tax season

she wanted her shoebox back

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one of the oddest ways i ever lost a client.

hoisted from comments
looking at comments, ed mendlowitz seems to have hit a nerve with this piece. 卡塔尔世界杯常规比赛时间 readers are reacting with knowing nods and war stories of their own. 

by ed mendlowitz
call me before you do anything: the art of accounting

who would ever think that the most important part of a shoebox with a client’s tax information was the shoebox?

more: when parents, children hit an impasse | how bickering can ruin a family business | one hour a year since 1972 | 50 ways to make more money in busy season | 20 good ways to boost tax season production
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not me, and i lost a client because of it. read more →

tax season ends with pros covering 54% of returns

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data chartdirect deposit refunds were the only down note.

by beth bellor

the final report from the tax season we thought would never end is in, and on higher notes than might have been expected.

more: 54% of tax returns go through pros | tax pros race to the finish line | tax pros widen lead over amateurs | pros surge ahead in tax prep | tax pros handle 53% of e-filings | tax pros hold their ground
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the agency received 148 million individual income tax returns, up 11.8 percent from the same period in 2020, when the endless season was 18 days longer. it processed 135.8 million returns, up 13.4 percent and setting the processing rate at 91.7 percent.
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irs: short on time and running out of room

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the situation isn’t funny, but laughing beats crying.

by 卡塔尔世界杯常规比赛时间

half the country may be vaxxed to the max, but that hasn’t helped the irs recover from last year’s covid-clogged backlog. in fact, it’s gotten so bad that the backlog is causing a logjam that’s backing up more logs.

more: 173% increase in irs correspondence backlog | hunker down: the irs backlog isn’t going away anytime soon | the irs studebaker bomb | irs has recruiting problems, too
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when tax clients start to gripe about the refunds they haven’t received, maybe not even last year’s, describe this scenario to them, as described by the interim results of the 2021 filing season report from the treasury inspector general for tax administration.
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tax season is over; now what?

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woman driving a sports carhow are you marking this year like no other?

by ed mendlowitz
call me before you do anything: the art of accounting

i always ended tax season with my office closed the next day. we once gave employees a choice of taking off either the day after or friday after tax season. those who chose the friday said they should have taken off the day after. that day off provided a way to unwind and just be lazy.

more: when parents, children hit an impasse | how bickering can ruin a family business | one hour a year since 1972 | why annual staff evaluations fall short | why create an accounting firm business model? | the clients that keep you awake at night
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one year, one of my partners, a close friend and i all bought new cars that day. it is a day to clear your mind and come down from a high-performance mentality.
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annual criminal tax conference set for june 4

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the one-day online conference features irs leaders and top tax attorneys and eight cpe credits.

hosted by eric green

key irs leaders and nationally recognized criminal tax attorneys will convene june 4 for the fourth annual criminal tax day 2021, a one-day online conference hosted by green & sklarz foundation trust that provides educational cpe/cle sessions for cpas, eas, and attorneys on the hottest criminal tax topics. all proceeds go to charity.

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12 ways to stress less this busy season

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calm balanced businessman sitting outdoors on bench in yoga lotus pose meditating, with office building and blue sky in backgroundtips that are quick and low-cost.

by sandi leyva
the complete guide to marketing for tax & accounting firms

i don’t want to stress you out, but we really do need to do something about our stress levels, especially during tax season. an american psychological association survey showed that our kids are getting headaches, having difficulty sleeping, and eating too little or too much because of pressure from school and household finances. the worst part is that the study showed that most parents were not aware of the severity of their children’s stress.

more on small-firm growth strategies: six ways to make your own history during women’s history month | clubhouse: hottest new social platform or just more noise? | who’s offering your clients ppp services? | ppp client fraud: how much risk is too much? | survey: who’s not billing for ppp services? | add these money-making rituals to your work day | 3 ways to opt out of any downturn
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many adults reported not knowing what to do to change their lifestyle so they could reduce their stress, so it just makes sense to talk about this a little.
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pros surge ahead in tax prep

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data chartrefunds are up overall, but down in direct deposit.

by beth bellor

are those diyers losing ground while the tax professionals gain it? why yes. that’s exactly the case.

more: tax pros handle 53% of e-filings | tax pros hold their ground | pros tackle 49% of e-filed returns | survey: tax season swings into the red | another tax season from hell?
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the pros pulled out of the red year-over-year and solidly hit the black – or green, according to our chart – by preparing 55.5 million electronic filings of individual income tax returns, 3.4 percent higher than the same week last year. factor in that 2021’s season started 18 days later, and there is some real reason to preen.
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are you marketing for next year yet?

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it’s not too early to plan for next season.

by ed mendlowitz
tax season opportunity guide

marketing takes many forms. further, many accountants are not trained in marketing. i also know that while most cpas want more business, they are too busy with what they have to be actively seeking new business. additionally, marketing can be external, internal or retentive.

more: don’t fire that staffer on may 18! | what to do with a lousy client? | but i am managing! | how to run a practice in 90 pages | how improv can help accountants | four tips for new partners | an alternative to pro bono | 14 better uses for timesheet data
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external is where new clients are solicited. that takes effort, ingenuity, time and maybe even some money.
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don’t fire that staffer on may 18!

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midsection of businessman moving out with cardboard box from officefour reasons not to let people go after tax season.

by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor

question: i am planning on letting go of some staff after tax season and will hire replacements at a higher level. any suggestions?

more: what to do with a lousy client? | stop drowning in client documents | make more money starting now | the wrong way to look for staff | strategic planning for the small firm | before you sell your practice | work the client needs … but won’t pay for
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answer: 1) your implication is that you will hire replacements at a higher level.
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