nine reasons you need them and the one big reason they don’t get used.
by ed mendlowitz
how to review tax returns
this is an area i feel very strongly about, and it is a major reason for the success of the better firms and the lack of growth of smaller firms. read more →
by rick telberg
卡塔尔世界杯常规比赛时间
accountants joining the annual 卡塔尔世界杯常规比赛时间 busy season barometer poll are recommending regular rest and recreation among their leading survival strategies.
some know how to balance things just right, like vic butcher who says to “exercise every morning and go out for pizza and drinks every thursday night.” we can’t object to pizza and drinks, although alan gray would have us “eat and drink less.” read more →
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then you’re probably not spending enough on building a practice.
by ed mendlowitz
how to review tax returns
i refer to the tax return review process just as that – the review process. however, in reality it is part of the quality control (“qc”) system. if you think of the review as qc, would you look at tax return reviews differently? read more →
top leadership must set the tone for solid review work.
by ed mendlowitz
how to review tax returns
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. many firms, however, do not have uniform tax return review procedures, and even when they do, they are not always adhered to. choosing how to properly use the reviewers’ time and interface them with the staff can contribute immensely to a smooth tax season. read more →
without building an entire international tax practice.
as the business tax practices of cpa firms across the united states look for ways to expand their opportunities, inbound tax services have become a lucrative niche. the complexity of u.s. corporate taxation for closely held foreign parents provides a ripe opportunity for experienced tax professionals to provide this valued service.
but firms don’t necessarily need an international tax practice to pursue global business opportunities. they simply need a focused strategy to attract companies with inbound tax compliance needs, and the relationships to support them.
here are three ways that firms can successfully build or expand a more globally aware tax practice, according to members of bkr international. read more →
tax professionals fight political uncertainty, ragged clients, toughened rivals.
by rick telberg
卡塔尔世界杯常规比赛时间
after what for many was a disastrous season in 2013, many tax prep professionals are laying new plans and taking on ambitious initiatives to avoid a repeat of last year and maybe even vault ahead of the competition.
with input from more than 400 practitioners, 卡塔尔世界杯常规比赛时间 expects 2014 to be rocky from the start, with washington politics playing a big role, and also highly competitive, as practitioners battle both fee pressures from clients and each other for a smaller pool of good clients.
in the last 30 days, practitioners’ outlook has been generally positive as they start to get their plans in place and with a momentary lull in washington infighting. as of today, about 60% of the more than 400 practitioners surveyed expect a better season than last year, including 12% who are hoping for a “much better” season.
if there are themes among the new strategies from lessons learned last year, they fall into a few general categories: read more →
executive summary
by rick telberg
cpa trendlines
most tax practitioners across the nation are preparing for the 2014 busy season with the hoping it can’t possibly be as bad as last year’s “worst tax season ever,” according to exclusive 卡塔尔世界杯常规比赛时间 polling.
about 61% of accountants today expect at least a “somewhat” or even “much” better season this year, according to the 卡塔尔世界杯常规比赛时间 busy season barometer, a tracking poll now approaching its 11th year. some 26% expect no change from last year, and 13% are bracing for “somewhat worse” or “much worse.”
in the 卡塔尔世界杯常规比赛时间 special report, responses and comments from more than 400 practitioners surveyed have been tabulated and analyzed. key findings:
more
the best sources to make you look like a genius.
by ed mendlowitz
“tax season opportunity guide“
question: when i was asked three technical questions, i found the answers quickly in a one-volume tax guide i keep near my desk. i answered them and did not disclose my “secret,” wanting the callers to think i was a “genius.”
it astounds me that many people do not try to find the answers for themselves.
the questions concerned: read more →
by sandi smith leyva, cpa
author of free download:
“10 keys to doubling your revenue”
it’s easy to get sidetracked by politics this year and simply wait to see what’s going to happen in the tax arena. i hope you don’t fall into that trap, though, because there has never been more opportunity in accounting and tax than right now, and now is the time to start preparing so you can make the most of next year’s busy season. read more →
bookkeeping data is notoriously unreliable. so why is the irs relying on it?
get the instant download:
the 10-minute bookkeeping test
by frank stitely
sk cpas
“please give me a copy of your 1099-misc forms.”
the irs agent was a 25-year-old woman, with only a couple of years of experience dealing with my client.
my client was the “how-dare-you-question-me?-i’m-a-taxpayin’,-god fearin’-american” type of client – one of those guys who think the marlboro man is a wimp.
but he had a tax problem. he was being audited and he had thrown out all of his paper records when he moved his office.
missing 1099-misc
he didn’t have copies of his 1099-misc forms. so he had his bookkeeper reprint them from quickbooks. i gave them to the irs agent.
“mr. stitely, these 1099 forms don’t match what we have in our records.” read more →
by ed mendlowitz, cpa, abv, pfs
the 30:30 training method
question: i know you have a lot of advice on how to review tax returns. what’s your single best tip?
response: i had never thought about this until this question was asked.
five things you need to know and three things you need to do.
by frank stitely, cpa
stitely and karstetter
get ready for a transformation in the tax business unlike anything we have experienced since turbotax. the transformation will force many of your colleagues to sell, retire, or go out of business. it will force many of your staff out of the profession. it will change the way you serve clients. and, it will either result in tremendous opportunity for you or end your practice. this transformation is zero data entry.
more stitely: three trends that will transform your tax practice or eliminate it | value, billem & dunn: a value billing case study | why value billing won’t transform your life | the problem with frank stitely? we need more frank stitelys! | the problem with timesheets? not enough timesheets! | who’s missing in action from your workflow processing system? | how to make an extra $72,000 by working smarter read more →