact of covid-19.

a quick scan of the data shows the hardest hit client sectors, with the smallest businesses hit particularly hard.

more staffing and hiring trends:  planning for the coronavirus recession |  automation and the future of accounting  |  getting and keeping the best: the struggle continues |  headcounts dip by 3,500 in tax & accounting |  creative perks for remote employees |  what staffing shortage? |  hiring trends flash warning signs of slowdown in tax & accounting |  salary survey: top skills getting top pay

see: all 卡塔尔世界杯常规比赛时间 special coronavirus crisis coverage

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“job losses of this scale are unprecedented. the total number of job losses for the month of april alone was more than double the total jobs lost during the great recession,” says ahu yildirmaz, co-head of the adp research institute. “additionally, it is important to note that the report is based on the total number of payroll records for employees who were active on a company’s payroll through the 12th of the month. this is the same time period the bureau of labor and statistics uses for their survey.”

the details by company size and business sector:

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busy season management

tax season pivots to covid rescue season

shifting from tax prep to covid relief: karyn vaughn, deann hill, and joanne bryson.
shifting from tax prep to covid relief: karyn vaughn, deann hill, and joanne bryson.

it ain’t pretty: 62% of accountants switch outlook from “better” to “worse.”

busy season barometer
how’s covid-19 impacting accounting firms?
join the survey. get the answers.

by 卡塔尔世界杯常规比赛时间 research

the sentiments of accountants this busy season have been as up and down as the dow jones.

more on tax season: how accountants are coping with covid-19 |  survey: confronting coronavirus chaos | planning for the coronavirus recession | tax season turns ugly under coronavirus | tax season turns ugly under coronavirus | coronavirus culture-shift hits accounting firms | 41 items to check on business tax returns | tax season funnies: the poetic versions | how to stop drowning in covid tax deadlines [webinar]

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

the year started off on an optimistic note. but by the time the coronavirus got real, all hope had been abandoned.

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busy season management

‘singing cpa’ gets down with the ppp

remember: ‘wash your hands.’

steven b. zelin – the singing cpa – is rapping out the praises of the paycheck protection program in his new youtube video aimed at drumming up some new business.

it’s a “fun explanation of the payroll protection program, loans from the small business administration to support small businesses with the economic slowdown from the coronavirus,” says zelin, cpa, and managing member of zelin & associates cpas in new york city.

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