5 small leaks that can sink a tax season

tiny businessman standing on dripping faucetshut them off before they cause great damage.

by ed mendlowitz
tax season opportunity guide

some people are micromanagers and anal with details. others are big-picture managers, letting details take care of themselves.  neither is completely effective and both disciplines need to be balanced.

more: 5 tax review keys | 4 reasons to push ahead with tax question research | help tax clients help you | bill with the tax return, get paid faster
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there is a time for details and a time for big-picture thinking. when setting up procedures and processes it is essential that all details be considered and planned for. once the process is set up, there should be brief but continuous monitoring. and then the big-picture thinking should take over – that is where you will make your money.

but you can’t get to the big picture ever if you are always immersed in the details. not setting up methods right at the beginning – or permitting a lack of adherence to them – will thwart any chance of growth and the success you can achieve.

  1. small leaks are continuous errors, inattention, lack of focus and failure to follow procedures or use checklists.
  2. not catching small errors or a divergence of proper processes shows a lack of oversight that is usually taken advantage of with more and more digressions.
  3. it is much easier to stop small leaks than big floods.
  4. errors are just that. we all make them and they need to be overlooked. what cannot be overlooked is repeated errors or a continuous lack of care or following procedures.
  5. management is making sure procedures are being followed. if a procedure is not good, then change it. otherwise, until change comes, follow it.