some of them might work for you.
by 卡塔尔世界杯常规比赛时间 research
cpa firms have been through a lot in the past few years. it’s a wonder cpas are still in business and still, in many cases, sane.
more: cpas warn small businesses to beware | clientele and revenues rising, but … | should tax preparers be certified competent? | have no fear, april is here | survey: busy season looking good | on business outlook, cpas are confident … and concerned | 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’ | marchternity: the solution is community | how bullish are you this tax season? | accountants’ top problems for tax season 2023 | tax season 2023: better or worse?
exclusively for pro members. log in here or 2022世界杯足球排名 today.
but things seem to be settling down. covid-19 is waning a bit. the federal government didn’t issue any last-minute, mid-season tax edicts. firms are scooping up new clients. revenues and profits are up, and more than half of all practitioners are daring to admit a sense of optimism.
the upheavals of these recent years have led accounting practices to make necessary changes. and the changes seem to be working. this spring, 58 percent of respondents to the 卡塔尔世界杯常规比赛时间 busy season barometer say they expect this year to be better than last year, and barely 20 percent expect it to be worse.
we rarely see numbers like that around here.
what’s working?
the barometer asks accountants what they’re doing differently this year. the answers are all over the place, but there seems to be a preponderance of practices that are
- adding to staff or outsourcing,
- cutting clients,
- raising fees,
- using docusign/e-signatures,
- investing in tech and
- managing time better.
so what lessons were learned? and could you apply them to your firm?
bold changes
james cordova says his firm, windes, is seeing significant increases in revenues and some increase in revenue and profit per client. some bold changes have made this possible.
“we have a full team in the philippines, which has taken the pressure off our domestic team and allowed us to scale,” cordova says. “also, huge investment in technology and ai.”
greg hostelley, at inner circle advisors in independence, ohio, is achieving increases in revenue and profit despite no significant expansion of clientele, using some of the lessons from the covid-19 period. his is “using more work-from-home staff and more outsourced team members.”
a tax practitioner named tina is making life simpler with extensions.
“across-the-board extensions instead of one at a time,” she tells us. “notification with opt-out options, and then did them across the board.”
john mleczek, at john mleczek tax service, is getting serious with outreach: “phone contact along with letter,” is what’s working for him.
jerome hehir, at g&h cpas in hauppauge, n.y., upgraded his software, but it hasn’t been easy. he says. “using a new software, cch axcess after 30 years of profx – tough adjustment.”
better use of staff
kenneth shirk, at sonrise tax in lebanon, pa., is “shifting some responsibilities to non-preparer staff.”
joel marin, with his own eponymous firm in alvin, tex., is streamlining the tax return process with “doc-u-sign and emailing returns to clients.”
ken wolfe, at brown schultz sheridan & fritz: “using ai, more of a team approach and better staffing.”
david b. danel (david b. danel, cpa): “turned off my cell phone – better utilization of support staff to prepare files before i touch them. i set a goal of only touching a file once.”
angie dyches (cpa financial solutions): “new clients have minimum fee. older clients that are not at minimum are being told that will be the new rate next year.”
steven brewer (steven brewer & company): “using more technology to handle processes that we hired temp staff for in past.”
rick podgorny (r. martin & associates): “client letter explaining common information missing that delays preparing tax returns.”
william burch (william burch consulting): “a little bit of friendly neighborhood promotion.”
with the busy season going so well this year, cpas and tax practitioners have the luxury of trying new solutions and repositioning themselves for the years to come. feel free to share other lessons from this year in the comments.