tax practice

the one word that changed the irs

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//m.g005e.com/2019/05/09/what-difference-does-one-word-make/and why the irs now needs a new mission statement.

by 卡塔尔世界杯常规比赛时间

ten years ago, the internal revenue service changed a word in its mission statement.

more: what’s the real impact of irs audits? | tough lessons from tax season | why shouldn’t all tax practitioners need licenses? | data divers profile taxpayer filing styles | fixing the tax system: accountants sound off | 2 ways the eitc error rate is high | who’d like a friend in the irs?
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before: “provide america’s taxpayers top quality service by helping them understand and meet their tax responsibilities and by applying the tax law with integrity and fairness to all.”

after: “provide america’s taxpayers top quality service by helping them understand and meet their tax responsibilities and enforce the tax law with integrity and fairness to all.”

the change was made without public discussion. it just appeared: subtle and quiet but deep and disturbing.

what’s the difference? attitude and approach. read more →

workflow for dummies

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exhausted man rubbing his eyes under glassesso you can quickly tell when a delay is the client’s fault. plus: the 12-step tax return and 8-step writeup workflows.

by frank stitely
the relentless cpa

let’s play buzzword bingo. i’ll go first: workflow.

more: what goes into a client project? | tammy’s tale of tax season tardiness | beware the leeches and consultants | the value-pricing con job | the 21st-century cpa firm | ruthlessly efficient workflow management
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

workflow is the cpa firm buzzword of the decade. every vendor leech trying to suck the life out of your bank account drops this term, and in so doing, workflow now means everything and nothing at all. marketers have so devalued the term that we shouldn’t be surprised that no one has an effective workflow, because no one knows what it is. let’s flush the confusion.
read more →

cohnreznick goes national on cannabis

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portrait of michael harlow
harlow

tax maven michael harlow leverages firm’s real-estate prowess to build a new national niche.

by liz gold
cannabizcpa.pro

as the tax lead for cohnreznick’s cannabis practice, michael harlow, says the biggest barrier to entry for cannabis businesses on the east coast is finding the right real estate for their endeavor.

more on cannabiz: cannabis: embracing risk as a market advantage | cristina garza: keeping cannabiz clients in compliance | cannabis: top trends to watch in 2019 | cannabis cpa carves out investment research niche | ‘genius accountant’ helps cannabiz clients manage effectively | bruce jolliff: jumping into cannabis head first | mark guiley oversees new cannabis niche | jessica velazquez on cannabis accounting and activism | podcast: jim marty and cory parnell go national | 5 biggest mistakes cannabis ceos make
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“the biggest barrier to entry for east coast cannabis businesses is finding the appropriate real estate for their endeavor,” says harlow, cpa and national tax leader for cohnreznick’s cannabis practice. read more →

tough lessons from tax season

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how to conduct an after-action review for a better season next year: 8 essential questions, 11 new opportunities.

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

now that the initial tax deadline is past us, it’s a good time to take a look back to see how things went and how they can be done better. this is called an after-action review, and it’s not the same as a de-brief or a post-mortem. it’s a great tool for large companies, and small businesses can benefit too.

more from sandi leyva: change overload: 5 simple coping strategies |  39 advisory services for accountants  |  mix and match marketing channels  |  marketing materials 201: some advanced tips  |  testimonials: why and how  |  10 marketing materials you need  |  make direct mail work for you  |  how to use ‘warmed-up’ telemarketing  |  content marketing types and tips  |  write your way to expert status    |  71 places to find new clients  |  awards can boost your reputation  |  are you newsworthy?  |  step-by-step: how to make newsletters work for you  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

an after-action review is a fantastic process to help you look back at a project or period of your business to see what, why, and how things occurred and how they can be improved for the future. taking a profit-focused view will help you get the most out of the idea.

read more →

change overload: 5 simple coping strategies

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master the change around you with some healthy new habits. 

