attest, m&a and salt lead top trending niches.
accounting today’s annual listing of its top 100 firms reflects what the industry as a whole is seeing: business is good and it’s getting better.
overall growth was a healthy 8.44 percent, similar to but slightly higher than recent years.
firms with revenues between $100 million and $1 billion outpaced the others in growth mode, although mergers had a great deal to do with that.
the most difficult challenge cited was – no surprise – recruiting and retaining qualified staff, especially those with three to five years of experience. pressure is being put on the talent pool by retiring baby boomers only exacerbates the problem. tools to counter it include: read more →
bonus checklist: 11 services that should be part of every “cfo” engagement.
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
question: i have many small business clients and can’t seem to get larger clients. any suggestions?
more practice doctor q&a: it’s not sales. it’s your duty | 7 ways to lose a client’s trust | 6 ways to take a client beyond tax prep | 10 do’s and don’ts for making small business clients happy | 14 ways to switch to value pricing | pricing, billing, costing: don’t blame clients
answer: when i started, we called the work we did for small clients “writeups.” at some point, write-ups were an embarrassment and we stopped calling them that – we said we handled family businesses. read more →
fines run $100 per day, per employee.
by stephen l. nelson, cpa
and elizabeth c. nelson, cpa
small business and the affordable care act
by now, many of your small business clients understand they don’t have to provide employees with health insurance. the employer mandate starts when a firm employs 50 or more full-time-equivalent employees.
but here’s an awkward follow-up question: do your small business clients understand that many of the aca’s rules still apply to them and that they may still be vulnerable to the aca’s 4980d excise tax penalty—which runs $100 per day per employee?
can we talk irc code sections?
people sometimes hear references to the 4980d penalty and scoff, say you can’t believe everything you hear on talk radio or read at some blog. so let’s look at the actual internal revenue code section in question.
here are the first few sentences of irc sec 4980d: read more →
the top 51 issues in handling valuations of marijuana businesses.
by 卡塔尔世界杯常规比赛时间 research
the growth of legal marijuana businesses, from growing to retailing, has opened a new niche—or really a bunch of niches—for cpas.
among them are bookkeeping, internal control, tax accounting and preparation, management, holding companies, and general business council. the opportunities are born of the complexities behind them.
related: billion-dollar questions: cannabis faq for cpas | how cpas find opportunity in cannabis boom | america’s new breed of cannabis cpa [video]
one of the opportunities is the valuation of these brave, new businesses as aggressive investors flood the market with fresh cash. “you’ve heard of the gold rush of the 1800’s,” one industry insider tells 卡塔尔世界杯常规比赛时间. “well, this is the ‘green rush.’”
now comes a new study issued by business valuation resources llc, “marijuana dispensaries: a budding industry brings opportunities and challenges for business appraisers,” which presents some ideas worth thinking about. click here for a free preview of the new marijuana bv study.
“legal marijuana is a very good business,” says ron seigneur, mba, cpa/abv, asa, cva, cff, and a well-known advocate for cpas in the art and science of business valuation. seigneur, of denver-based seigneur gustafson llp, writes the introduction to the report. cpa jim marty of bridge west cpas, also denver-based, authors much of the report. marty has quickly emerged as one of a handful of nationally recognized accountants in the business.
several factors contribute to the opportunities of valuation. and several other factors contribute to the complications. in all, 卡塔尔世界杯常规比赛时间 finds dozens of points that shouldn’t go overlooked. some are germane in any valuation engagement. others are peculiar to the cannabis business. all require especially careful review in this fast-changing legal and regulatory environment.
here they are: read more →
how to suggest additional services to clients and why you’re doing them a disservice if you don’t.
