tax pros e-file 52% of returns
refunds are in the red.
by beth bellor
卡塔尔世界杯常规比赛时间 research
tax season
nine methods to reduce tax review time
it’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
exclusively for pro members. log in here or 2022世界杯足球排名 today.
the reviewer’s time is the main element that needs to be managed and reduced.
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where is your next money coming from?
five questions to help forecast your firm growth.
by martin bissett
passport to partnership
if i could give you one tip that would assure that you could predict your consistent practice growth, it would be to look at your calendar.
more: forged in fire: the pains of leadership | perception is reality, client version | 10 questions for reconsidering your prices | would you make yourself a partner? | a list is not a pipeline | prepare the next generation now | are you committed to your firm? | nine points to check before hello | why clients struggle with growth
you need to look at what is on your calendar and to look at today’s date and ask, “where is the money coming from this month?” look at what recurring fees you have, look at the value of those fees and what they bring in. then consider what would happen if any of those fees did not recur. look at what would happen if those fees dropped out of the equation and think about how you would replace that income.
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five skills for emotional mastery
every successful practice owner needs them.
by sandi leyva
the complete guide to marketing for tax & accounting firms
there are courses and conferences to help you build the technical skills you need to succeed in accounting. but if you think about it, there is no cpe to help you with the emotional side of your business, and there are plenty of times on a daily basis that the emotional side of business comes into play:
more: why you need a link-in-bio tool | what’s in a (domain) name? plenty | four tips for tough times | nine thoughts on self-marketing for the introvert | 13 reasons to master consumption marketing | when to talk about fees | take a moment for appreciation | beyond compliance: what more you can provide | the biggest seo secret of all: google business listings
1) making a price increase or setting your prices in the first place
2) firing a client from you-know-where
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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
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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tax pro e-filings up 3%
average refunds are down by double digits.
by beth bellor
卡塔尔世界杯常规比赛时间 research
judge reviewers by how tax preparers improve
also: 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
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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can’t irs tax pro accounts do more?
of course it can. here are five recommendations.
by 卡塔尔世界杯常规比赛时间 research
in 2021, the irs rolled out its tax pro account program, a relatively quick response to the complications brought down by covid-19, not to mention the years of dwindling service brought down by congressional budget cuts.
more: hello? irs? anybody home? | taxpayer assistance centers need upgrade | tax pros offer advice for small businesses | has early tax season optimism peaked? | why the irs is still doing data entry by hand | accountants’ top problems for tax season 2023
the purpose of tax pro accounts is to allow practitioners to perform basic services online for their clients.
unfortunately, the services enabled by the program were and still are rather limited. many of the services that individual taxpayers themselves can access online are not available to their tax accountants.
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hello? irs? anybody home?
pulling people off the phones: not helpful.
by 卡塔尔世界杯常规比赛时间 research
the latest results from the 2023 cpatrendlines busy season barometer showed a significant shift in practitioners’ main concern this year. it used to be “late or unprepared clients.”
more: taxpayer assistance centers need upgrade | on business outlook, cpas are confident … and concerned | at the irs, short on staff means short on service | tax pros offer advice for small businesses | busy season barometer finds many cpas in transition | more cpas see worsening economy | has early tax season optimism peaked? | marchternity: just say ‘no’
now “irs operations” has surged to first place, cited by 53 percent of respondents.
ouch, right? the agency charged with collecting taxes is the biggest problem for those who file tax returns for a living.
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tax reviewers can advance, with a push
seven management tasks to adopt.
by ed mendlowitz
how to review tax returns: the field-tested update
pros handle 45% of income tax returns
refunds down by double digits.
by beth bellor
卡塔尔世界杯常规比赛时间 research
tax season 2023 has been consistent. refunds are down, and so are self-prepared filings and irs.gov visits. by every other marker, though, business is as usual or better.
more: on business outlook, cpas are confident … and concerned | at the irs, short on staff means short on service | more cpas see worsening economy | marchternity: the solution is community |
as of feb. 24, the latest data available, the irs had received 46 million individual income tax returns, up 1.3 percent from the same period in 2022. it had processed 45.7 million returns, up 4.3 percent.
we always like to see processing go quickly, and the agency is speeding through returns right now at a clip of 99.4 percent.
taxpayer assistance centers need upgrade
even if they get an appointment, taxpayers are limited to one issue.
by 卡塔尔世界杯常规比赛时间 research
taxpayer assistance centers were a great idea that have somehow managed to stumble into quasi-dysfunctionality.
more: on business outlook, cpas are confident … and concerned | at the irs, short on staff means short on service | more cpas see worsening economy | marchternity: the solution is community | why we all hate the tax code | tax season 2023: better or worse?
ideally, taxpayers should be able to show up at a tac with their papers and count on good advice and assistance. they should even be able to have their paper returns scanned and filed electronically.
but no. inevitably, this, too, got screwed up.
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on business outlook, cpas are confident … and concerned
what’s your opinion? how’s your practice doing? what are your concerns?
take the five-minute busy season survey and contribute to the professional discussion.
fewer accountants = larger client lists.
by 卡塔尔世界杯常规比赛时间 research
cpas and tax practitioners tend to know what’s happening in business. more than any other professionals, they have their fingers on the pulse of companies large and small. they understand numbers, they listen to their clients and they have the wherewithal to see where micro- and macroeconomies are headed.
more: at the irs, short on staff means short on service | tax pros offer advice for small businesses | has early tax season optimism peaked? | why the irs is still doing data entry by hand | how bullish are you this tax season? | tax season 2023: better or worse?
when the 20223 cpatrendlines busy season barometer survey asks cpas and tax practitioners about the business and economic outlook from their view in the trenches of american business, the responses show a curious contradiction.
generally speaking, the earliest respondents are confident at the micro level – their own firms and families – but less so for their clients. they are notably concerned about the macro level – the national economy and the outlook for small businesses in general.