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

this busy season brought with it massive changes in tax laws, form layouts, technology, and client confusion. if all this change seems to be a bit much, you’re not alone.

more from sandi leyva: 39 advisory services for accountants  |  mix and match marketing channels  |  marketing materials 201: some advanced tips  |  testimonials: why and how  |  10 marketing materials you need  |  make direct mail work for you  |  how to use ‘warmed-up’ telemarketing  |  content marketing types and tips  |  write your way to expert status    |  71 places to find new clients  |  awards can boost your reputation  |  are you newsworthy?  |  step-by-step: how to make newsletters work for you  |

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

handling change requires extra energy and resources that our brains would rather not use, causing a struggle within ourselves.

as you move from the april 15th deadline to working on your pile of extensions, here are some tips to reduce the feeling of overwhelm and better manage your energy and productivity.

everyone is different when it comes to the amount of change they can tolerate. use these five tips to help you master the change around you.

read more →

why shouldn’t all tax practitioners need licenses?

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data chart

does a 90% error rate alarm anyone?

by 卡塔尔世界杯常规比赛时间 research

america needs tax preparers. without them … well, it’s hard to imagine how people would calculate any more than the most rudimentary returns.

more: data divers profile taxpayer filing styles | who’d like a friend in the irs? | wanna change the tax world? | the big free-file flop | survey: busy season goes sour | lessons learned: how the federal shutdown hit busy season 2019 | taxpayer advocate slams congress over funding
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the funding of the government would fall to a fraction of what is needed to sustain the nation. tax preparers are an essential link between the government and those who fund it.
read more →

data divers profile taxpayer filing styles

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understanding retail, software & online tax service users.

by 卡塔尔世界杯常规比赛时间

with options like retail walk-in tax prep, software services, or online filing, how do taxpayers decide? the data scientists at the consumer research agency exponential.com dove into the data to uncover the factors that may make someone more (+%) or less (- %) likely to utilize one of three common filing methods. read more →

2 ways the eitc error rate is high

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line graph
source: national taxpayer advocate annual report to congress 2018 [click for larger image]

and 6 contributing factors.

by 卡塔尔世界杯常规比赛时间 research

the earned income tax credit is considered one of the most efficient federal programs for sustaining people with inadequate income. part of the eitc’s efficiency results from the lack of an intermediary checking the qualifications of those who receive it.

more: who’d like a friend in the irs? | hello, irs? anybody home? | tax season 2019 serves up a taste of the future | the demise of schedule a? | tax refund fury roils busy season
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the tax return itself is the application for eitc. there is no other process, no pre-return vetting, no social workers. the closest thing to an intermediary is the tax preparer who makes sure the correct income is reported and the correct forms filled out.
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is the irs about to get beefed up?

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today’s bonus question: lessons from tax season to apply to 2020?

trump proposes 5% boost to the irs budget, reversing years of cutbacks and declines.

busy season barometer
today’s bonus question: what are firms learning from tax season 2019, that they’ll apply in 2020?
join the survey. get the results.

by 卡塔尔世界杯常规比赛时间 research

after many years of increasing austerity—and some would say crippling austerity—the irs may have bottomed out. despite broad cuts proposed in the overall 2020 federal budget, president trump has included an additional $362 million—a five percent increase—for the agency that gathers the funds that keep the united states in business.

more busy season: tax season funnies: april fool is when?  |  wanna change the tax world?   |  how the irs hides its legal decisions  |  tax season 2019 serves up a taste of the future  |  the biggest reason fraudsters run rings around the irs  |  the irs free-file flop  |  protect your clients’ assets  |  the demise of schedule a?  |  tammy’s tale of tax season tardiness  |  how effective project management makes your life easier  |  survey: busy season goes sour   |  when clients cash out: four smart financial moves

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

if congress approves the budget as proposed (and that’s bound to be an exciting story), the irs can begin—just begin—to recover some of what has lost over the last decade or so.

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