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
question: i always feel awkward telling clients they need additional services that i should perform for them. can you tell something that could “rev” me up for this?
more practice doctor q&a: yes, you should send rejection letters | when to hire an admin assistant | 7 ways to lose a client’s trust | how much should you pay to buy, sell or merge an accounting practice? | why the average fee doesn’t matter | no more printouts at cpe programs? | 6 ways to take a client beyond tax prep
answer: actually, by suggesting additional services you are doing the client a favor and a good deed. also, you are in business and the easiest way to generate additional revenues is to cross-sell services to present clients.
18 frequently asked questions on taxes and accounting for cannabis businesses.
plus: six leading sources for more info.
by 卡塔尔世界杯常规比赛时间 research
with cannabis dispensaries and recreational stores pulling in about $3.1 billion in revenue this year, the u.s. marijuana industry is expected to pump an estimated $10 billion into state and local economies, making it a powerful source of industry, employment and taxes for cash-strapped states, according to the marijuana business factbook. the same source projects a $29 billion industry in four years, rivaling today’s u.s. wine industry.
related: see more marijuana-industry reports here
more than 60 tax, accounting and cpa firms in more than two dozen states are already advertising cannabis-related business issues as a specialty niche.
naturally, accountants have questions. here 卡塔尔世界杯常规比赛时间 answers a few of the most frequently asked… read more →
growing business draws on high-level skills and special talents.
plus: professional resources and cpe.
by 卡塔尔世界杯常规比赛时间 research
cannabizcpa.pro
attention cpas: there’s a big new niche opening in your area soon, but are you up to speed on accounting for a legal business that sells an illegal product?
dude, get with it. the united states – some of the states, anyway – is opening up the biggest niche this side of the rio grande. read more →
‘an accountant’s dream.’
are you about to do any of these? is it worth it?
by ed mendlowitz
the 卡塔尔世界杯常规比赛时间 practice doctor
question: i believe i have a very high degree of client trust. but somehow i feel it is not 100 percent. any comments?
answer: this person has a common problem. the trust is very high – probably higher than any other profession – but not complete. it is rare for trust to be 100 percent. but here are seven ways to lose a client’s trust:
read more →
take this quiz to see whether you’re phoning it in.
do you seek out opportunities to learn new things that will help your clients overcome their most difficult challenges?
selling value-creation advisory services is truly a slam dunk with most modern business owners, according mentorplus. the bad news is that, although most cpas would say they are their clients’ most trusted advisor, few could answer the following questions in the affirmative.
the most successful firms have a lot to teach the rest.
by sarah johnson dobek
inovautus consulting
when it comes to accounting firm growth, there is a distinct gap between the growth rates of the best-performing firms and the rest of the pack.
more dobek: | five ways to grow new service lines | how crisis illuminates your biz dev skills | how crisis illuminates your biz dev skills | how crisis illuminates your biz dev skills | don’t confuse marketing with biz dev | do you ask the right questions to deepen client relationships? | advisory services: real commitment or just talk? | covid: learning how to operate in the new normal
exclusively for pro members. log in here or 2022世界杯足球排名 today.
an ipa survey reports the top firms are growing at a rate of 7%, compared to a paltry 2.8% for the average accounting firm.
we see three things high-growth firms do that average firms don’t. read more →
accountants relieve their worst headaches.
卡塔尔世界杯常规比赛时间 sources are reporting on how much time and money small businesses spend each year on accounting and tax preparation and each month on payroll administration.
the data should support practitioners’ value proposition to small business owners: some 40 percent say bookkeeping and taxes are the worst part of being in business.
owners were also surveyed on their opinions of the most burdensome small business management tasks. next time you talk to your clients — or prospective clients — these pain points might be worth including in the conversation…
with the right approach, you may be able to save the relationship.
unhappy clients won’t tell you they have a problem; they’ll simply move their business elsewhere.
so, if a client gives you a chance to repair a bad situation, take it.
here are a few tips from maribeth kuzmeski, author of “the connectors: how the world’s most successful businesspeople build relationships and win clients for life,” to keep your business relationships from going bad — and rescue those that have started to sour: