nine methods to reduce tax review time

scale with coins on one side, alarm clock on the otherit’s not too late to start.

by ed mendlowitz
how to review tax returns: the field-tested update

to have a successful tax season, care and effort must be spent to reduce the review time while maintaining quality.

more: the last thing a tax reviewer does | judge reviewers by how tax preparers improve | ‘quick and dirty’ tax review | three ways to improve tax returns | don’t use eyes, use brain | three types of tax return reviews | tax review procedures are your quality control
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the reviewer’s time is the main element that needs to be managed and reduced.
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insurance you might not know you need

young man under rain-covered umbrellathese are often overlooked.

by ed mendlowitz
77 ways to wow!

the following are brief descriptions of insurance coverage not usually obtained or obtained in inadequate amounts. insufficient insurance can expose you to serious losses and could also jeopardize your future financial comfort and security.

more: price not always the top consideration in a sale | eight ways to value a family-owned business | are you ready for a co-owner to drop dead? | simple controls can prevent fraud | charity directors must take theft seriously | forensic techniques can be fraud deterrence | the hazards of poor internal controls | rule #1: start with cash
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note that i am not covering all types of insurance and this guide’s purpose is to alert you to the importance of the right insurance protection. some of this coverage can be as riders to existing policies.
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the last thing a tax reviewer does

whose error is it this late in the game?

by ed mendlowitz
how to review tax returns: the field-tested update

the reviewer needs to conduct their own top-side review before the return gets passed on to be printed (either paper, digital or pdf) and assembled to be sent to the partner to sign and be released to the client.

more: tax reviewers can advance, with a push | what makes an excellent tax return reviewer | 10 errors that ‘smart’ scanners make | tax: the procedural checklists your firm needs | the best way to review a tax return | why you can’t skip checklists | how to turn tax returns into new business
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the partner will do their own top-side review before signing it – so why shouldn’t the reviewer do it first to catch any error that might have slipped through?
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price not always the top consideration in a sale

what does the owner really want?

by ed mendlowitz
77 ways to wow!

a friend just sold his business and retired. the price he received was not a life-changing sum, but the future time he gained was priceless.

more: eight ways to value a family-owned business | solos need plans for death, disability | five ways to ward off fraud in not-for-profitsclient hires new manager: you need a plan | anatomy of a fraud | how to explain internal controls to clients | the priorities were backward | how to read a financial statement | 77 thoughts about client needs
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people who own a business make their livings from it while also accumulating savings for their sunset days. many work until they drop. some have foresight to leave earlier. some don’t contemplate ever retiring, but a health scare delivers a reminder of their mortality and then they decide that life is more than just working. after all, the purpose of working is to make a living. when wealth is secure, why continue working?
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judge reviewers by how tax preparers improve

businesspeople discussing chartsalso: eight kinds of staff you don’t want.

by ed mendlowitz
how to review tax returns: the field-tested update

reviewers have to face accountability. they are judged several ways, but i feel the best way is not with a metric but by how the quality of the preparers improve during tax season and how the workload is managed.

more: tax reviewers can advance, with a push | what makes an excellent tax return reviewer | 10 errors that ‘smart’ scanners make | tax: the procedural checklists your firm needs | the best way to review a tax return | why you can’t skip checklists
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

yes, the reviewers are responsible for the preparers’ quality. the reviewers are expected to find errors and show the preparer what they are, how to fix it and to not have them reoccur. and this should be done quickly by not letting prepared returns hang around unchecked for a while. the quicker the turnaround time, the easier and better the training and better all-around job by everyone.
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