seven types of tax return reviews

businessman shaking hands with grim reaperit’s time for “tick and tie” to die.

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

there are numerous ways to review tax returns. most reviewers have their own techniques, and some alter these based on

  • the type of or size of the return, or
  • who the preparer is or
  • who the partner in charge of that client is.

more: how to turn tax returns into new business
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there is nothing wrong with this as long as the reviewer is experienced and really knows their stuff.
read more →

how to turn tax returns into new business

how are you using your reviewers?

by edward mendlowitz and andy mendlowitz
how to review tax returns: the field-tested update

tax season is a microcosm of everything done in an accounting practice. one of the primary concerns of a business is having the proper processes and quality control procedures. choosing how to properly use the reviewers’ time and interface them with the staff can contribute immensely to a smooth tax season.

read more →

six benefits of an internal audit

number 6plus the principal tasks.

by ed mendlowitz

every business has a system of internal controls. very small businesses likely rely on luck and the honesty of their one or two office staff. small businesses rely on their independent auditors to check their system once a year and large companies employ one or more internal auditors on their staff.

more: the ten financial controls that’ll make you a hero | rule #1: start with cash | organization minutes too often overlooked | five cash reports you can’t live without | the priorities were backward | the seven-minute financial statement
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

this post explains the internal audit process that applies to every size business. businesses have voluminous transactions; multiple people involved, companywide; and assets that need protection.
read more →

the full cost of terrible service

this is not a question, but a story and comment.

by ed mendlowitz
202 questions and answers: managing an accounting practice

one sunday evening my wife and i went into a reasonably upscale restaurant and we had terrible service from everyone we interacted with.

more: how to offer family office services | why hiring out of school works | 15 tips for novice managers | what’s your ‘kg’ value? | when clients call you at home
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when we were seated, the table wobbled, and we asked if they could do something or move us to another table. ten minutes later, someone showed up with a wad of napkins that made it worse. five minutes later, they asked if we were ok and put us at another table. ten minutes after that, they took our order, but we asked for some drinks immediately, which we only got after complaining to the manager.
read more →

the hazards of poor internal controls

businessman is analyzing through magnifying glass contract and prices

it doesn’t matter how great the system is.

by ed mendlowitz
77 ways to wow!

my last column addressed the importance of controls when trying to get a client. but it is also important to retain the client. a good system that is not monitored is a sure way to not only lose the client but be kept awake at night.

more: how to explain internal controls to clients | the ten financial controls that’ll make you a hero | five cash reports you can’t live without | when an audit is a great thing
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if you have been around long enough, you’ve experienced a theft at a business or not-for-profit organization. for nearly ever fraud i have seen, the slightest effort would have thwarted those frauds. nowadays the only frauds i encounter are new engagements, where i try to quantify what was taken.
read more →